California State Teachers Retirement System trimmed its holdings in Bassett Furniture Industries, Incorporated (NASDAQ:BSET) by 13.1% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 17,970 shares of the company’s stock after selling 2,700 shares during the quarter. California State Teachers Retirement System owned about 0.17% of Bassett Furniture Industries worth $682,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. grew its stake in shares of Bassett Furniture Industries by 25.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 18,849 shares of the company’s stock valued at $715,000 after purchasing an additional 3,855 shares during the period. State Street Corp grew its stake in shares of Bassett Furniture Industries by 7.3% during the 2nd quarter. State Street Corp now owns 178,240 shares of the company’s stock valued at $6,766,000 after purchasing an additional 12,140 shares during the period. Voya Investment Management LLC bought a new stake in shares of Bassett Furniture Industries during the 2nd quarter valued at about $272,000. Citadel Advisors LLC bought a new stake in shares of Bassett Furniture Industries during the 2nd quarter valued at about $301,000. Finally, Renaissance Technologies LLC grew its stake in shares of Bassett Furniture Industries by 1.0% during the 2nd quarter. Renaissance Technologies LLC now owns 506,300 shares of the company’s stock valued at $19,214,000 after purchasing an additional 5,100 shares during the period. Institutional investors own 71.73% of the company’s stock.

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) opened at $37.65 on Friday. Bassett Furniture Industries, Incorporated has a 12-month low of $24.90 and a 12-month high of $41.30. The firm has a market capitalization of $396.29, a PE ratio of 24.15 and a beta of 1.07.

Bassett Furniture Industries (NASDAQ:BSET) last posted its quarterly earnings data on Thursday, September 28th. The company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.06. Bassett Furniture Industries had a return on equity of 9.17% and a net margin of 4.09%. The firm had revenue of $114.30 million for the quarter, compared to analysts’ expectations of $110.65 million. During the same period in the previous year, the firm earned $0.38 EPS. The business’s quarterly revenue was up 9.2% on a year-over-year basis. analysts predict that Bassett Furniture Industries, Incorporated will post 1.76 EPS for the current year.

The business also recently disclosed a special dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.35 per share. This is a boost from Bassett Furniture Industries’s previous special dividend of $0.30. This represents a dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, November 30th. Bassett Furniture Industries’s payout ratio is presently 25.73%.

In other 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 transaction of $381,150.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John E. Bassett III sold 2,000 shares of Bassett Furniture Industries stock in a transaction dated Friday, October 20th. The shares were 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. Over the last ninety days, insiders have sold 12,550 shares of company stock worth $487,124. Insiders own 6.40% of the company’s stock.

BSET has been the subject of a number of recent research reports. ValuEngine upgraded Bassett Furniture Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub downgraded Bassett Furniture Industries from a “hold” rating to a “sell” rating in a research note on Saturday, August 26th. Zacks Investment Research downgraded Bassett Furniture Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $39.00 price objective (up from $36.00) on shares of Bassett Furniture Industries in a research report on Saturday, September 30th.

TRADEMARK VIOLATION NOTICE: “Bassett Furniture Industries, Incorporated (BSET) Shares Sold by California State Teachers Retirement System” was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/bassett-furniture-industries-incorporated-bset-shares-sold-by-california-state-teachers-retirement-system/1740406.html.

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.

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

Receive News & Ratings for Bassett Furniture Industries Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bassett Furniture Industries Incorporated and related companies with Analyst Ratings Network's FREE daily email newsletter.