Barclays PLC Boosts Stock Holdings in Bassett Furniture Industries, Incorporated (NASDAQ:BSET)

Barclays PLC grew its holdings in Bassett Furniture Industries, Incorporated (NASDAQ:BSET) by 51.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,124 shares of the company’s stock after buying an additional 3,459 shares during the quarter. Barclays PLC’s holdings in Bassett Furniture Industries were worth $146,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Inspire Advisors LLC raised its holdings in Bassett Furniture Industries by 119.5% during the 2nd quarter. Inspire Advisors LLC now owns 26,055 shares of the company’s stock valued at $370,000 after acquiring an additional 14,183 shares during the period. 54.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Bassett Furniture Industries Stock Down 0.8 %

BSET stock opened at $13.85 on Wednesday. The stock has a 50-day simple moving average of $14.50 and a two-hundred day simple moving average of $14.01. Bassett Furniture Industries, Incorporated has a twelve month low of $12.10 and a twelve month high of $16.50. The firm has a market capitalization of $121.89 million, a PE ratio of -7.10, a PEG ratio of 1.07 and a beta of 1.69.

Bassett Furniture Industries (NASDAQ:BSET) last issued its quarterly earnings data on Wednesday, October 9th. The company reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.18). Bassett Furniture Industries had a negative net margin of 5.00% and a negative return on equity of 3.47%. The firm had revenue of $75.62 million for the quarter, compared to analysts’ expectations of $78.63 million. During the same period in the prior year, the firm posted ($0.30) EPS. On average, equities research analysts anticipate that Bassett Furniture Industries, Incorporated will post -0.77 EPS for the current fiscal year.

Bassett Furniture Industries 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.