Gamco Investors INC. ET AL lowered its position in shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET) by 0.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 535,505 shares of the company’s stock after selling 4,190 shares during the period. Gamco Investors INC. ET AL’s holdings in Bassett Furniture Industries, were worth $16,279,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Royce & Associates LP boosted its position in shares of Bassett Furniture Industries, by 8.7% in the fourth quarter. Royce & Associates LP now owns 980,000 shares of the company’s stock worth $29,792,000 after buying an additional 78,500 shares during the last quarter. Thomson Horstmann & Bryant Inc. boosted its position in shares of Bassett Furniture Industries, by 6.1% in the third quarter. Thomson Horstmann & Bryant Inc. now owns 430,547 shares of the company’s stock worth $10,010,000 after buying an additional 24,830 shares during the last quarter. State Street Corp boosted its position in shares of Bassett Furniture Industries, by 2.4% in the fourth quarter. State Street Corp now owns 164,343 shares of the company’s stock worth $4,993,000 after buying an additional 3,832 shares during the last quarter. Numeric Investors LLC boosted its position in shares of Bassett Furniture Industries, by 205.9% in the second quarter. Numeric Investors LLC now owns 142,541 shares of the company’s stock worth $3,412,000 after buying an additional 95,941 shares during the last quarter. Finally, Matarin Capital Management LLC purchased a new position in shares of Bassett Furniture Industries, during the third quarter worth approximately $878,000. 70.80% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Bassett Furniture Industries, (NASDAQ:BSET)

Shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET) traded down 1.14% during trading on Friday, hitting $26.10. The company’s stock had a trading volume of 11,131 shares. The stock has a market cap of $279.84 million, a PE ratio of 17.88 and a beta of 1.25. Bassett Furniture Industries, Incorporated has a one year low of $22.42 and a one year high of $33.68. The company has a 50-day moving average price of $28.31 and a 200-day moving average price of $26.66.

Bassett Furniture Industries, (NASDAQ:BSET) last released its quarterly earnings results on Thursday, January 19th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.03. Bassett Furniture Industries, had a return on equity of 8.88% and a net margin of 3.66%. The firm had revenue of $113.80 million for the quarter, compared to analyst estimates of $112.79 million. During the same quarter last year, the company posted $0.52 earnings per share. The business’s revenue was down 1.6% on a year-over-year basis. Equities analysts predict that Bassett Furniture Industries, Incorporated will post $1.50 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 24th. Investors of record on Friday, February 10th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Wednesday, February 8th. Bassett Furniture Industries,’s dividend payout ratio is currently 27.40%.

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BSET has been the subject of a number of research analyst reports. Zacks Investment Research raised Bassett Furniture Industries, from a “sell” rating to a “hold” rating in a report on Tuesday, November 29th. Stifel Nicolaus increased their target price on Bassett Furniture Industries, from $24.00 to $28.00 and gave the company a “hold” rating in a report on Friday, January 20th.

In related news, SVP David C. Baker sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, January 25th. The stock was sold at an average price of $30.43, for a total transaction of $121,720.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 6.40% of the company’s stock.

About Bassett Furniture Industries,

Bassett Furniture Industries, Incorporated is a manufacturer, importer and retailer of home furnishings. The Company’s segments include Wholesale, Retail – Company-owned stores and Logistical services. 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.

5 Day Chart for NASDAQ:BSET

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