Algert Global LLC increased its position in Big 5 Sporting Goods Corp. (NASDAQ:BGFV) by 38.5% during the third quarter, Holdings Channel reports. The firm owned 186,346 shares of the company’s stock after buying an additional 51,760 shares during the period. Big 5 Sporting Goods Corp. comprises approximately 0.7% of Algert Global LLC’s holdings, making the stock its 21st largest position. Algert Global LLC’s holdings in Big 5 Sporting Goods Corp. were worth $2,538,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in BGFV. Prudential Financial Inc. raised its stake in Big 5 Sporting Goods Corp. by 4.2% in the first quarter. Prudential Financial Inc. now owns 44,169 shares of the company’s stock worth $491,000 after buying an additional 1,800 shares in the last quarter. Spark Investment Management LLC acquired a new stake in Big 5 Sporting Goods Corp. during the first quarter worth $1,088,000. Hancock Holding Co. acquired a new stake in Big 5 Sporting Goods Corp. during the first quarter worth $601,000. Jacobs Levy Equity Management Inc. raised its stake in Big 5 Sporting Goods Corp. by 115.8% in the first quarter. Jacobs Levy Equity Management Inc. now owns 39,500 shares of the company’s stock worth $439,000 after buying an additional 21,200 shares in the last quarter. Finally, Foundry Partners LLC acquired a new stake in Big 5 Sporting Goods Corp. during the second quarter worth $1,204,000. 77.67% of the stock is currently owned by institutional investors.
Shares of Big 5 Sporting Goods Corp. (NASDAQ:BGFV) opened at 15.90 on Wednesday. Big 5 Sporting Goods Corp. has a 1-year low of $8.15 and a 1-year high of $16.16. The firm has a 50-day moving average of $13.89 and a 200 day moving average of $11.23. The stock has a market cap of $344.25 million, a price-to-earnings ratio of 30.17 and a beta of 0.56.
Big 5 Sporting Goods Corp. (NASDAQ:BGFV) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.03 by $0.08. Big 5 Sporting Goods Corp. had a net margin of 1.12% and a return on equity of 6.50%. The business had revenue of $241.10 million for the quarter, compared to analyst estimates of $238.29 million. During the same quarter in the previous year, the firm posted $0.15 earnings per share. Big 5 Sporting Goods Corp.’s quarterly revenue was up .3% on a year-over-year basis. Equities research analysts forecast that Big 5 Sporting Goods Corp. will post $0.52 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend was Tuesday, August 30th. Big 5 Sporting Goods Corp.’s payout ratio is currently 94.34%.
A number of equities research analysts recently weighed in on BGFV shares. Deutsche Bank AG upped their target price on shares of Big 5 Sporting Goods Corp. from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Zacks Investment Research upgraded shares of Big 5 Sporting Goods Corp. from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Friday, August 5th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $13.46.
In other news, Director Stadium Capital Partners L. P sold 9,893 shares of the company’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $13.08, for a total value of $129,400.44. Following the transaction, the director now owns 2,423,842 shares in the company, valued at $31,703,853.36. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stadium Capital Management Llc sold 106,194 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $12.66, for a total transaction of $1,344,416.04. The disclosure for this sale can be found here. Corporate insiders own 7.90% of the company’s stock.
Big 5 Sporting Goods Corp. Company Profile
Big 5 Sporting Goods Corporation is a sporting goods retailer in the western United States. The Company offers a range of products in a sporting goods store format that averages approximately 11,000 square feet. The Company also offers products online through its e-commerce platform. The Company’s product mix includes athletic shoes, apparel and accessories, as well as a range of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, winter and summer recreation and roller sports.