FourThought Financial Partners LLC Invests $180,000 in Bassett Furniture Industries, Incorporated (NASDAQ:BSET)

FourThought Financial Partners LLC acquired a new stake in shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,047 shares of the company’s stock, valued at approximately $180,000.

Separately, Barclays PLC grew its position in Bassett Furniture Industries by 51.9% during the third quarter. Barclays PLC now owns 10,124 shares of the company’s stock valued at $146,000 after acquiring an additional 3,459 shares during the last quarter. 54.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Bassett Furniture Industries from a “hold” rating to a “buy” rating in a research note on Friday, January 31st.

Bassett Furniture Industries Trading Up 2.1 %

Shares of NASDAQ:BSET opened at $15.55 on Thursday. The stock has a market capitalization of $136.65 million, a P/E ratio of -14.14, a price-to-earnings-growth ratio of 1.29 and a beta of 1.67. Bassett Furniture Industries, Incorporated has a 12-month low of $12.10 and a 12-month high of $15.96. The stock’s 50-day moving average price is $14.24 and its 200-day moving average price is $14.22.

Bassett Furniture Industries (NASDAQ:BSET) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.33. Bassett Furniture Industries had a negative net margin of 2.94% and a negative return on equity of 2.44%. As a group, research analysts predict that Bassett Furniture Industries, Incorporated will post 0.75 EPS for the current year.

Bassett Furniture Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.14%. The ex-dividend date of this dividend is Friday, February 14th. Bassett Furniture Industries’s dividend payout ratio (DPR) is presently -72.73%.

Bassett Furniture Industries Profile

Bassett Furniture Industries, Incorporated, together with its subsidiaries, manufactures, markets, and retails home furnishings in the United States and internationally. It operates in three segments: Wholesale, Retail Company-Owned Stores, and Corporate and Other. The company engages in the design, manufacture, sourcing, sale, and distribution of furniture products, including dining, bedroom and bedding, home decorations, rugs, and outdoor furniture to a network of company-owned retail stores, licensee-owned stores, and independent retailers.