Big 5 Sporting Goods Co. (NASDAQ:BGFV) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 5,964,700 shares, a growth of 7.5% from the June 30th total of 5,546,400 shares. Based on an average daily trading volume, of 398,100 shares, the days-to-cover ratio is presently 15.0 days. Approximately 30.3% of the shares of the company are short sold.
Shares of BGFV traded down $0.06 during trading hours on Thursday, reaching $1.74. 1,982 shares of the company traded hands, compared to its average volume of 420,345. The company has a market capitalization of $38.37 million, a PE ratio of -22.13 and a beta of 0.51. The company has a quick ratio of 0.13, a current ratio of 1.47 and a debt-to-equity ratio of 1.60. Big 5 Sporting Goods has a 12-month low of $1.57 and a 12-month high of $6.20. The stock has a fifty day simple moving average of $1.95.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 11.49%. The ex-dividend date of this dividend is Thursday, August 29th. Big 5 Sporting Goods’s dividend payout ratio (DPR) is presently -250.00%.
A number of brokerages have recently weighed in on BGFV. ValuEngine raised shares of Big 5 Sporting Goods from a “sell” rating to a “hold” rating in a report on Tuesday, July 2nd. Zacks Investment Research raised shares of Big 5 Sporting Goods from a “hold” rating to a “buy” rating and set a $3.00 price objective on the stock in a report on Tuesday, April 30th.
Large investors have recently bought and sold shares of the business. Spark Investment Management LLC purchased a new stake in Big 5 Sporting Goods in the first quarter valued at $47,000. Russell Investments Group Ltd. purchased a new stake in shares of Big 5 Sporting Goods during the 2nd quarter worth about $120,000. Jane Street Group LLC purchased a new stake in shares of Big 5 Sporting Goods during the 2nd quarter worth about $162,000. Paloma Partners Management Co purchased a new stake in shares of Big 5 Sporting Goods during the 2nd quarter worth about $177,000. Finally, Acadian Asset Management LLC boosted its stake in shares of Big 5 Sporting Goods by 155.8% during the 2nd quarter. Acadian Asset Management LLC now owns 172,393 shares of the company’s stock worth $336,000 after acquiring an additional 105,001 shares in the last quarter. 55.73% of the stock is currently owned by institutional investors.
Big 5 Sporting Goods Company Profile
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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