Empowered Funds LLC Buys 1,206 Shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET)

Empowered Funds LLC grew its stake in Bassett Furniture Industries, Incorporated (NASDAQ:BSET) by 5.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 25,419 shares of the company’s stock after acquiring an additional 1,206 shares during the period. Empowered Funds LLC’s holdings in Bassett Furniture Industries were worth $367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Inspire Advisors LLC raised its holdings in Bassett Furniture Industries by 119.5% in the 2nd quarter. Inspire Advisors LLC now owns 26,055 shares of the company’s stock valued at $370,000 after acquiring an additional 14,183 shares during the period. 54.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut Bassett Furniture Industries from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th.

Bassett Furniture Industries Price Performance

Shares of NASDAQ BSET opened at $15.27 on Tuesday. The firm has a market cap of $134.38 million, a price-to-earnings ratio of -7.83 and a beta of 1.68. The stock’s fifty day moving average price is $14.51 and its two-hundred day moving average price is $13.99. Bassett Furniture Industries, Incorporated has a one year low of $12.10 and a one year high of $17.89.

Bassett Furniture Industries (NASDAQ:BSET) last announced its earnings results on Wednesday, October 9th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.18). Bassett Furniture Industries had a negative net margin of 5.00% and a negative return on equity of 3.47%. The business had revenue of $75.62 million during the quarter, compared to the consensus estimate of $78.63 million. During the same period in the previous year, the firm posted ($0.30) EPS. On average, equities analysts anticipate that Bassett Furniture Industries, Incorporated will post -0.77 earnings per share for the current fiscal year.

Bassett Furniture Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.80 annualized dividend and a dividend yield of 5.24%. Bassett Furniture Industries’s dividend payout ratio is presently -41.03%.

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.