Barclays PLC Buys 3,459 Shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET)

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

Separately, Empowered Funds LLC increased its holdings in shares of Bassett Furniture Industries by 5.0% in the third quarter. Empowered Funds LLC now owns 25,419 shares of the company’s stock worth $367,000 after purchasing an additional 1,206 shares during the last quarter. 54.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Bassett Furniture Industries Stock Performance

Shares of NASDAQ BSET opened at $13.88 on Thursday. The firm has a market capitalization of $122.14 million, a price-to-earnings ratio of -7.12, a PEG ratio of 1.08 and a beta of 1.69. The stock has a 50 day moving average price of $14.31 and a 200 day moving average price of $14.00. Bassett Furniture Industries, Incorporated has a 52-week low of $12.10 and a 52-week high of $16.50.

Bassett Furniture Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date of this dividend is Friday, February 14th. Bassett Furniture Industries’s dividend payout ratio (DPR) is -41.03%.

Bassett Furniture Industries Company 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.