Suntrust Banks Inc. decreased its holdings in Bassett Furniture Industries, Incorporated (NASDAQ:BSET) by 5.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,488 shares of the company’s stock after selling 1,044 shares during the period. Suntrust Banks Inc. owned about 0.18% of Bassett Furniture Industries, worth $739,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Acrospire Investment Management LLC increased its holdings in shares of Bassett Furniture Industries, by 57.5% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,108 shares of the company’s stock valued at $118,000 after purchasing an additional 1,135 shares during the period. Alliancebernstein L.P. acquired a new position in shares of Bassett Furniture Industries, in the 2nd quarter valued at about $224,000. American International Group Inc. increased its holdings in shares of Bassett Furniture Industries, by 7.0% in the 1st quarter. American International Group Inc. now owns 6,329 shares of the company’s stock valued at $170,000 after purchasing an additional 414 shares during the period. Bank of America Corp DE increased its holdings in shares of Bassett Furniture Industries, by 183.8% in the 1st quarter. Bank of America Corp DE now owns 8,311 shares of the company’s stock valued at $224,000 after purchasing an additional 5,383 shares during the period. Finally, LSV Asset Management increased its holdings in shares of Bassett Furniture Industries, by 102.2% in the 2nd quarter. LSV Asset Management now owns 8,900 shares of the company’s stock valued at $337,000 after purchasing an additional 4,499 shares during the period. Institutional investors own 71.92% of the company’s stock.

Bassett Furniture Industries, Incorporated (BSET) opened at 39.35 on Friday. The stock has a 50 day moving average price of $36.64 and a 200-day moving average price of $33.19. Bassett Furniture Industries, Incorporated has a one year low of $22.55 and a one year high of $41.30. The firm has a market cap of $422.42 million, a P/E ratio of 22.98 and a beta of 1.12.

Bassett Furniture Industries, (NASDAQ:BSET) last released its quarterly earnings data on Thursday, September 28th. The company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.06. Bassett Furniture Industries, had a return on equity of 9.17% and a net margin of 4.09%. The business had revenue of $114.30 million for the quarter, compared to analysts’ expectations of $110.65 million. During the same quarter in the previous year, the business posted $0.38 EPS. Bassett Furniture Industries,’s revenue for the quarter was up 9.2% on a year-over-year basis. Analysts predict that Bassett Furniture Industries, Incorporated will post $1.76 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Friday, November 10th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Thursday, November 9th. Bassett Furniture Industries,’s dividend payout ratio (DPR) is presently 25.73%.

A number of equities analysts have recently weighed in on BSET shares. Zacks Investment Research upgraded Bassett Furniture Industries, from a “hold” rating to a “strong-buy” rating and set a $44.00 target price on the stock in a report on Tuesday, July 4th. BidaskClub downgraded Bassett Furniture Industries, from a “hold” rating to a “sell” rating in a report on Saturday, August 26th. ValuEngine upgraded Bassett Furniture Industries, from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $39.00 target price (up previously from $36.00) on shares of Bassett Furniture Industries, in a report on Saturday, September 30th.

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In other news, SVP Bruce Cohenour sold 9,900 shares of Bassett Furniture Industries, stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $38.50, for a total transaction of $381,150.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Kristina K. Cashman sold 750 shares of Bassett Furniture Industries, stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $38.08, for a total value of $28,560.00. Following the transaction, the director now owns 8,614 shares in the company, valued at approximately $328,021.12. The disclosure for this sale can be found here. Insiders have sold a total of 11,875 shares of company stock worth $457,459 in the last quarter. 6.40% of the stock is currently owned by company insiders.

Bassett Furniture Industries, 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.

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

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