Barclays PLC Increases Position in Bassett Furniture Industries, Incorporated (NASDAQ:BSET)

Barclays PLC lifted its holdings in shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET) by 51.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,124 shares of the company’s stock after acquiring an additional 3,459 shares during the quarter. Barclays PLC owned 0.12% of Bassett Furniture Industries worth $146,000 at the end of the most recent quarter.

Separately, Empowered Funds LLC grew its stake in Bassett Furniture Industries by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 25,419 shares of the company’s stock valued at $367,000 after purchasing an additional 1,206 shares during the period. 54.40% of the stock is currently owned by hedge funds and other institutional investors.

Bassett Furniture Industries Stock Down 0.8 %

BSET opened at $13.85 on Wednesday. Bassett Furniture Industries, Incorporated has a twelve month low of $12.10 and a twelve month high of $16.50. The company’s 50-day moving average price is $14.50 and its two-hundred day moving average price is $14.01. The stock has a market cap of $121.89 million, a price-to-earnings ratio of -7.10, a PEG ratio of 1.07 and a beta of 1.69.

Bassett Furniture Industries (NASDAQ:BSET) last posted its quarterly earnings data on Wednesday, October 9th. The company reported ($0.52) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $75.62 million during the quarter, compared to analysts’ expectations of $78.63 million. During the same quarter in the previous year, the company posted ($0.30) EPS. As a group, sell-side analysts anticipate that Bassett Furniture Industries, Incorporated will post -0.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Bassett Furniture Industries from a “buy” rating to a “hold” rating in a research note on Friday, December 20th.

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.