Allianz Asset Management AG Has $453,000 Position in Bassett Furniture Industries Inc. (BSET)

Allianz Asset Management AG held its position in shares of Bassett Furniture Industries Inc. (NASDAQ:BSET) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 14,887 shares of the company’s stock at the end of the fourth quarter. Allianz Asset Management AG’s holdings in Bassett Furniture Industries were worth $453,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Thomson Horstmann & Bryant Inc. boosted its position in shares of Bassett Furniture Industries by 6.1% in the third quarter. Thomson Horstmann & Bryant Inc. now owns 430,547 shares of the company’s stock valued at $10,010,000 after buying an additional 24,830 shares in the last quarter. Alambic Investment Management L.P. boosted its position in shares of Bassett Furniture Industries by 57.4% in the third quarter. Alambic Investment Management L.P. now owns 35,646 shares of the company’s stock valued at $829,000 after buying an additional 13,000 shares in the last quarter. Punch & Associates Investment Management Inc. acquired a new position in shares of Bassett Furniture Industries during the third quarter valued at $674,000. Smith Asset Management Group LP boosted its position in shares of Bassett Furniture Industries by 2.0% in the third quarter. Smith Asset Management Group LP now owns 10,170 shares of the company’s stock valued at $236,000 after buying an additional 200 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Bassett Furniture Industries by 88.6% in the third quarter. PNC Financial Services Group Inc. now owns 7,288 shares of the company’s stock valued at $170,000 after buying an additional 3,424 shares in the last quarter. 70.80% of the stock is owned by institutional investors.

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

Bassett Furniture Industries Inc. (NASDAQ:BSET) opened at 24.95 on Friday. Bassett Furniture Industries Inc. has a 52 week low of $22.42 and a 52 week high of $33.35. The stock’s 50 day moving average is $26.71 and its 200 day moving average is $26.92. The company has a market capitalization of $267.51 million, a PE ratio of 17.09 and a beta of 1.25.

Bassett Furniture Industries (NASDAQ:BSET) last announced its earnings results on Thursday, January 19th. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.03. Bassett Furniture Industries had a return on equity of 8.88% and a net margin of 3.66%. The business had revenue of $113.80 million for the quarter, compared to analysts’ expectations of $112.79 million. During the same period in the prior year, the business posted $0.52 earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. Analysts predict that Bassett Furniture Industries Inc. will post $1.50 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 26th. Investors of record on Friday, May 12th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.60%. The ex-dividend date is Wednesday, May 10th. Bassett Furniture Industries’s payout ratio is presently 27.40%.

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Several equities analysts have recently weighed in on BSET shares. Zacks Investment Research raised shares of Bassett Furniture Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, November 29th. Stifel Nicolaus raised their price target on shares of Bassett Furniture Industries from $24.00 to $28.00 and gave the stock a “hold” rating in a research note on Friday, January 20th.

In related news, SVP David C. Baker sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 25th. The stock was sold at an average price of $30.43, for a total value of $121,720.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold 10,460 shares of company stock worth $293,419 over the last quarter. 6.40% of the stock is currently owned by company insiders.

About Bassett Furniture Industries

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.

5 Day Chart for NASDAQ:BSET

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