FourThought Financial Partners LLC Sells 3,249 Shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET)

FourThought Financial Partners LLC cut its holdings in Bassett Furniture Industries, Incorporated (NASDAQ:BSET) by 19.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,797 shares of the company’s stock after selling 3,249 shares during the period. FourThought Financial Partners LLC owned approximately 0.16% of Bassett Furniture Industries worth $229,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Barclays PLC raised its position in Bassett Furniture Industries by 42.6% in the third quarter. Barclays PLC now owns 9,502 shares of the company’s stock worth $140,000 after purchasing an additional 2,837 shares in the last quarter. Inspire Advisors LLC raised its position in Bassett Furniture Industries by 24.6% in the third quarter. Inspire Advisors LLC now owns 18,418 shares of the company’s stock worth $270,000 after purchasing an additional 3,641 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Bassett Furniture Industries by 177.4% in the third quarter. Janney Montgomery Scott LLC now owns 44,842 shares of the company’s stock worth $657,000 after purchasing an additional 28,679 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its position in Bassett Furniture Industries by 1.6% in the third quarter. Gamco Investors INC. ET AL now owns 598,277 shares of the company’s stock worth $8,765,000 after purchasing an additional 9,172 shares in the last quarter. 54.40% of the stock is currently owned by institutional investors.

Bassett Furniture Industries Stock Up 1.3 %

NASDAQ:BSET traded up $0.18 during trading hours on Monday, hitting $14.28. 28,876 shares of the stock were exchanged, compared to its average volume of 17,121. The company’s 50 day moving average is $14.48 and its two-hundred day moving average is $15.41. Bassett Furniture Industries, Incorporated has a twelve month low of $13.02 and a twelve month high of $17.89. The company has a market capitalization of $126.09 million, a P/E ratio of -21.60, a price-to-earnings-growth ratio of 2.84 and a beta of 1.70.

Bassett Furniture Industries (NASDAQ:BSET) last posted its quarterly earnings data on Wednesday, April 3rd. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.15). Bassett Furniture Industries had a negative return on equity of 0.64% and a negative net margin of 1.57%. The firm had revenue of $86.55 million for the quarter, compared to analyst estimates of $91.48 million. On average, equities research analysts expect that Bassett Furniture Industries, Incorporated will post 0.31 EPS for the current year.

Bassett Furniture Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date is Thursday, May 16th. Bassett Furniture Industries’s dividend payout ratio (DPR) is currently -107.46%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Bassett Furniture Industries from a “buy” rating to a “hold” rating in a report on Saturday, April 6th.

Bassett Furniture Industries 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.