Aristides Capital LLC Purchases 5,935 Shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET)

Aristides Capital LLC grew its position in shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET) by 16.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,111 shares of the company’s stock after purchasing an additional 5,935 shares during the period. Aristides Capital LLC owned about 0.49% of Bassett Furniture Industries worth $596,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC lifted its position in Bassett Furniture Industries by 51.9% in the 3rd quarter. Barclays PLC now owns 10,124 shares of the company’s stock worth $146,000 after buying an additional 3,459 shares during the last quarter. FourThought Financial Partners LLC purchased a new stake in shares of Bassett Furniture Industries in the 4th quarter valued at $180,000. Empowered Funds LLC grew its holdings in shares of Bassett Furniture Industries by 4.5% during the 4th quarter. Empowered Funds LLC now owns 26,554 shares of the company’s stock valued at $367,000 after purchasing an additional 1,135 shares during the last quarter. Finally, Truffle Hound Capital LLC bought a new position in shares of Bassett Furniture Industries during the 4th quarter valued at $2,766,000. 54.40% of the stock is currently owned by hedge funds and other institutional investors.

Bassett Furniture Industries Price Performance

BSET opened at $15.22 on Friday. The stock’s 50 day simple moving average is $15.17 and its 200 day simple moving average is $14.65. The firm has a market cap of $133.75 million, a price-to-earnings ratio of -13.84, a PEG ratio of 1.29 and a beta of 1.35. Bassett Furniture Industries, Incorporated has a 1 year low of $12.11 and a 1 year high of $16.20.

Bassett Furniture Industries (NASDAQ:BSET) last issued its earnings results on Wednesday, April 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.19. The firm had revenue of $82.16 million for the quarter, compared to analysts’ expectations of $79.71 million. Bassett Furniture Industries had a negative net margin of 2.94% and a negative return on equity of 2.44%. During the same quarter last year, the business earned ($0.14) earnings per share. As a group, sell-side analysts anticipate that Bassett Furniture Industries, Incorporated will post 0.75 EPS for the current year.

Bassett Furniture Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.26%. The ex-dividend date is Friday, May 16th. Bassett Furniture Industries’s dividend payout ratio (DPR) is -72.73%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Bassett Furniture Industries from a “hold” rating to a “buy” rating in a research report on Friday, January 31st.

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.