Bassett Furniture Industries Inc. (BSET) to Issue Quarterly Dividend of $0.10
Bassett Furniture Industries Inc. (NASDAQ:BSET) declared a quarterly dividend on Thursday, October 6th. Investors of record on Friday, November 11th will be paid a dividend of 0.10 per share on Friday, November 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.58%.
Bassett Furniture Industries (NASDAQ:BSET) opened at 25.29 on Friday. Bassett Furniture Industries has a 12 month low of $22.42 and a 12 month high of $33.68. The company has a 50 day moving average price of $24.68 and a 200-day moving average price of $27.31. The company has a market cap of $273.16 million, a PE ratio of 16.75 and a beta of 1.03.
Bassett Furniture Industries (NASDAQ:BSET) last announced its quarterly earnings data on Thursday, September 29th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by $0.01. The business earned $104.70 million during the quarter. Bassett Furniture Industries had a net margin of 3.80% and a return on equity of 9.42%. Bassett Furniture Industries’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.40 EPS. Equities analysts predict that Bassett Furniture Industries will post $1.42 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Prudential Financial Inc. increased its position in shares of Bassett Furniture Industries by 131.8% in the second quarter. Prudential Financial Inc. now owns 27,440 shares of the company’s stock worth $657,000 after buying an additional 15,600 shares during the period. Vanguard Group Inc. boosted its position in shares of Bassett Furniture Industries by 2.3% in the second quarter. Vanguard Group Inc. now owns 461,674 shares of the company’s stock worth $11,053,000 after buying an additional 10,551 shares in the last quarter. BlackRock Investment Management LLC boosted its position in shares of Bassett Furniture Industries by 5.2% in the second quarter. BlackRock Investment Management LLC now owns 42,226 shares of the company’s stock worth $1,011,000 after buying an additional 2,080 shares in the last quarter. Deere & Co. purchased a new position in shares of Bassett Furniture Industries during the second quarter worth approximately $237,000. Finally, TFS Capital LLC boosted its position in shares of Bassett Furniture Industries by 47.4% in the second quarter. TFS Capital LLC now owns 11,984 shares of the company’s stock worth $287,000 after buying an additional 3,853 shares in the last quarter. Hedge funds and other institutional investors own 71.64% of the company’s stock.
Separately, Zacks Investment Research downgraded Bassett Furniture Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, July 4th.
About Bassett Furniture Industries
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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