Insider Buy: Bassett Furniture Industries, Incorporated (NASDAQ:BSET) CEO buys 5,000 shares

[ad_1]

Bassett Furniture Industries, Incorporated (NASDAQ:BSET – Get Rating) CEO Robert H. Spilman, Jr. purchased 5,000 shares of the company in a trade dated Friday, October 7. The shares were acquired at an average price of $15.58 per share, with a total value of $77,900.00. As a result of the transaction, the CEO now owns 258,331 shares of the company, valued at approximately $4,024,796.98. The transaction was disclosed in a legal filing with the SEC, accessible via this link.

Bassett Furniture Industries stock performance

NASDAQ:BSET traded down $0.50 during Friday’s midday session, hitting $15.55. The stock had a trading volume of 124,825 shares, compared to an average volume of 95,583. The company has a 50-day moving average price of $19.04 and a two-hundred-day moving average price of 18, $23. The stock has a market capitalization of $142.38 million, a P/E ratio of 2.34, a P/E/G ratio of 0.42 and a beta of 1.52. Bassett Furniture Industries, Incorporated has a one-year low of $13.16 and a one-year high of $24.12.

Bassett Furniture Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 25. Investors of record on Friday, November 11 will receive a dividend of $0.16. The ex-date of this dividend is Wednesday, November 9. This represents a dividend of $0.64 on an annualized basis and a yield of 4.12%. The payout rate for Bassett Furniture Industries is 9.34%.

Bassett Furniture Industries Institutional Trade

Hedge funds have recently been buying and selling shares of the company. Millennium Management LLC acquired a new stake in Bassett Furniture Industries in the second quarter worth approximately $1,795,000. Victory Capital Management Inc. increased its position in Bassett Furniture Industries by 23.2% in the first quarter. Victory Capital Management Inc. now owns 300,301 shares of the company valued at $4,973,000 after purchasing an additional 56,495 shares in the last quarter. Ancora Advisors LLC increased its position in Bassett Furniture Industries by 26.4% in the first quarter. Ancora Advisors LLC now owns 171,020 shares of the company valued at $4,151,000 after purchasing an additional 35,691 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in Bassett Furniture Industries by 130.3% in the second quarter. O Shaughnessy Asset Management LLC now owns 44,763 shares of the company valued at $811,000 after purchasing an additional 25,323 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in Bassett Furniture Industries in the second quarter valued at approximately $426,000. Institutional investors hold 58.27% of the company’s shares.

Analysts set new price targets

A number of analysts have recently released reports on BSET shares. StockNews.com downgraded Bassett Furniture Industries from a “strong buy” rating to a “buy” rating in a research report on Wednesday. TheStreet upgraded Bassett Furniture Industries from a “c+” rating to a “b” rating in a Friday, September 30 research report.

About Bassett Furniture Industries

(Get a rating)

Bassett Furniture Industries, Incorporated is engaged in the manufacturing, marketing and retailing of home furnishings in the United States and abroad. It operates through three segments: wholesale, company-owned retail stores and logistics services. The Company is engaged in the design, manufacture, supply, sale and distribution of home furnishings products to a network of corporate-owned retail stores and licensee-owned stores. license, as well as to independent furniture retailers; and wood and upholstery operations.

Recommended Stories

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Before you consider Bassett Furniture Industries, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market goes higher…and Bassett Furniture Industries was not on the list.

While Bassett Furniture Industries currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

[ad_2]
Source link