American Century Companies Inc. Sells 1,279 Shares of Bassett Furniture Industries, Incorporated $BSET

American Century Companies Inc. reduced its position in shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET) by 2.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 60,202 shares of the company’s stock after selling 1,279 shares during the period. American Century Companies Inc. owned 0.69% of Bassett Furniture Industries worth $918,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bank of New York Mellon Corp boosted its holdings in shares of Bassett Furniture Industries by 192.9% during the 1st quarter. Bank of New York Mellon Corp now owns 71,138 shares of the company’s stock worth $1,085,000 after buying an additional 46,847 shares during the period. Gate City Capital Management LLC grew its position in shares of Bassett Furniture Industries by 59.7% in the fourth quarter. Gate City Capital Management LLC now owns 147,527 shares of the company’s stock valued at $2,040,000 after purchasing an additional 55,130 shares during the last quarter. Truffle Hound Capital LLC grew its position in shares of Bassett Furniture Industries by 49.3% in the first quarter. Truffle Hound Capital LLC now owns 298,520 shares of the company’s stock valued at $4,552,000 after purchasing an additional 98,520 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Bassett Furniture Industries in the fourth quarter valued at about $158,000. 54.40% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP John E. Bassett III sold 2,000 shares of the stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $18.56, for a total value of $37,120.00. Following the completion of the transaction, the senior vice president owned 50,761 shares in the company, valued at approximately $942,124.16. This represents a 3.79% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 7.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BSET. Wall Street Zen downgraded Bassett Furniture Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. Zacks Research downgraded Bassett Furniture Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Bassett Furniture Industries has a consensus rating of “Hold”.

Bassett Furniture Industries Price Performance

Shares of Bassett Furniture Industries stock opened at $16.84 on Friday. Bassett Furniture Industries, Incorporated has a fifty-two week low of $13.14 and a fifty-two week high of $19.75. The firm has a fifty day moving average price of $16.89 and a two-hundred day moving average price of $16.48. The company has a market cap of $146.34 million, a PE ratio of 58.07, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98.

Bassett Furniture Industries (NASDAQ:BSET) last issued its quarterly earnings results on Wednesday, July 9th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.07. Bassett Furniture Industries had a net margin of 0.76% and a return on equity of 1.48%. The firm had revenue of $84.35 million during the quarter, compared to the consensus estimate of $82.03 million. During the same period in the prior year, the firm earned ($0.19) EPS. Analysts expect that Bassett Furniture Industries, Incorporated will post 0.75 earnings per share for the current fiscal year.

Bassett Furniture Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.80 dividend on an annualized basis and a yield of 4.8%. Bassett Furniture Industries’s dividend payout ratio is 275.86%.

Bassett Furniture Industries Company 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.