Chatham Capital Group Inc. maintained its position in Bassett Furniture Industries Inc. (NASDAQ:BSET) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,665 shares of the company’s stock at the end of the first quarter. Chatham Capital Group Inc. owned 0.13% of Bassett Furniture Industries worth $368,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Royce & Associates LP raised its position in Bassett Furniture Industries by 8.7% in the fourth quarter. Royce & Associates LP now owns 980,000 shares of the company’s stock worth $29,792,000 after buying an additional 78,500 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in Bassett Furniture Industries during the third quarter worth approximately $722,000. Punch & Associates Investment Management Inc. acquired a new position in Bassett Furniture Industries during the third quarter worth approximately $674,000. Bessemer Group Inc. purchased a new position in shares of Bassett Furniture Industries during the fourth quarter worth about $740,000. Finally, Teton Advisors Inc. raised its position in shares of Bassett Furniture Industries by 15.3% in the first quarter. Teton Advisors Inc. now owns 179,905 shares of the company’s stock worth $4,839,000 after buying an additional 23,905 shares during the period. Institutional investors own 70.80% of the company’s stock.
Shares of Bassett Furniture Industries Inc. (NASDAQ:BSET) traded down 1.24% during mid-day trading on Friday, hitting $27.85. 21,692 shares of the company’s stock traded hands. Bassett Furniture Industries Inc. has a 1-year low of $22.42 and a 1-year high of $32.40. The stock has a 50 day moving average price of $29.08 and a 200-day moving average price of $28.22. The stock has a market cap of $298.55 million, a P/E ratio of 19.46 and a beta of 1.25.
Bassett Furniture Industries (NASDAQ:BSET) last posted its quarterly earnings data on Thursday, March 30th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by $0.02. The firm had revenue of $105.90 million for the quarter, compared to the consensus estimate of $108.90 million. Bassett Furniture Industries had a return on equity of 8.88% and a net margin of 3.66%. The firm’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 EPS. Equities research analysts anticipate that Bassett Furniture Industries Inc. will post $1.47 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 26th. Investors of record on Friday, May 12th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Wednesday, May 10th. Bassett Furniture Industries’s payout ratio is currently 27.40%.
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BSET has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Bassett Furniture Industries from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Monday, April 3rd. Stifel Nicolaus boosted their price objective on shares of Bassett Furniture Industries from $24.00 to $28.00 and gave the stock a “hold” rating in a report on Friday, January 20th.
In related news, SVP David C. Baker sold 6,091 shares of the firm’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $26.40, for a total value of $160,802.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.40% of the stock is currently owned by company insiders.
Bassett Furniture Industries Company Profile
Bassett Furniture Industries, Incorporated is a manufacturer, importer and retailer of home furnishings. The Company’s segments include Wholesale, Retail – Company-owned stores and Logistical services. Its wholesale home furnishings segment is involved in the design, manufacture, sourcing, sale and distribution of furniture products to a network of Bassett stores (licensee-owned stores and Company-owned stores) and independent furniture retailers.
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