Bassett Furniture Industries Inc (BSET) Files Form 4 Insider Selling : John E Iii Bassett Sells 1,700 Shares

Bassett Furniture Industries Inc (BSET): John E Iii Bassett , Senior Vice President, Wood of Bassett Furniture Industries Inc sold 1,700 shares on May 5, 2016. The Insider selling transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were sold at $29.60 per share for a total value of $50,320.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 28, 2016, John Michael Daniel (SVP, Chief Financial Officer) sold 6,145 shares at $30.02 per share price.On Apr 12, 2016, Jay R Hervey (Vice Pres Sec & Gen Counsel) sold 575 shares at $32.03 per share price.Also, On Apr 12, 2016, William C Jr Wampler (director) sold 2,804 shares at $31.74 per share price.On Feb 26, 2016, Jack Leroy Jr Hawn (Pres. of Zenith Freight Lines) sold 5,294 shares at $29.81 per share price.

Bassett Furniture Industries: On Friday, May 6, 2016 heightened volatility was witnessed in Bassett Furniture Industries which led to swings in the share price. The shares opened for trading at $28.96 and hit $29.23 on the upside , eventually ending the session at $29.22, with a gain of 0.93% or 0.27 points. The heightened volatility saw the trading volume jump to 27,148 shares. The 52-week high of the share price is $38.65 and the company has a market cap of $318 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.

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 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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