Bassett Furniture Industries, Incorporated ( – ) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 40,500 shares, an increase of 171.8% from the May 15th total of 14,900 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 15,000 shares, the short-interest ratio is currently 2.7 days.
Hedge Funds Weigh In On Bassett Furniture Industries
A number of large investors have recently added to or reduced their stakes in BSET. Janney Montgomery Scott LLC lifted its stake in Bassett Furniture Industries by 177.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 44,842 shares of the company’s stock valued at $657,000 after purchasing an additional 28,679 shares during the last quarter. Empowered Funds LLC lifted its stake in Bassett Furniture Industries by 7.5% in the 1st quarter. Empowered Funds LLC now owns 22,593 shares of the company’s stock valued at $333,000 after purchasing an additional 1,575 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in Bassett Furniture Industries in the 1st quarter valued at about $224,000. 1620 Investment Advisors Inc. acquired a new stake in Bassett Furniture Industries in the 4th quarter valued at about $218,000. Finally, Inspire Advisors LLC lifted its stake in Bassett Furniture Industries by 8.0% in the 1st quarter. Inspire Advisors LLC now owns 11,872 shares of the company’s stock valued at $175,000 after purchasing an additional 880 shares during the last quarter. Institutional investors own 54.40% of the company’s stock.
Bassett Furniture Industries Trading Down 1.6 %
opened at $13.83 on Friday. The stock has a 50-day moving average price of $14.01 and a two-hundred day moving average price of $15.11. The stock has a market cap of $122.12 million, a PE ratio of -20.64, a price-to-earnings-growth ratio of 3.80 and a beta of 1.68. Bassett Furniture Industries has a 1 year low of $13.02 and a 1 year high of $17.89.
Bassett Furniture Industries ( – ) last released its earnings results on Wednesday, April 3rd. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.15). The firm had revenue of $86.55 million for the quarter, compared to the consensus estimate of $91.48 million. Bassett Furniture Industries had a negative return on equity of 0.64% and a negative net margin of 1.57%. On average, analysts forecast that Bassett Furniture Industries will post 0.23 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, cut shares of Bassett Furniture Industries from a “buy” rating to a “hold” rating in a research report on Saturday, April 6th.
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.
Recommended Stories
Receive News & Ratings for Bassett Furniture Industries Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Bassett Furniture Industries and related companies with .