Bassett Furniture Industries Inc (BSET) Files Form 4 Insider Selling : William C Jr Wampler Sells 2,804 Shares

Bassett Furniture Industries Inc (BSET): William C Jr Wampler , director of Bassett Furniture Industries Inc sold 2,804 shares on Apr 7, 2016. The Insider selling transaction was disclosed on Apr 12, 2016 to the Securities and Exchange Commission. The shares were sold at $31.74 per share for a total value of $88,998.96.

Company has been under the radar of several Street Analysts.Bassett Furniture Industries is Initiated by Stifel to Hold. The Rating was issued on Apr 6, 2016.Bassett Furniture Industries is Downgraded by Sidoti to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jan 27, 2016.Bassett Furniture Industries is Upgraded by Sidoti to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Jan 21, 2016.

Currently the company Insiders own 7% of Bassett Furniture Industries shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by -43.45%.Institutional Investors own 68.71% of Bassett Furniture Industries shares.During last six month period, the net percent change held by insiders has seen a change of -47.16%.

Bassett Furniture Industries: On Monday, Apr 11, 2016 heightened volatility was witnessed in Bassett Furniture Industries which led to swings in the share price. The shares opened for trading at $31.56 and hit $32.34 on the upside , eventually ending the session at $31.53, with a gain of 0.22% or 0.07 points. The heightened volatility saw the trading volume jump to 81,323 shares. The 52-week high of the share price is $38.65 and the company has a market cap of $343 M . The 52-week low of the share price is at $22.97.

Bassett Furniture Industries Money Flow Index Chart

On Mar 10, 2016, Bassett Furniture Industries announced a cash dividend of $0.0900. The company’s management has announced May 11, 2016 as the ex-dividend date and fixed the record date on May 13, 2016. The payable date has been fixed on May 27, 2016.

Bassett Furniture Industries Incorporated (Bassett) is a manufacturer importer and retailer of home furnishings. The Company operates in three segments: Wholesale Retail and Investments and Real Estate. The Company’s store features custom order furniture ready for delivery in less than 30 days more than 1000 upholstery fabrics free in-home design visits and decorating accessories. The Company’s range of furniture products and accessories are designed and sold through a network of 94 retail stores known as Bassett Home Furnishings (BHF). Of the 94 stores the Company owns and operates 60 stores with the other 34 being independently owned. The Company also distributes its products through other multi-line furniture stores many of which feature Bassett galleries or design centers specialty stores and mass merchants.

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