Aegis Financial Corp Buys 25,878 Shares of Bassett Furniture Industries, Incorporated $BSET

Aegis Financial Corp raised its stake in Bassett Furniture Industries, Incorporated (NASDAQ:BSET) by 5.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 526,997 shares of the company’s stock after acquiring an additional 25,878 shares during the period. Bassett Furniture Industries makes up 1.3% of Aegis Financial Corp’s portfolio, making the stock its 20th biggest position. Aegis Financial Corp owned approximately 0.06% of Bassett Furniture Industries worth $7,457,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of BSET. Russell Investments Group Ltd. grew its holdings in shares of Bassett Furniture Industries by 95.3% during the fourth quarter. Russell Investments Group Ltd. now owns 1,504 shares of the company’s stock valued at $25,000 after buying an additional 734 shares during the last quarter. Group One Trading LLC bought a new stake in shares of Bassett Furniture Industries in the 2nd quarter worth $30,000. Motiv8 Investments LLC purchased a new position in shares of Bassett Furniture Industries in the fourth quarter worth $42,000. Nalls Sherbakoff Group LLC bought a new position in shares of Bassett Furniture Industries during the fourth quarter valued at $46,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Bassett Furniture Industries during the second quarter valued at $68,000. 54.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BSET. Wall Street Zen raised Bassett Furniture Industries from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Zacks Research raised shares of Bassett Furniture Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Finally, Weiss Ratings upgraded shares of Bassett Furniture Industries from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy”.

Bassett Furniture Industries Stock Performance

Bassett Furniture Industries stock opened at $20.59 on Thursday. Bassett Furniture Industries, Incorporated has a one year low of $13.17 and a one year high of $22.26. The stock has a fifty day moving average of $16.97 and a 200 day moving average of $15.73. The stock has a market cap of $178.31 million, a PE ratio of 32.17, a price-to-earnings-growth ratio of 1.46 and a beta of 0.76.

Bassett Furniture Industries (NASDAQ:BSET) last released its quarterly earnings results on Wednesday, July 1st. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. The business had revenue of $83.75 million during the quarter, compared to the consensus estimate of $83.32 million. Bassett Furniture Industries had a return on equity of 3.56% and a net margin of 1.65%.During the same period in the previous year, the company posted $0.22 EPS. As a group, sell-side analysts predict that Bassett Furniture Industries, Incorporated will post 0.89 EPS for the current fiscal year.

Bassett Furniture Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.9%. Bassett Furniture Industries’s dividend payout ratio (DPR) is presently 125.00%.

Bassett Furniture Industries Profile

Bassett Furniture Industries, Inc (NASDAQ: BSET), headquartered in Bassett, Virginia, is a vertically integrated manufacturer and retailer of residential home furnishings. The company designs, produces and markets a range of furniture items, including upholstered seating, wood case goods, bedroom collections, dining room sets and home décor accessories. Bassett is known for its emphasis on craftsmanship, offering both ready-to-assemble pieces and made-to-order products that cater to varying design preferences and space requirements.

Bassett’s products are sold through a dual-channel distribution network comprising company-owned Bassett Home Furnishings stores, a franchise and independent dealer network, and an e-commerce platform that provides online shopping, virtual design consultations and customization tools.