Gamco Investors INC. ET AL Buys 52,000 Shares of Big 5 Sporting Goods Corporation (BGFV)

Gamco Investors INC. ET AL increased its stake in shares of Big 5 Sporting Goods Corporation (NASDAQ:BGFV) by 46.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 164,000 shares of the company’s stock after purchasing an additional 52,000 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.75% of Big 5 Sporting Goods Corporation worth $1,255,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Eqis Capital Management Inc. increased its position in Big 5 Sporting Goods Corporation by 29.3% during the 3rd quarter. Eqis Capital Management Inc. now owns 238,917 shares of the company’s stock worth $1,828,000 after purchasing an additional 54,093 shares in the last quarter. Navellier & Associates Inc purchased a new stake in Big 5 Sporting Goods Corporation during the 2nd quarter worth about $3,255,000. USA Financial Portformulas Corp purchased a new stake in Big 5 Sporting Goods Corporation during the 2nd quarter worth about $371,000. Public Employees Retirement System of Ohio increased its position in Big 5 Sporting Goods Corporation by 65.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 29,238 shares of the company’s stock worth $382,000 after purchasing an additional 11,563 shares in the last quarter. Finally, Koch Industries Inc. increased its position in Big 5 Sporting Goods Corporation by 1,905.8% during the 2nd quarter. Koch Industries Inc. now owns 278,723 shares of the company’s stock worth $259,000 after purchasing an additional 264,827 shares in the last quarter.

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A number of analysts recently commented on the company. Deutsche Bank AG cut Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $20.00 to $10.00 in a research report on Wednesday, August 2nd. TheStreet cut Big 5 Sporting Goods Corporation from a “b-” rating to a “c” rating in a report on Wednesday, August 9th. Forward View restated a “hold” rating and issued a $8.00 price target on shares of Big 5 Sporting Goods Corporation in a report on Sunday, September 3rd. ValuEngine cut Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Zacks Investment Research cut Big 5 Sporting Goods Corporation from a “hold” rating to a “strong sell” rating in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $9.00.

In other news, Director Van B. Honeycutt acquired 48,000 shares of Big 5 Sporting Goods Corporation stock in a transaction dated Friday, August 18th. The shares were acquired at an average cost of $7.71 per share, with a total value of $370,080.00. Following the purchase, the director now directly owns 18,600 shares of the company’s stock, valued at approximately $143,406. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.90% of the stock is owned by insiders.

Shares of Big 5 Sporting Goods Corporation (NASDAQ:BGFV) opened at $6.55 on Tuesday. The company has a quick ratio of 0.16, a current ratio of 2.07 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $139.27, a PE ratio of 6.63 and a beta of -0.24. Big 5 Sporting Goods Corporation has a fifty-two week low of $6.00 and a fifty-two week high of $20.35.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) last posted its quarterly earnings results on Tuesday, October 31st. The company reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. The company had revenue of $270.47 million during the quarter, compared to analysts’ expectations of $272.27 million. Big 5 Sporting Goods Corporation had a return on equity of 10.37% and a net margin of 2.11%. The firm’s revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 EPS. equities research analysts forecast that Big 5 Sporting Goods Corporation will post 0.88 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 9.16%. The ex-dividend date is Thursday, November 30th. Big 5 Sporting Goods Corporation’s dividend payout ratio (DPR) is 60.00%.

Big 5 Sporting Goods Corporation 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. 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.

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Institutional Ownership by Quarter for Big 5 Sporting Goods Corporation (NASDAQ:BGFV)

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