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

Empowered Funds LLC lifted its position in shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET) by 5.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,419 shares of the company’s stock after buying an additional 1,206 shares during the period. Empowered Funds LLC owned about 0.29% of Bassett Furniture Industries worth $367,000 at the end of the most recent quarter.

Separately, Inspire Advisors LLC boosted its position in Bassett Furniture Industries by 119.5% during the 2nd quarter. Inspire Advisors LLC now owns 26,055 shares of the company’s stock worth $370,000 after acquiring an additional 14,183 shares during the last quarter. 54.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Bassett Furniture Industries Price Performance

Bassett Furniture Industries stock opened at $15.27 on Tuesday. The company has a market cap of $134.38 million, a price-to-earnings ratio of -7.83 and a beta of 1.68. The firm has a 50-day moving average of $14.51 and a 200-day moving average of $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 issued its quarterly earnings results on Wednesday, October 9th. The company reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.18). The company had revenue of $75.62 million for the quarter, compared to analyst estimates of $78.63 million. Bassett Furniture Industries had a negative net margin of 5.00% and a negative return on equity of 3.47%. During the same period last year, the company posted ($0.30) earnings per share. As a group, sell-side analysts expect that Bassett Furniture Industries, Incorporated will post -0.77 earnings per share for the current year.

Bassett Furniture Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors 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 dividend on an annualized basis and a yield of 5.24%. Bassett Furniture Industries’s payout ratio is -41.03%.

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.