LSV Asset Management grew its holdings in shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET) by 102.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,900 shares of the company’s stock after buying an additional 4,499 shares during the quarter. LSV Asset Management owned 0.08% of Bassett Furniture Industries, worth $337,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. American International Group Inc. boosted its stake in shares of Bassett Furniture Industries, by 7.0% during the 1st quarter. American International Group Inc. now owns 6,329 shares of the company’s stock valued at $170,000 after buying an additional 414 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of 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 valued at $224,000 after buying an additional 5,383 shares during the last quarter. Nationwide Fund Advisors boosted its stake in shares of Bassett Furniture Industries, by 10.9% during the 1st quarter. Nationwide Fund Advisors now owns 9,159 shares of the company’s stock valued at $246,000 after buying an additional 902 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Bassett Furniture Industries, by 4.6% during the 2nd quarter. Rhumbline Advisers now owns 12,087 shares of the company’s stock valued at $459,000 after buying an additional 530 shares during the last quarter. Finally, Federated Investors Inc. PA boosted its stake in shares of Bassett Furniture Industries, by 11.7% during the 2nd quarter. Federated Investors Inc. PA now owns 14,788 shares of the company’s stock valued at $561,000 after buying an additional 1,545 shares during the last quarter. Institutional investors own 71.92% of the company’s stock.

Several equities research analysts recently issued reports on BSET shares. BidaskClub lowered Bassett Furniture Industries, from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Stifel Nicolaus upped their price target on Bassett Furniture Industries, from $28.00 to $36.00 and gave the company a “hold” rating in a research report on Friday, June 30th. ValuEngine raised 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.

WARNING: This article was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/09/25/bassett-furniture-industries-incorporated-bset-shares-bought-by-lsv-asset-management.html.

Shares of Bassett Furniture Industries, Incorporated (BSET) opened at 37.00 on Monday. The company’s 50 day moving average price is $36.10 and its 200 day moving average price is $32.20. Bassett Furniture Industries, Incorporated has a 52-week low of $22.42 and a 52-week high of $40.55. The firm has a market capitalization of $396.79 million, a price-to-earnings ratio of 22.28 and a beta of 1.11.

Bassett Furniture Industries, (NASDAQ:BSET) last announced its quarterly earnings data on Thursday, June 29th. The company reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.06. Bassett Furniture Industries, had a return on equity of 9.05% and a net margin of 4.08%. The company had revenue of $114.10 million for the quarter, compared to analyst estimates of $110.52 million. During the same quarter last year, the firm earned $0.31 EPS. Bassett Furniture Industries,’s revenue for the quarter was up 6.9% compared to the same quarter last year. Analysts forecast that Bassett Furniture Industries, Incorporated will post $1.66 earnings per share for the current year.

In other news, Director Kristina K. Cashman sold 750 shares of Bassett Furniture Industries, stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $38.08, for a total transaction of $28,560.00. Following the sale, the director now owns 8,614 shares of the company’s stock, valued at approximately $328,021.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John E. Bassett III sold 3,102 shares of Bassett Furniture Industries, stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $40.00, for a total value of $124,080.00. The disclosure for this sale can be found here. Insiders have sold a total of 13,235 shares of company stock worth $527,509 in the last three months. 6.40% of the stock is owned by insiders.

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.

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.