Bassett Furniture Industries, Incorporated $BSET Shares Sold by Truffle Hound Capital LLC

Truffle Hound Capital LLC cut its holdings in Bassett Furniture Industries, Incorporated (NASDAQ:BSET) by 25.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 150,000 shares of the company’s stock after selling 50,000 shares during the quarter. Bassett Furniture Industries comprises 0.7% of Truffle Hound Capital LLC’s holdings, making the stock its 29th largest position. Truffle Hound Capital LLC owned 1.73% of Bassett Furniture Industries worth $2,346,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of BSET. Los Angeles Capital Management LLC purchased a new position in shares of Bassett Furniture Industries in the 2nd quarter valued at approximately $274,000. Ritholtz Wealth Management acquired a new position in Bassett Furniture Industries during the 2nd quarter valued at approximately $235,000. Hillsdale Investment Management Inc. purchased a new position in shares of Bassett Furniture Industries in the second quarter worth $247,000. Geode Capital Management LLC grew its holdings in shares of Bassett Furniture Industries by 114.3% during the second quarter. Geode Capital Management LLC now owns 190,182 shares of the company’s stock valued at $2,892,000 after buying an additional 101,448 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its position in shares of Bassett Furniture Industries by 12.4% in the 2nd quarter. Bridgeway Capital Management LLC now owns 79,434 shares of the company’s stock valued at $1,207,000 after acquiring an additional 8,747 shares during the period. Hedge funds and other institutional investors own 54.40% of the company’s stock.

Bassett Furniture Industries Trading Down 1.3%

Shares of BSET stock opened at $15.99 on Friday. Bassett Furniture Industries, Incorporated has a twelve month low of $13.96 and a twelve month high of $19.75. The stock has a market cap of $138.31 million, a P/E ratio of 22.84, a P/E/G ratio of 1.01 and a beta of 0.99. The stock has a 50 day moving average of $16.46 and a 200 day moving average of $16.00.

Bassett Furniture Industries (NASDAQ:BSET) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.07). The firm had revenue of $88.67 million for the quarter, compared to analyst estimates of $86.90 million. Bassett Furniture Industries had a return on equity of 3.91% and a net margin of 1.82%. On average, research analysts predict that Bassett Furniture Industries, Incorporated will post 0.75 earnings per share for the current fiscal year.

Bassett Furniture Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.80 dividend on an annualized basis and a yield of 5.0%. Bassett Furniture Industries’s payout ratio is presently 114.29%.

Analyst Ratings Changes

Several research firms have weighed in on BSET. Weiss Ratings reiterated a “hold (c)” rating on shares of Bassett Furniture Industries in a research note on Wednesday, January 21st. Zacks Research downgraded shares of Bassett Furniture Industries from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Finally, Wall Street Zen cut shares of Bassett Furniture Industries from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Bassett Furniture Industries presently has an average rating of “Hold”.

Bassett Furniture Industries Profile

Bassett Furniture Industries, Inc (NASDAQ: BSET), headquartered in Bassett, Virginia, is a vertically integrated manufacturer and retailer of residential home furnishings. The company designs, produces and markets a range of furniture items, including upholstered seating, wood case goods, bedroom collections, dining room sets and home décor accessories. Bassett is known for its emphasis on craftsmanship, offering both ready-to-assemble pieces and made-to-order products that cater to varying design preferences and space requirements.

Bassett’s products are sold through a dual-channel distribution network comprising company-owned Bassett Home Furnishings stores, a franchise and independent dealer network, and an e-commerce platform that provides online shopping, virtual design consultations and customization tools.