Bassett Furniture Industries Inc (BSET) Files Form 4 Insider Selling : David C Baker Sells 6,091 Shares

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Bassett Furniture Industries Inc (BSET): David C Baker , SVP, Corporate Retail of Bassett Furniture Industries Inc sold 6,091 shares on Feb 21, 2017. The Insider selling transaction was reported by the company on Feb 22, 2017 to the Securities and Exchange Commission. The shares were sold at $26.40 per share for a total value of $160,828.59 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jan 30, 2017, David C Baker (SVP, Corporate Retail) sold 369 shares at $29.53 per share price.On Oct 31, 2016, William C Jr Warden (director) purchased 5,000 shares at $23.43 per share price.Also, On Aug 18, 2016, Kristina K Cashman (director) sold 3,500 shares at $25.45 per share price.On Jul 5, 2016, Paul Fulton (Chairman Emeritus) purchased 2,000 shares at $23.96 per share price.

Bassett Furniture Industries: On Wednesday, Feb 22, 2017 heightened volatility was witnessed in Bassett Furniture Industries which led to swings in the share price. The shares opened for trading at $27.05 and hit $27.4 on the upside , eventually ending the session at $27.4, with a gain of 0.92% or 0.25 points. The heightened volatility saw the trading volume jump to 14,136 shares. The 52-week high of the share price is $33.68 and the company has a market cap of $294 M . The 52-week low of the share price is at $22.4164.

Bassett Furniture Industries Money Flow Index Chart

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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Matthew Wright

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