Renaissance Technologies LLC Decreases Position in Bassett Furniture Industries, Incorporated (NASDAQ:BSET)

Renaissance Technologies LLC cut its stake in Bassett Furniture Industries, Incorporated (NASDAQ:BSET) by 3.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 334,761 shares of the company’s stock after selling 11,700 shares during the quarter. Renaissance Technologies LLC’s holdings in Bassett Furniture Industries were worth $4,757,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Empowered Funds LLC grew its position in Bassett Furniture Industries by 7.5% during the first quarter. Empowered Funds LLC now owns 22,593 shares of the company’s stock valued at $333,000 after buying an additional 1,575 shares during the period. 54.40% of the stock is currently owned by institutional investors.

Bassett Furniture Industries Price Performance

Shares of NASDAQ:BSET opened at $14.90 on Friday. Bassett Furniture Industries, Incorporated has a 1-year low of $12.10 and a 1-year high of $17.89. The company has a market capitalization of $131.55 million, a P/E ratio of -8.50 and a beta of 1.69. The firm’s 50 day simple moving average is $13.50 and its two-hundred day simple moving average is $13.93.

Bassett Furniture Industries (NASDAQ:BSET) last released its quarterly earnings data on Wednesday, July 10th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.07). Bassett Furniture Industries had a negative net margin of 4.29% and a negative return on equity of 2.30%. The business had revenue of $83.41 million for the quarter, compared to the consensus estimate of $86.21 million. On average, sell-side analysts anticipate that Bassett Furniture Industries, Incorporated will post -0.55 earnings per share for the current fiscal year.

Bassett Furniture Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.37%. The ex-dividend date of this dividend was Friday, August 16th. This is an increase from Bassett Furniture Industries’s previous quarterly dividend of $0.18. Bassett Furniture Industries’s dividend payout ratio (DPR) is currently -46.24%.

Insider Buying and Selling

In other Bassett Furniture Industries news, Director John R. Belk bought 3,847 shares of the business’s stock in a transaction on Monday, August 12th. The shares were acquired at an average price of $12.70 per share, with a total value of $48,856.90. Following the transaction, the director now owns 41,047 shares of the company’s stock, valued at approximately $521,296.90. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have purchased 5,324 shares of company stock valued at $67,651 in the last 90 days. Company insiders own 7.10% of the company’s stock.

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.