Bassett Furniture Industries (NASDAQ:BSET) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, ValuEngine reports.
Separately, Zacks Investment Research lowered shares of Bassett Furniture Industries from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th.
BSET opened at $14.85 on Tuesday. The firm has a market capitalization of $152.26 million, a P/E ratio of 15.31, a price-to-earnings-growth ratio of 1.75 and a beta of 0.71. The stock’s 50 day moving average price is $15.37 and its two-hundred day moving average price is $14.21. Bassett Furniture Industries has a 12-month low of $11.64 and a 12-month high of $21.95.
Several large investors have recently bought and sold shares of the company. Foundry Partners LLC bought a new stake in shares of Bassett Furniture Industries in the third quarter valued at about $2,851,000. Westhampton Capital LLC acquired a new position in Bassett Furniture Industries in the 2nd quarter valued at approximately $591,000. Renaissance Technologies LLC raised its holdings in Bassett Furniture Industries by 3.2% in the 2nd quarter. Renaissance Technologies LLC now owns 761,300 shares of the company’s stock valued at $11,610,000 after acquiring an additional 23,884 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in shares of Bassett Furniture Industries by 2.5% in the 2nd quarter. Gamco Investors INC. ET AL now owns 913,689 shares of the company’s stock worth $13,934,000 after acquiring an additional 22,004 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in shares of Bassett Furniture Industries by 49.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 49,846 shares of the company’s stock worth $763,000 after acquiring an additional 16,548 shares during the period. Institutional investors own 69.22% of the company’s stock.
About Bassett Furniture Industries
Bassett Furniture Industries, Incorporated manufactures, markets, and retails home furnishings in the United States and internationally. It operates in three segments: Wholesale, Retail, and Logistical Services. The company engages in the design, manufacture, sourcing, distribution, and sale of furniture products to a network of company-owned and licensee-owned Bassett Home Furnishings retail stores, as well as independent furniture retailers; and wood and upholstery operations.
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