Bassett Furniture Industries Inc. (NASDAQ:BSET) declared a special dividend on Tuesday, November 8th. Shareholders of record on Friday, December 2nd will be given a dividend of 0.30 per share on Friday, December 16th. The ex-dividend date of this dividend is Wednesday, November 30th. This is a boost from Bassett Furniture Industries’s previous special dividend of $0.20.
Bassett Furniture Industries (NASDAQ:BSET) opened at 28.65 on Friday. The firm has a market cap of $309.45 million, a P/E ratio of 18.97 and a beta of 1.15. The firm’s 50-day moving average price is $25.22 and its 200-day moving average price is $25.95. Bassett Furniture Industries has a 52-week low of $22.42 and a 52-week high of $33.68.
Bassett Furniture Industries (NASDAQ:BSET) last announced its quarterly earnings results on Thursday, September 29th. The company reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by $0.01. Bassett Furniture Industries had a net margin of 3.80% and a return on equity of 9.42%. The firm had revenue of $104.70 million for the quarter. During the same quarter last year, the firm earned $0.40 earnings per share. The company’s quarterly revenue was down 5.7% on a year-over-year basis. Equities research analysts expect that Bassett Furniture Industries will post $1.42 EPS for the current year.
Separately, Zacks Investment Research raised Bassett Furniture Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 30th.
In related news, Director William C. Warden, Jr. acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, October 28th. The shares were bought at an average cost of $23.43 per share, with a total value of $117,150.00. Following the completion of the purchase, the director now directly owns 26,052 shares in the company, valued at $610,398.36. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 7.00% of the stock is owned by corporate insiders.
Several institutional investors have recently bought and sold shares of BSET. New York State Common Retirement Fund raised its position in Bassett Furniture Industries by 36.0% in the third quarter. New York State Common Retirement Fund now owns 14,008 shares of the company’s stock worth $326,000 after buying an additional 3,708 shares in the last quarter. BlackRock Fund Advisors raised its position in Bassett Furniture Industries by 8.6% in the third quarter. BlackRock Fund Advisors now owns 287,680 shares of the company’s stock worth $6,689,000 after buying an additional 22,769 shares in the last quarter. BlackRock Advisors LLC raised its position in Bassett Furniture Industries by 9.6% in the third quarter. BlackRock Advisors LLC now owns 5,232 shares of the company’s stock worth $122,000 after buying an additional 459 shares in the last quarter. AQR Capital Management LLC raised its position in Bassett Furniture Industries by 15.5% in the second quarter. AQR Capital Management LLC now owns 181,442 shares of the company’s stock worth $4,343,000 after buying an additional 24,327 shares in the last quarter. Finally, Landscape Capital Management L.L.C. bought a new position in Bassett Furniture Industries during the second quarter worth approximately $218,000. 72.12% of the stock is currently owned by institutional investors.
About Bassett Furniture Industries