Pacific Ridge Capital Partners LLC trimmed its holdings in Big 5 Sporting Goods Co. (NASDAQ:BGFV) by 5.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 513,848 shares of the company’s stock after selling 27,349 shares during the quarter. Pacific Ridge Capital Partners LLC owned about 2.40% of Big 5 Sporting Goods worth $2,621,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in BGFV. KBC Group NV boosted its holdings in Big 5 Sporting Goods by 33.7% in the second quarter. KBC Group NV now owns 120,735 shares of the company’s stock valued at $918,000 after purchasing an additional 30,430 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Big 5 Sporting Goods by 26.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 397,402 shares of the company’s stock valued at $3,021,000 after acquiring an additional 82,048 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Big 5 Sporting Goods in the second quarter valued at approximately $280,000. BlackRock Inc. boosted its holdings in shares of Big 5 Sporting Goods by 6.8% in the second quarter. BlackRock Inc. now owns 2,905,094 shares of the company’s stock valued at $22,078,000 after acquiring an additional 183,791 shares during the period. Finally, Millennium Management LLC acquired a new stake in shares of Big 5 Sporting Goods in the second quarter valued at approximately $934,000. 67.87% of the stock is owned by hedge funds and other institutional investors.
BGFV stock opened at $3.30 on Friday. Big 5 Sporting Goods Co. has a twelve month low of $3.18 and a twelve month high of $9.75. The company has a current ratio of 2.36, a quick ratio of 0.22 and a debt-to-equity ratio of 0.49.
Big 5 Sporting Goods (NASDAQ:BGFV) last posted its quarterly earnings data on Tuesday, October 30th. The company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.04). The firm had revenue of $266.35 million during the quarter, compared to analyst estimates of $277.63 million. Big 5 Sporting Goods had a negative net margin of 1.16% and a negative return on equity of 0.15%. As a group, equities analysts predict that Big 5 Sporting Goods Co. will post -0.12 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 6.06%. The ex-dividend date of this dividend is Thursday, November 29th. Big 5 Sporting Goods’s payout ratio is currently 35.09%.
Several research firms have recently weighed in on BGFV. ValuEngine downgraded Big 5 Sporting Goods from a “sell” rating to a “strong sell” rating in a report on Friday, September 21st. Deutsche Bank set a $4.00 price objective on Big 5 Sporting Goods and gave the company a “hold” rating in a report on Wednesday, October 31st.
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About Big 5 Sporting Goods
Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. The company offers athletic shoes, apparel, and accessories, as well as a selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, winter and summer recreation, and roller sports.
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