Westhampton Capital LLC Reduces Stock Position in Bassett Furniture Industries, Incorporated (NASDAQ:BSET)

Westhampton Capital LLC decreased its position in Bassett Furniture Industries, Incorporated (NASDAQ:BSET) by 10.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,571 shares of the company’s stock after selling 2,286 shares during the quarter. Westhampton Capital LLC owned approximately 0.23% of Bassett Furniture Industries worth $284,000 at the end of the most recent quarter.

Separately, Barclays PLC increased its holdings in Bassett Furniture Industries by 51.9% during the 3rd quarter. Barclays PLC now owns 10,124 shares of the company’s stock valued at $146,000 after purchasing an additional 3,459 shares during the period. Institutional investors own 54.40% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut Bassett Furniture Industries from a “buy” rating to a “hold” rating in a report on Friday, December 20th.

Bassett Furniture Industries Stock Up 1.7 %

NASDAQ:BSET opened at $14.19 on Thursday. The firm’s fifty day simple moving average is $14.24 and its 200 day simple moving average is $14.02. The stock has a market cap of $124.89 million, a P/E ratio of -7.28, a price-to-earnings-growth ratio of 1.08 and a beta of 1.69. Bassett Furniture Industries, Incorporated has a twelve month low of $12.10 and a twelve month high of $16.15.

Bassett Furniture Industries (NASDAQ:BSET) last announced its earnings results on Wednesday, January 29th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.33. Bassett Furniture Industries had a negative net margin of 5.00% and a negative return on equity of 3.47%. On average, analysts expect that Bassett Furniture Industries, Incorporated will post -0.77 EPS for the current fiscal year.

Bassett Furniture Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 5.64%. The ex-dividend date is Friday, February 14th. Bassett Furniture Industries’s dividend payout ratio is currently -41.03%.

Bassett Furniture Industries Company Profile

Bassett Furniture Industries, Incorporated, together with its subsidiaries, manufactures, markets, and retails home furnishings in the United States and internationally. It operates in three segments: Wholesale, Retail Company-Owned Stores, and Corporate and Other. The company engages in the design, manufacture, sourcing, sale, and distribution of furniture products, including dining, bedroom and bedding, home decorations, rugs, and outdoor furniture to a network of company-owned retail stores, licensee-owned stores, and independent retailers.