Bassett Furniture Industries (NASDAQ:BSET) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.33 and traded as high as $15.93. Bassett Furniture Industries shares last traded at $15.74, with a volume of 10,475 shares changing hands.

Analyst Ratings Changes

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

Bassett Furniture Industries Stock Performance

The firm has a market cap of $135.77 million, a price-to-earnings ratio of -14.05, a price-to-earnings-growth ratio of 1.29 and a beta of 1.67. The firm has a 50-day moving average price of $14.49 and a two-hundred day moving average price of $14.35.

Bassett Furniture Industries (NASDAQ:BSET) last issued its earnings results on Wednesday, January 29th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.33. Bassett Furniture Industries had a negative return on equity of 2.44% and a negative net margin of 2.94%. Research analysts anticipate that Bassett Furniture Industries, Incorporated will post 0.75 earnings per share for the current year.

Bassett Furniture Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.18%. The ex-dividend date of this dividend was Friday, February 14th. Bassett Furniture Industries’s dividend payout ratio (DPR) is presently -72.73%.

Institutional Investors Weigh In On Bassett Furniture Industries

Several hedge funds and other institutional investors have recently made changes to their positions in BSET. Gate City Capital Management LLC grew its stake in Bassett Furniture Industries by 59.7% during the 4th quarter. Gate City Capital Management LLC now owns 147,527 shares of the company’s stock worth $2,040,000 after buying an additional 55,130 shares during the last quarter. Jane Street Group LLC purchased a new position in Bassett Furniture Industries during the 4th quarter worth approximately $158,000. Aristides Capital LLC grew its stake in Bassett Furniture Industries by 16.0% during the 4th quarter. Aristides Capital LLC now owns 43,111 shares of the company’s stock worth $596,000 after buying an additional 5,935 shares during the last quarter. Truffle Hound Capital LLC purchased a new position in Bassett Furniture Industries during the 4th quarter worth approximately $2,766,000. Finally, FourThought Financial Partners LLC purchased a new position in Bassett Furniture Industries during the 4th quarter worth approximately $180,000. Institutional investors and hedge funds own 54.40% of the company’s stock.

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.