Costa Brava cuts stake in Bassett Furniture to 1.88%

By Lisa Kerner

Charlotte, N.C., Oct. 20 - Bassett Furniture Industries, Inc. investors led by Costa Brava Partnership III LP sold 288,030 shares of the company's stock between Oct. 10 and Oct. 17 priced from $5.96 to $6.64 each.

The sales were reported in a corrected schedule 13D/A filed with the Securities and Exchange Commission on Monday.

The investors own 216,673 shares, or 1.88%, of the Bassett, Va., home furnishings company.

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