Teachers Advisors LLC continued to hold its stake in Bassett Furniture Industries, Incorporated (NASDAQ:BSET) during the second quarter, according to its most recent filing with the SEC. The firm owned 19,400 shares of the company’s stock at the end of the second quarter. Teachers Advisors LLC owned 0.18% of Bassett Furniture Industries, worth $736,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of BSET. American International Group Inc. grew its position in shares of Bassett Furniture Industries, by 7.0% during the first quarter. American International Group Inc. now owns 6,329 shares of the company’s stock valued at $170,000 after purchasing an additional 414 shares in the last quarter. Bank of America Corp DE grew its position in shares of Bassett Furniture Industries, by 183.8% during the first quarter. Bank of America Corp DE now owns 8,311 shares of the company’s stock valued at $224,000 after purchasing an additional 5,383 shares in the last quarter. Alliancebernstein L.P. purchased a new position in shares of Bassett Furniture Industries, during the second quarter valued at about $224,000. LSV Asset Management grew its position in shares of Bassett Furniture Industries, by 102.2% during the second quarter. LSV Asset Management now owns 8,900 shares of the company’s stock valued at $337,000 after purchasing an additional 4,499 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of Bassett Furniture Industries, by 4.6% during the second quarter. Rhumbline Advisers now owns 12,087 shares of the company’s stock valued at $459,000 after purchasing an additional 530 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

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A number of research analysts have recently weighed in on the company. ValuEngine lowered Bassett Furniture Industries, from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Stifel Nicolaus restated a “hold” rating and set a $39.00 price objective (up previously from $36.00) on shares of Bassett Furniture Industries, in a research report on Saturday, September 30th. BidaskClub lowered Bassett Furniture Industries, from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Finally, Zacks Investment Research lowered Bassett Furniture Industries, from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 29th.

In related news, SVP Bruce Cohenour sold 9,900 shares of Bassett Furniture Industries, stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $38.50, for a total value of $381,150.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John E. Bassett III sold 2,000 shares of Bassett Furniture Industries, stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $40.25, for a total value of $80,500.00. The disclosure for this sale can be found here. Company insiders own 6.40% of the company’s stock.

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) opened at $38.05 on Tuesday. The company has a market capitalization of $411.16, a PE ratio of 24.09 and a beta of 1.07. Bassett Furniture Industries, Incorporated has a 12-month low of $22.95 and a 12-month high of $41.30.

Bassett Furniture Industries, (NASDAQ:BSET) last released its quarterly earnings results on Thursday, September 28th. The company reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.06. The company had revenue of $114.30 million during the quarter, compared to analyst estimates of $110.65 million. Bassett Furniture Industries, had a return on equity of 9.17% and a net margin of 4.09%. The firm’s revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the business posted $0.38 earnings per share. analysts expect that Bassett Furniture Industries, Incorporated will post 1.76 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Friday, November 10th will be given a $0.11 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.44 annualized dividend and a yield of 1.16%. Bassett Furniture Industries,’s dividend payout ratio is currently 25.73%.

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.

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

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