Headlines about Bassett Furniture Industries (NASDAQ:BSET) have trended positive this week, according to Accern. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Bassett Furniture Industries earned a coverage optimism score of 0.29 on Accern’s scale. Accern also assigned media stories about the company an impact score of 44.9465249761382 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Bassett Furniture Industries (NASDAQ BSET) opened at $36.40 on Thursday. The company has a market cap of $380.57, a P/E ratio of 21.29 and a beta of 1.05. Bassett Furniture Industries has a 12-month low of $24.90 and a 12-month high of $41.30.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Thursday, February 8th. Bassett Furniture Industries’s payout ratio is presently 25.73%.
In related news, insider Jay R. Hervey sold 650 shares of Bassett Furniture Industries stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $39.19, for a total transaction of $25,473.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John E. Bassett III sold 2,000 shares of Bassett Furniture Industries stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $40.25, for a total transaction of $80,500.00. The disclosure for this sale can be found here. Insiders own 6.40% of the company’s stock.
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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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