Hsbc Holdings PLC Sells 2,003 Shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET)

Hsbc Holdings PLC decreased its holdings in shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET) by 15.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,301 shares of the company’s stock after selling 2,003 shares during the quarter. Hsbc Holdings PLC owned 0.13% of Bassett Furniture Industries worth $159,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Empowered Funds LLC lifted its position in Bassett Furniture Industries by 4.5% during the fourth quarter. Empowered Funds LLC now owns 26,554 shares of the company’s stock valued at $367,000 after purchasing an additional 1,135 shares during the last quarter. Barclays PLC raised its position in shares of Bassett Furniture Industries by 51.9% during the 3rd quarter. Barclays PLC now owns 10,124 shares of the company’s stock valued at $146,000 after buying an additional 3,459 shares in the last quarter. Aristides Capital LLC lifted its holdings in shares of Bassett Furniture Industries by 16.0% during the 4th quarter. Aristides Capital LLC now owns 43,111 shares of the company’s stock worth $596,000 after acquiring an additional 5,935 shares during the last quarter. FourThought Financial Partners LLC purchased a new position in Bassett Furniture Industries in the fourth quarter worth $180,000. Finally, Truffle Hound Capital LLC purchased a new position in Bassett Furniture Industries in the fourth quarter worth $2,766,000. 54.40% of the stock is currently owned by institutional investors.

Bassett Furniture Industries Trading Up 0.5%

Shares of NASDAQ BSET opened at $17.55 on Monday. The stock has a market cap of $152.76 million, a price-to-earnings ratio of -15.95, a P/E/G ratio of 1.29 and a beta of 1.26. The stock’s 50-day moving average is $16.47 and its 200 day moving average is $15.18. Bassett Furniture Industries, Incorporated has a 1-year low of $12.11 and a 1-year high of $19.67.

Bassett Furniture Industries (NASDAQ:BSET) last posted its quarterly earnings results on Wednesday, April 2nd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.02 by $0.19. The firm had revenue of $82.16 million for the quarter, compared to the consensus estimate of $79.71 million. Bassett Furniture Industries had a negative net margin of 2.94% and a negative return on equity of 2.44%. During the same period last year, the firm posted ($0.14) earnings per share. On average, analysts forecast that Bassett Furniture Industries, Incorporated will post 0.75 EPS for the current fiscal year.

Bassett Furniture Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date is Friday, May 16th. Bassett Furniture Industries’s payout ratio is presently -106.67%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Bassett Furniture Industries from a “hold” rating to a “buy” rating in a research report on Friday, January 31st.

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.