Allianz Asset Management GmbH lowered its position in shares of Big 5 Sporting Goods Co. (NASDAQ:BGFV) by 44.4% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 173,862 shares of the company’s stock after selling 138,681 shares during the period. Allianz Asset Management GmbH’s holdings in Big 5 Sporting Goods were worth $1,260,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in BGFV. Landscape Capital Management L.L.C. bought a new position in Big 5 Sporting Goods during the first quarter valued at about $3,688,000. Guggenheim Capital LLC boosted its stake in Big 5 Sporting Goods by 102.7% during the fourth quarter. Guggenheim Capital LLC now owns 605,285 shares of the company’s stock valued at $4,600,000 after buying an additional 306,723 shares in the last quarter. Cove Street Capital LLC bought a new position in Big 5 Sporting Goods during the first quarter valued at about $1,450,000. Bank of New York Mellon Corp boosted its stake in Big 5 Sporting Goods by 42.8% during the fourth quarter. Bank of New York Mellon Corp now owns 528,953 shares of the company’s stock valued at $4,020,000 after buying an additional 158,613 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in Big 5 Sporting Goods by 65.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 226,614 shares of the company’s stock valued at $1,723,000 after buying an additional 89,340 shares in the last quarter. 76.07% of the stock is owned by institutional investors and hedge funds.
In other Big 5 Sporting Goods news, Director Sandra N. Bane sold 6,000 shares of the firm’s stock in a transaction dated Friday, May 25th. The stock was sold at an average price of $8.43, for a total transaction of $50,580.00. Following the completion of the sale, the director now directly owns 31,839 shares in the company, valued at approximately $268,402.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 9,389 shares of company stock valued at $79,032 over the last 90 days. Corporate insiders own 7.30% of the company’s stock.
BGFV has been the subject of a number of recent analyst reports. ValuEngine lowered Big 5 Sporting Goods from a “sell” rating to a “strong sell” rating in a research report on Friday, June 1st. Zacks Investment Research upgraded Big 5 Sporting Goods from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 13th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $9.08.
Big 5 Sporting Goods opened at $7.60 on Friday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.17 and a quick ratio of 0.19. Big 5 Sporting Goods Co. has a 1-year low of $5.05 and a 1-year high of $13.40. The firm has a market capitalization of $163.83 million, a P/E ratio of 13.33 and a beta of -0.70.
Big 5 Sporting Goods (NASDAQ:BGFV) last released its quarterly earnings results on Tuesday, May 1st. The company reported ($0.05) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.09. Big 5 Sporting Goods had a positive return on equity of 2.86% and a negative net margin of 0.56%. The business had revenue of $234.18 million during the quarter, compared to analyst estimates of $235.09 million. research analysts expect that Big 5 Sporting Goods Co. will post 0.68 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, June 1st were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, May 31st. This represents a $0.60 dividend on an annualized basis and a yield of 7.89%. Big 5 Sporting Goods’s payout ratio is presently 105.26%.
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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