Aegis Financial Corp Boosts Stock Holdings in Bassett Furniture Industries, Incorporated $BSET

Aegis Financial Corp lifted its stake in Bassett Furniture Industries, Incorporated (NASDAQ:BSET) by 5.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 526,997 shares of the company’s stock after buying an additional 25,878 shares during the period. Bassett Furniture Industries makes up approximately 1.3% of Aegis Financial Corp’s holdings, making the stock its 20th largest holding. Aegis Financial Corp owned about 6.09% of Bassett Furniture Industries worth $7,457,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Hsbc Holdings PLC bought a new position in shares of Bassett Furniture Industries in the fourth quarter worth approximately $465,000. Nalls Sherbakoff Group LLC purchased a new stake in Bassett Furniture Industries during the 4th quarter valued at $46,000. Invesco Ltd. purchased a new stake in Bassett Furniture Industries during the 4th quarter valued at $175,000. Empowered Funds LLC grew its holdings in Bassett Furniture Industries by 10.1% in the 4th quarter. Empowered Funds LLC now owns 38,544 shares of the company’s stock worth $646,000 after acquiring an additional 3,543 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its holdings in Bassett Furniture Industries by 10.5% in the 4th quarter. Bridgeway Capital Management LLC now owns 91,786 shares of the company’s stock worth $1,538,000 after acquiring an additional 8,743 shares during the last quarter. 54.40% of the stock is currently owned by hedge funds and other institutional investors.

Bassett Furniture Industries Trading Down 1.2%

BSET opened at $20.59 on Thursday. The stock has a fifty day simple moving average of $16.97 and a two-hundred day simple moving average of $15.73. The company has a market cap of $178.31 million, a price-to-earnings ratio of 32.17, a price-to-earnings-growth ratio of 1.46 and a beta of 0.76. Bassett Furniture Industries, Incorporated has a 12-month low of $13.17 and a 12-month high of $22.26.

Bassett Furniture Industries (NASDAQ:BSET) last announced its earnings results on Wednesday, July 1st. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. Bassett Furniture Industries had a net margin of 1.65% and a return on equity of 3.56%. The firm had revenue of $83.75 million for the quarter, compared to analysts’ expectations of $83.32 million. During the same quarter in the previous year, the business posted $0.22 EPS. On average, analysts predict that Bassett Furniture Industries, Incorporated will post 0.89 EPS for the current year.

Bassett Furniture Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, August 14th. Bassett Furniture Industries’s dividend payout ratio is 125.00%.

Analyst Ratings Changes

BSET has been the subject of several recent analyst reports. Weiss Ratings raised shares of Bassett Furniture Industries from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 14th. Zacks Research raised Bassett Furniture Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Finally, Wall Street Zen upgraded Bassett Furniture Industries from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Bassett Furniture Industries has an average rating of “Buy”.

About Bassett Furniture Industries

Bassett Furniture Industries, Inc (NASDAQ: BSET), headquartered in Bassett, Virginia, is a vertically integrated manufacturer and retailer of residential home furnishings. The company designs, produces and markets a range of furniture items, including upholstered seating, wood case goods, bedroom collections, dining room sets and home décor accessories. Bassett is known for its emphasis on craftsmanship, offering both ready-to-assemble pieces and made-to-order products that cater to varying design preferences and space requirements.

Bassett’s products are sold through a dual-channel distribution network comprising company-owned Bassett Home Furnishings stores, a franchise and independent dealer network, and an e-commerce platform that provides online shopping, virtual design consultations and customization tools.