Bassett Furniture Industries, Incorporated (NASDAQ:BSET – Get Rating) was the recipient of a large drop in short interest in the month of December. As of December 30th, there was short interest totalling 113,600 shares, a drop of 19.4% from the December 15th total of 140,900 shares. Based on an average trading volume of 44,800 shares, the short-interest ratio is presently 2.5 days. Approximately 1.3% of the company’s shares are sold short.
Analyst Ratings Changes
→ My No. 1 dividend stock for a LIFETIME of income. (From Oxford Club)
A number of brokerages have weighed in on BSET. StockNews.com downgraded Bassett Furniture Industries from a “strong-buy” rating to a “buy” rating in a report on Thursday. TheStreet upgraded Bassett Furniture Industries from a “c+” rating to a “b” rating in a report on Friday, September 30th.
Bassett Furniture Industries Stock Performance
NASDAQ:BSET traded down $0.31 on Friday, hitting $18.29. The stock had a trading volume of 26,992 shares, compared to its average volume of 25,568. The firm’s fifty day simple moving average is $18.01 and its two-hundred day simple moving average is $18.82. Bassett Furniture Industries has a 1 year low of $13.16 and a 1 year high of $24.12. The stock has a market cap of $167.46 million, a P/E ratio of 2.67, a price-to-earnings-growth ratio of 0.69 and a beta of 1.53.
Bassett Furniture Industries Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, February 24th. Stockholders of record on Friday, February 10th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, February 9th. This represents a $0.64 annualized dividend and a dividend yield of 3.50%. Bassett Furniture Industries’s payout ratio is currently 9.34%.
Institutional Investors Weigh In On Bassett Furniture Industries
Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Bassett Furniture Industries by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 751,059 shares of the company’s stock worth $12,438,000 after acquiring an additional 8,952 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of Bassett Furniture Industries by 1.1% during the 1st quarter. Gamco Investors INC. ET AL now owns 686,615 shares of the company’s stock worth $11,370,000 after acquiring an additional 7,298 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Bassett Furniture Industries by 2.4% during the 1st quarter. Renaissance Technologies LLC now owns 447,261 shares of the company’s stock worth $7,407,000 after acquiring an additional 10,400 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Bassett Furniture Industries by 6.0% during the 2nd quarter. Victory Capital Management Inc. now owns 318,330 shares of the company’s stock worth $5,768,000 after acquiring an additional 18,029 shares during the last quarter. Finally, Gabelli Funds LLC lifted its holdings in shares of Bassett Furniture Industries by 1.2% during the 1st quarter. Gabelli Funds LLC now owns 195,300 shares of the company’s stock worth $3,234,000 after acquiring an additional 2,400 shares during the last quarter. Hedge funds and other institutional investors own 57.01% of the company’s stock.
About Bassett Furniture Industries
Bassett Furniture Industries, Inc engages in manufacturing, marketing and retailing home furnishings. It operates through the following segments: Wholesale, Retail, and Logistical Services. The Wholesale segment focuses on the design, manufacture, sourcing, sale and distribution of furniture products.
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Read More: Bassett Furniture Industries, Incorporated (NASDAQ:BSET) Short Interest Down