Thomson Horstmann & Bryant Inc. grew its position in Bassett Furniture Industries Inc. (NASDAQ:BSET) by 2.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 360,586 shares of the company’s stock after purchasing an additional 8,330 shares during the period. Bassett Furniture Industries comprises approximately 1.8% of Thomson Horstmann & Bryant Inc.’s holdings, making the stock its 6th biggest holding. Thomson Horstmann & Bryant Inc.’s holdings in Bassett Furniture Industries were worth $13,558,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. California Public Employees Retirement System boosted its stake in shares of Bassett Furniture Industries by 8.6% in the 2nd quarter. California Public Employees Retirement System now owns 51,700 shares of the company’s stock valued at $1,962,000 after purchasing an additional 4,100 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Bassett Furniture Industries by 25.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 18,849 shares of the company’s stock valued at $715,000 after purchasing an additional 3,855 shares in the last quarter. Voya Investment Management LLC acquired a new stake in shares of Bassett Furniture Industries in the 2nd quarter valued at $272,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Bassett Furniture Industries in the 3rd quarter valued at $1,082,000. Finally, First Trust Advisors LP acquired a new stake in shares of Bassett Furniture Industries in the 3rd quarter valued at $300,000. Institutional investors own 71.83% of the company’s stock.

Several brokerages have recently commented on BSET. Stifel Nicolaus restated a “hold” rating and issued a $39.00 target price (up previously from $36.00) on shares of Bassett Furniture Industries in a research note on Saturday, September 30th. ValuEngine downgraded shares of Bassett Furniture Industries from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. BidaskClub downgraded shares of Bassett Furniture Industries from a “sell” rating to a “strong sell” rating in a research note on Saturday. Finally, Zacks Investment Research upgraded shares of Bassett Furniture Industries from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Thursday, December 28th.

Shares of Bassett Furniture Industries Inc. (NASDAQ BSET) traded down $0.30 during midday trading on Wednesday, reaching $35.75. 47,100 shares of the company traded hands, compared to its average volume of 49,583. The firm has a market cap of $389.15, a P/E ratio of 20.91 and a beta of 1.05. Bassett Furniture Industries Inc. has a 1-year low of $24.90 and a 1-year high of $41.30.

The business also recently declared a special dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a dividend of $0.35 per share. This is an increase from Bassett Furniture Industries’s previous special dividend of $0.30. The ex-dividend date of this dividend was Thursday, November 30th. This represents a yield of 1.17%. Bassett Furniture Industries’s dividend payout ratio is 25.73%.

In related news, insider Jay R. Hervey sold 650 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $39.19, for a total transaction of $25,473.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John E. Bassett III sold 2,000 shares of the company’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $40.25, for a total transaction of $80,500.00. The disclosure for this sale can be found here. 6.40% of the stock is owned by corporate insiders.

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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.

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

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