Bassett Furniture Industries, Incorporated (NASDAQ:BSET) Short Interest Update

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 39,000 shares, a decline of 7.6% from the December 31st total of 42,200 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily volume of 13,200 shares, the days-to-cover ratio is currently 3.0 days.

Institutional Trading of Bassett Furniture Industries

A hedge fund recently raised its stake in Bassett Furniture Industries stock. Barclays PLC boosted its holdings in shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET) by 51.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,124 shares of the company’s stock after purchasing an additional 3,459 shares during the quarter. Barclays PLC owned approximately 0.12% of Bassett Furniture Industries worth $146,000 at the end of the most recent quarter. Institutional investors own 54.40% of the company’s stock.

Bassett Furniture Industries Trading Down 3.2 %

BSET stock traded down $0.46 during midday trading on Monday, reaching $14.10. The stock had a trading volume of 27,661 shares, compared to its average volume of 18,055. The company has a market cap of $124.08 million, a price-to-earnings ratio of -12.82, a price-to-earnings-growth ratio of 1.21 and a beta of 1.67. Bassett Furniture Industries has a 52-week low of $12.10 and a 52-week high of $15.96. The company’s fifty day simple moving average is $14.23 and its 200 day simple moving average is $14.03.

Bassett Furniture Industries (NASDAQ:BSET) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.33. Bassett Furniture Industries had a negative return on equity of 2.42% and a negative net margin of 2.94%. Sell-side analysts predict that Bassett Furniture Industries will post 0.75 EPS for the current year.

Bassett Furniture Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.80 annualized dividend and a dividend yield of 5.67%. Bassett Furniture Industries’s dividend payout ratio is presently -72.73%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Bassett Furniture Industries from a “hold” rating to a “buy” rating in a report on Friday.

About Bassett Furniture Industries

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.