Voya Investment Management LLC Acquires Shares of 7,176 Bassett Furniture Industries, Incorporated (BSET)

Voya Investment Management LLC acquired a new position in shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 7,176 shares of the company’s stock, valued at approximately $272,000. Voya Investment Management LLC owned 0.07% of Bassett Furniture Industries, at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in BSET. American International Group Inc. boosted its position in Bassett Furniture Industries, by 7.0% during the 1st quarter. American International Group Inc. now owns 6,329 shares of the company’s stock worth $170,000 after acquiring an additional 414 shares during the period. California Public Employees Retirement System boosted its position in Bassett Furniture Industries, by 14.7% during the 1st quarter. California Public Employees Retirement System now owns 47,600 shares of the company’s stock worth $1,280,000 after acquiring an additional 6,100 shares during the period. Vanguard Group Inc. boosted its position in Bassett Furniture Industries, by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 483,465 shares of the company’s stock worth $13,005,000 after acquiring an additional 3,978 shares during the period. Geode Capital Management LLC boosted its position in Bassett Furniture Industries, by 3.4% during the 1st quarter. Geode Capital Management LLC now owns 94,729 shares of the company’s stock worth $2,548,000 after acquiring an additional 3,118 shares during the period. Finally, Bank of America Corp DE boosted its position in Bassett Furniture Industries, by 183.8% during the 1st quarter. Bank of America Corp DE now owns 8,311 shares of the company’s stock worth $224,000 after acquiring an additional 5,383 shares during the period. Hedge funds and other institutional investors own 70.40% of the company’s stock.

Shares of Bassett Furniture Industries, Incorporated (BSET) opened at $37.95 on Thursday. The stock has a market capitalization of $414.92, a PE ratio of 24.31 and a beta of 1.07. Bassett Furniture Industries, Incorporated has a 1-year low of $24.90 and a 1-year high of $41.30.

Bassett Furniture Industries, (NASDAQ:BSET) last announced its quarterly earnings results on Thursday, September 28th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.06. The business 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 period in the previous year, the company earned $0.38 EPS. equities research analysts expect that Bassett Furniture Industries, Incorporated will post 1.76 EPS for the current year.

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

A number of brokerages have commented on BSET. BidaskClub lowered Bassett Furniture Industries, from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Stifel Nicolaus restated 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. ValuEngine upgraded Bassett Furniture Industries, from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. 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 other news, 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 transaction of $80,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Bruce Cohenour sold 9,900 shares of Bassett Furniture Industries, stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $38.50, for a total value of $381,150.00. The disclosure for this sale can be found here. 6.40% of the stock is owned by insiders.

TRADEMARK VIOLATION WARNING: “Voya Investment Management LLC Acquires Shares of 7,176 Bassett Furniture Industries, Incorporated (BSET)” was first published by Markets Daily and is the property of of Markets Daily. If you are accessing this article on another domain, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The correct version of this article can be read at https://www.themarketsdaily.com/2017/11/16/voya-investment-management-llc-acquires-shares-of-7176-bassett-furniture-industries-incorporated-bset.html.

Bassett Furniture Industries, Company Profile

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.

Want to see what other hedge funds are holding BSET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bassett Furniture Industries, Incorporated (NASDAQ:BSET).

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 MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply