Bassett Furniture Industries, Incorporated (NASDAQ:BSET – Get Free Report) Director John R. Belk acquired 3,847 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was bought at an average cost of $12.70 per share, with a total value of $48,856.90. Following the acquisition, the director now owns 41,047 shares in the company, valued at approximately $521,296.90. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Bassett Furniture Industries Trading Down 0.5 %
NASDAQ BSET opened at $12.83 on Friday. The firm has a market capitalization of $113.28 million, a P/E ratio of -7.42 and a beta of 1.69. The firm’s fifty day moving average price is $13.59 and its two-hundred day moving average price is $14.29. Bassett Furniture Industries, Incorporated has a 1 year low of $12.10 and a 1 year high of $17.89.
Bassett Furniture Industries (NASDAQ:BSET – Get Free Report) last issued its earnings results on Wednesday, July 10th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.07). Bassett Furniture Industries had a negative net margin of 4.29% and a negative return on equity of 2.30%. The firm had revenue of $83.41 million during the quarter, compared to the consensus estimate of $86.21 million.
Bassett Furniture Industries Increases Dividend
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Inspire Advisors LLC lifted its holdings in Bassett Furniture Industries by 119.5% during the 2nd quarter. Inspire Advisors LLC now owns 26,055 shares of the company’s stock valued at $370,000 after purchasing an additional 14,183 shares during the last quarter. Empowered Funds LLC raised its position in shares of Bassett Furniture Industries by 7.5% in the first quarter. Empowered Funds LLC now owns 22,593 shares of the company’s stock valued at $333,000 after purchasing an additional 1,575 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Bassett Furniture Industries during the 1st quarter worth about $224,000. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of Bassett Furniture Industries during the 4th quarter worth about $218,000. 54.40% of the stock is currently owned by institutional investors.
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.
Featured Stories
- Five stocks we like better than Bassett Furniture Industries
- Bank Stocks – Best Bank Stocks to Invest In
- Michael Burry’s Alibaba Bet and the Broader Market Implications
- Insider Trading – What You Need to Know
- Jeff Brown’s Exegesis AI Stock Picks
- How to Invest in the Best Canadian StocksÂ
- Warren Buffett’s Bet: Why Berkshire Hathaway Bought Ulta Stock
Receive News & Ratings for Bassett Furniture Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bassett Furniture Industries and related companies with MarketBeat.com's FREE daily email newsletter.