Gamco Investors INC. ET AL lowered its position in shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 535,505 shares of the company’s stock after selling 4,190 shares during the period. Gamco Investors INC. ET AL owned about 4.99% of Bassett Furniture Industries, worth $16,279,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Numeric Investors LLC boosted its position in Bassett Furniture Industries, by 205.9% in the second quarter. Numeric Investors LLC now owns 142,541 shares of the company’s stock worth $3,412,000 after buying an additional 95,941 shares during the last quarter. Thomson Horstmann & Bryant Inc. boosted its position in Bassett Furniture Industries, by 6.1% in the third quarter. Thomson Horstmann & Bryant Inc. now owns 430,547 shares of the company’s stock worth $10,010,000 after buying an additional 24,830 shares during the last quarter. Strs Ohio boosted its position in Bassett Furniture Industries, by 11.0% in the third quarter. Strs Ohio now owns 25,300 shares of the company’s stock worth $588,000 after buying an additional 2,500 shares during the last quarter. Alambic Investment Management L.P. boosted its position in Bassett Furniture Industries, by 57.4% in the third quarter. Alambic Investment Management L.P. now owns 35,646 shares of the company’s stock worth $829,000 after buying an additional 13,000 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. acquired a new position in Bassett Furniture Industries, during the third quarter worth about $674,000. Institutional investors own 70.80% of the company’s stock.

Institutional Ownership by Quarter for Bassett Furniture Industries, (NASDAQ:BSET)

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) traded down 1.14% during trading on Friday, reaching $26.10. The company had a trading volume of 11,131 shares. Bassett Furniture Industries, Incorporated has a 52 week low of $22.42 and a 52 week high of $33.68. The company’s 50-day moving average is $28.31 and its 200 day moving average is $26.66. The firm has a market capitalization of $279.84 million, a price-to-earnings ratio of 17.88 and a beta of 1.25.

Bassett Furniture Industries, (NASDAQ:BSET) last announced its earnings results on Thursday, January 19th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.03. Bassett Furniture Industries, had a return on equity of 8.88% and a net margin of 3.66%. The business earned $113.80 million during the quarter, compared to analysts’ expectations of $112.79 million. During the same quarter in the prior year, the firm earned $0.52 earnings per share. The business’s revenue was down 1.6% compared to the same quarter last year. Equities analysts anticipate that Bassett Furniture Industries, Incorporated will post $1.50 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 24th. Shareholders of record on Friday, February 10th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, February 8th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.52%. Bassett Furniture Industries,’s payout ratio is currently 27.40%.

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A number of equities analysts recently issued reports on BSET shares. Zacks Investment Research upgraded Bassett Furniture Industries, from a “sell” rating to a “hold” rating in a report on Tuesday, November 29th. Stifel Nicolaus boosted their price objective on Bassett Furniture Industries, from $24.00 to $28.00 and gave the company a “hold” rating in a report on Friday, January 20th.

In other Bassett Furniture Industries, news, SVP David C. Baker sold 4,000 shares of the stock in a transaction that occurred on Wednesday, January 25th. The stock was sold at an average price of $30.43, for a total transaction of $121,720.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.40% of the stock is owned by corporate insiders.

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.

5 Day Chart for NASDAQ:BSET

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