Cornerstone Capital Management Holdings LLC. lowered its position in shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET) by 26.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). Gamco Investors INC. ET AL now owns 552,965 shares of the company's stock valued at $14,875,000 after buying an additional 17,460 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Bassett Furniture Industries, by 2.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 12,189 shares of the company's stock valued at $371,000 after buying an additional 77 shares during the last quarter. Royce & Associates LP now owns 980,000 shares of the company's stock valued at $29,792,000 after buying an additional 78,500 shares during the period. The company had a trading volume of 79,949 shares. Finally, Two Sigma Investments LP increased its position in shares of Bassett Furniture Industries, by 13.5% in the fourth quarter. Institutional investors and hedge funds own 71.35% of the company's stock.
(NASDAQ:BSET) shares saw heavy trading volume with 45K shares changing hands in the last trading session.
In the market the company is trading up by 0.79 percent from yesterday's close. The firm has a market capitalization of $427.08 million, a PE ratio of 23.977 and a beta of 1.11. The firm has a 50-day moving average of $30.45 and a 200-day moving average of $28.82. Bassett Furniture Industries, Incorporated has a 12-month low of $22.42 and a 12-month high of $40.55.
Bassett Furniture Industries, (NASDAQ:BSET) last posted its quarterly earnings data on Thursday, June 29th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. The business had revenue of $114.10 million during the quarter, compared to analyst estimates of $110.52 million. During the same period in the previous year, the firm earned $0.31 EPS. The business's quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts anticipate that Bassett Furniture Industries, will post $1.65 earnings per share for the current year. Stockholders of record on Friday, August 11th will be paid a $0.11 dividend. The value of the total investment in Bassett Furniture Industries, I increased from $566,000 to $692,000 a change of $126,000 quarter over quarter. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was set for Wednesday the 10th of May 2017. Bassett Furniture Industries, 's dividend payout ratio is presently 24.10%.
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Several equities analysts recently commented on the company. Zacks Investment Research upgraded shares of Bassett Furniture Industries, from a "sell" rating to a "hold" rating in a report on Tuesday, March 21st. Stifel Nicolaus upped their price objective on Bassett Furniture Industries, from $28.00 to $36.00 and gave the company a "hold" rating in a research note on Friday, June 30th.
In other Bassett Furniture Industries, news, SVP John E. Bassett III sold 3,102 shares of the stock in a transaction that occurred on Thursday, July 6th. Also, CEO Robert H. Spilman, Jr. sold 5,000 shares of the stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $40.16, for a total transaction of $200,800.00. American International Group Inc. now owns 6,329 shares of the company's stock worth $170,000 after buying an additional 414 shares during the last quarter. 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. Company-owned stores and Logistical services. With over one hundred and thirty Bassett Furniture Direct stores, Bassett has leveraged its brand name in furniture with a network of licensed and Company-owned stores that focus on providing consumers with a friendly and professional environment for buying furniture and accessories.