Aegis Financial Corp Acquires Stake in Bassett Furniture Industries, Presents

Aegis Financial Corp, a leading institutional investor, has recently acquired a new position in shares of Bassett Furniture Industries Incorporated (NASDAQ:BSET). According to the Securities and Exchange Commission (SEC), Aegis Financial Corp’s latest filing shows that it has purchased 259,429 shares of Bassett Furniture Industries at a value of $4,509,000. With this purchase, Aegis Financial Corp now holds about 2.90% stake in the company.

Bassett Furniture Industries is engaged in manufacturing, marketing and retailing home furnishings through its Wholesale and Retail segments. In the Wholesale segment, the company focuses on designing, manufacturing, sourcing and distribution of furniture products. The Retail segment comprises local furniture stores, regional furniture retailers as well as national department stores including chain stores and single-vendor branded retailers.

The recent trading period for BSET stock saw it trade down by $0.07 at $13.90 during Friday’s trading hours with a volume of 4,406 shares compared to the average volume of 25,868 shares. The stock’s one-year low stands at $13.68 while its high was recorded at $24.12 over the same period.

Despite this dip in share prices during last week’s trading hours; Bassett Furniture Industries still holds strong prospects for growth for investors looking towards long-term yields.

Not only does Bassett Furniture Industries hold vast potential for high returns on investment but also what can be seen as an impressive performance backed up by metrics such as a market capitalization of over $124 million with a ratio of price-to-earnings standing at 2.18 while its PEG ratio stands at 0.72.

A careful analysis reveals that BSET stock trades below book value despite the performance promises shown by these impressive metrics thereby presenting a perfect opportunity for investors looking to place their bets on undervalued assets.

In summary; Aegis Financial Corp firm now ranks the 8th largest holder of Bassett Furniture Industries by acquiring a new position in shares of the furniture company. This move represents confidence in the firm’s long-term investment prospects, given that it acquires a significant stake within the company. The acquisition presents an opportunity to capitalize on an undervalued stock which presents immense potential for future growth and high returns on investment.

Bassett Furniture Industries: Strong Revenue in Q1, Receives Strong-Buy Rating and Declares Quarterly Dividend

Bassett Furniture Industries, Inc. is a company that engages in the manufacturing, marketing, and retailing of home furnishings. Its Wholesale segment focuses on designing, manufacturing, sourcing, sales, and distribution of furniture products. On the other hand, its Retail segment comprises local furniture stores, regional furniture retailers, national department chain stores as well as single-vendor branded retailers.

Several institutional investors and hedge funds have recently bought and sold shares of Bassett Furniture Industries. According to reports from various sources in the financial industry like The Bank of New York Mellon Corp., American Century Companies Inc., LSV Asset Management; all increased their stake in shares of Bassett Furniture Industries by varying percentages during the first quarter.

The good news for investors is that Bassett Furniture Industries had a quarterly revenue of $107.70 million during the first quarter compared to analysts’ expectations of $105.47 million. Despite this impressive report about its earnings power, it fell short of the consensus estimate for earnings per share (EPS) by ($0.02), posting an EPS of $0.16 instead of an estimated $0.18.

StockNews.com also began coverage on stocks in Bassett Furniture Industries with a “strong-buy” rating based on recent events showing noticeable progress in its business activities.

Furthermore, Bassett Furniture Industries declared a quarterly dividend payment to its shareholders who are recorded on Friday 12th May 2017. The dividend equates to $0.16 per share which represents an annualized yield of 4.60%, making it one of the most attractive investment options presently available to low and medium-risk investors.

Analyst predict that Bassett Furniture Industries will post 1.2 Earnings Per Share (EPS) for the current year based on performance trends so far this year despite…