Bassett Furniture Industries, Incorporated (NASDAQ:BSET) SVP Bruce Cohenour sold 9,900 shares of Bassett Furniture Industries, stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $38.50, for a total transaction of $381,150.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Bassett Furniture Industries, Incorporated (BSET) opened at 39.40 on Thursday. The company has a 50-day moving average of $36.43 and a 200 day moving average of $33.06. The firm has a market cap of $422.96 million, a P/E ratio of 23.01 and a beta of 1.12. Bassett Furniture Industries, Incorporated has a 52-week low of $22.55 and a 52-week high of $41.30.

Bassett Furniture Industries, (NASDAQ:BSET) last issued its quarterly earnings results on Thursday, September 28th. The company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.06. The company had revenue of $114.30 million for the quarter, compared to analysts’ expectations of $110.65 million. Bassett Furniture Industries, had a return on equity of 9.17% and a net margin of 4.09%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 earnings per share. On average, equities analysts expect that Bassett Furniture Industries, Incorporated will post $1.66 earnings per share for the current year.

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Hedge funds have recently modified their holdings of the stock. Acrospire Investment Management LLC grew its stake in Bassett Furniture Industries, by 57.5% in the second quarter. Acrospire Investment Management LLC now owns 3,108 shares of the company’s stock worth $118,000 after purchasing an additional 1,135 shares during the period. American International Group Inc. grew its stake in shares of Bassett Furniture Industries, by 7.0% in the first quarter. American International Group Inc. now owns 6,329 shares of the company’s stock worth $170,000 after acquiring an additional 414 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Bassett Furniture Industries, in the second quarter worth $206,000. Bank of America Corp DE grew its stake in shares of Bassett Furniture Industries, by 183.8% in the first quarter. Bank of America Corp DE now owns 8,311 shares of the company’s stock worth $224,000 after acquiring an additional 5,383 shares during the last quarter. Finally, Alliancebernstein L.P. purchased a new stake in shares of Bassett Furniture Industries, in the second quarter worth $224,000. 71.92% of the stock is currently owned by institutional investors.

Several analysts recently issued reports on the stock. Zacks Investment Research raised shares of Bassett Furniture Industries, from a “hold” rating to a “strong-buy” rating and set a $44.00 price target for the company in a research report on Tuesday, July 4th. ValuEngine downgraded shares of Bassett Furniture Industries, from a “buy” rating to a “hold” rating in a research report on Monday. Stifel Nicolaus reissued a “hold” rating and issued a $39.00 price target (up previously from $36.00) on shares of Bassett Furniture Industries, in a research report on Saturday, September 30th. Finally, BidaskClub downgraded shares of Bassett Furniture Industries, from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th.

Bassett Furniture Industries, Company Profile

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.

Insider Buying and Selling by Quarter for Bassett Furniture Industries, (NASDAQ:BSET)

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