Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Get Free Report) Director John Walter Mcdowell bought 1,000 shares of the stock in a transaction dated Thursday, April 4th. The stock was bought at an average cost of $14.67 per share, for a total transaction of $14,670.00. Following the acquisition, the director now directly owns 18,463 shares of the company's stock, valued at approximately $270,852.21. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Bassett Furniture Industries Stock Performance
Shares of BSET opened at $14.18 on Friday. The company's fifty day moving average is $15.24 and its 200 day moving average is $15.54. Bassett Furniture Industries, Incorporated has a fifty-two week low of $13.30 and a fifty-two week high of $17.89.
Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last announced its quarterly earnings results on Thursday, January 25th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.21. Bassett Furniture Industries had a negative net margin of 1.57% and a negative return on equity of 0.64%. The company had revenue of $94.70 million for the quarter, compared to analysts' expectations of $90.61 million. As a group, sell-side analysts anticipate that Bassett Furniture Industries, Incorporated will post 0.75 earnings per share for the current year.
Bassett Furniture Industries Announces Dividend
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date of this dividend is Thursday, May 16th. Bassett Furniture Industries's dividend payout ratio (DPR) is -107.46%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of BSET. Qube Research & Technologies Ltd bought a new position in Bassett Furniture Industries during the third quarter valued at $30,000. Tower Research Capital LLC TRC bought a new position in Bassett Furniture Industries during the third quarter valued at $37,000. Citigroup Inc. bought a new position in Bassett Furniture Industries during the fourth quarter valued at $93,000. Barclays PLC increased its position in Bassett Furniture Industries by 5,904.5% during the fourth quarter. Barclays PLC now owns 6,665 shares of the company's stock valued at $116,000 after acquiring an additional 6,554 shares during the last quarter. Finally, Royal Bank of Canada increased its position in Bassett Furniture Industries by 6.7% during the third quarter. Royal Bank of Canada now owns 9,607 shares of the company's stock valued at $150,000 after acquiring an additional 607 shares during the last quarter. Institutional investors own 54.40% of the company's stock.
Analyst Ratings Changes
Separately, StockNews.com cut shares of Bassett Furniture Industries from a "buy" rating to a "hold" rating in a research report on Saturday.
View Our Latest Analysis on Bassett Furniture Industries
Bassett Furniture Industries Company Profile
(
Get Free Report)
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.
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