Bassett Furniture Industries, Incorporated (NASDAQ:BSET) Short Interest Down 7.6% in December

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 39,000 shares, a drop of 7.6% from the December 15th total of 42,200 shares. Based on an average trading volume of 13,200 shares, the short-interest ratio is currently 3.0 days. Approximately 0.5% of the shares of the company are sold short.

Hedge Funds Weigh In On Bassett Furniture Industries

An institutional investor recently raised its position in Bassett Furniture Industries stock. Barclays PLC boosted its stake in shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET) by 51.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,124 shares of the company’s stock after acquiring an additional 3,459 shares during the period. Barclays PLC owned 0.12% of Bassett Furniture Industries worth $146,000 at the end of the most recent quarter. Institutional investors own 54.40% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Bassett Furniture Industries from a “buy” rating to a “hold” rating in a research report on Friday, December 20th.

Bassett Furniture Industries Price Performance

Shares of NASDAQ BSET opened at $13.86 on Monday. The firm has a fifty day moving average price of $14.36 and a 200-day moving average price of $14.00. The stock has a market cap of $121.97 million, a PE ratio of -7.11, a price-to-earnings-growth ratio of 1.08 and a beta of 1.69. Bassett Furniture Industries has a 1 year low of $12.10 and a 1 year high of $16.50.

Bassett Furniture Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.77%. Bassett Furniture Industries’s dividend payout ratio (DPR) is presently -41.03%.

Bassett Furniture Industries Company Profile

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.