Westhampton Capital LLC cut its holdings in shares of Bassett Furniture Industries Inc. (NASDAQ:BSET) by 5.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,778 shares of the company’s stock after selling 2,000 shares during the period. Westhampton Capital LLC owned approximately 0.36% of Bassett Furniture Industries worth $563,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Panagora Asset Management Inc. bought a new stake in Bassett Furniture Industries in the 2nd quarter worth about $28,000. Russell Investments Group Ltd. grew its position in Bassett Furniture Industries by 14.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 21,474 shares of the company’s stock worth $327,000 after purchasing an additional 2,643 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Bassett Furniture Industries by 35.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 27,045 shares of the company’s stock worth $413,000 after purchasing an additional 7,036 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in Bassett Furniture Industries by 10.2% in the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 27,154 shares of the company’s stock worth $414,000 after purchasing an additional 2,520 shares in the last quarter. Finally, Strs Ohio grew its position in Bassett Furniture Industries by 21.2% in the 2nd quarter. Strs Ohio now owns 37,700 shares of the company’s stock worth $574,000 after purchasing an additional 6,600 shares in the last quarter. 72.56% of the stock is owned by institutional investors.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Bassett Furniture Industries from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Wednesday. ValuEngine raised shares of Bassett Furniture Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd.
BSET stock traded up $0.17 during trading on Thursday, reaching $14.60. The stock had a trading volume of 954 shares, compared to its average volume of 33,713. Bassett Furniture Industries Inc. has a one year low of $11.64 and a one year high of $21.95. The company’s 50 day moving average is $14.11 and its two-hundred day moving average is $14.64. The company has a market capitalization of $143.67 million, a price-to-earnings ratio of 14.97, a P/E/G ratio of 1.60 and a beta of 0.80.
Bassett Furniture Industries (NASDAQ:BSET) last released its earnings results on Thursday, October 3rd. The company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.03. Bassett Furniture Industries had a net margin of 1.12% and a return on equity of 3.00%. The firm had revenue of $109.42 million during the quarter, compared to the consensus estimate of $110.38 million. Equities research analysts anticipate that Bassett Furniture Industries Inc. will post 0.56 EPS for the current year.
About Bassett Furniture Industries
Bassett Furniture Industries, Incorporated manufactures, markets, and retails home furnishings in the United States and internationally. It operates in three segments: Wholesale, Retail, and Logistical Services. The company engages in the design, manufacture, sourcing, distribution, and sale of furniture products to a network of company-owned and licensee-owned Bassett Home Furnishings retail stores, as well as independent furniture retailers; and wood and upholstery operations.
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