Raymond James Financial Services Advisors Inc. Has $526,000 Holdings in Bassett Furniture Industries, Incorporated (BSET)

Raymond James Financial Services Advisors Inc. lessened its holdings in shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET) by 26.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 13,953 shares of the company’s stock after selling 4,896 shares during the period. Raymond James Financial Services Advisors Inc. owned 0.13% of Bassett Furniture Industries worth $526,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BSET. First Trust Advisors LP bought a new position in shares of Bassett Furniture Industries during the third quarter worth $300,000. BB&T Corp boosted its position in shares of Bassett Furniture Industries by 7.2% during the third quarter. BB&T Corp now owns 41,463 shares of the company’s stock worth $1,563,000 after purchasing an additional 2,800 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Bassett Furniture Industries during the second quarter worth $206,000. State Street Corp boosted its position in shares of Bassett Furniture Industries by 7.3% during the second quarter. State Street Corp now owns 178,240 shares of the company’s stock worth $6,766,000 after purchasing an additional 12,140 shares in the last quarter. Finally, Voya Investment Management LLC bought a new position in shares of Bassett Furniture Industries during the second quarter worth $272,000. 71.67% of the stock is owned by hedge funds and other institutional investors.

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) opened at $38.10 on Wednesday. The firm has a market cap of $404.18, a price-to-earnings ratio of 23.68 and a beta of 1.04. Bassett Furniture Industries, Incorporated has a 52-week low of $24.90 and a 52-week high of $41.30.

Bassett Furniture Industries (NASDAQ:BSET) last posted its quarterly earnings data on Thursday, September 28th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. The business had revenue of $114.30 million for the quarter, compared to analysts’ expectations of $110.65 million. Bassett Furniture Industries had a net margin of 4.09% and a return on equity of 9.17%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS. equities analysts anticipate that Bassett Furniture Industries, Incorporated will post 1.76 EPS for the current fiscal year.

The business also recently disclosed a special dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.35 dividend. This is a boost from Bassett Furniture Industries’s previous special dividend of $0.30. This represents a yield of 1.17%. The ex-dividend date is Thursday, November 30th. Bassett Furniture Industries’s payout ratio is currently 25.73%.

In related news, SVP Bruce Cohenour sold 9,900 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $38.50, for a total value of $381,150.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jay R. Hervey sold 650 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $39.19, for a total transaction of $25,473.50. The disclosure for this sale can be found here. Insiders sold a total of 12,550 shares of company stock worth $487,124 over the last ninety days. 6.40% of the stock is currently owned by insiders.

BSET has been the topic of a number of recent analyst reports. ValuEngine cut shares of Bassett Furniture Industries from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub cut shares of Bassett Furniture Industries from a “hold” rating to a “sell” rating in a research report on Saturday, August 26th. Zacks Investment Research cut shares of Bassett Furniture Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $39.00 price target (up from $36.00) on shares of Bassett Furniture Industries in a research report on Saturday, September 30th.

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Bassett Furniture Industries Company Profile

Bassett Furniture Industries, Incorporated is a manufacturer, importer and retailer of home furnishings. The Company’s segments include Wholesale, Retail – Company-owned stores and Logistical services. Its wholesale home furnishings segment is involved in the design, manufacture, sourcing, sale and distribution of furniture products to a network of Bassett stores (licensee-owned stores and Company-owned stores) and independent furniture retailers.

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Institutional Ownership by Quarter for Bassett Furniture Industries (NASDAQ:BSET)

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