Dynamic Technology Lab Private Ltd decreased its stake in shares of Big 5 Sporting Goods Corporation (NASDAQ:BGFV) by 45.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,114 shares of the company’s stock after selling 11,135 shares during the period. Dynamic Technology Lab Private Ltd owned approximately 0.06% of Big 5 Sporting Goods Corporation worth $172,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Texas Permanent School Fund increased its position in shares of Big 5 Sporting Goods Corporation by 1.4% during the second quarter. Texas Permanent School Fund now owns 13,102 shares of the company’s stock worth $171,000 after acquiring an additional 185 shares in the last quarter. Zacks Investment Management increased its position in shares of Big 5 Sporting Goods Corporation by 8.1% during the second quarter. Zacks Investment Management now owns 20,269 shares of the company’s stock worth $265,000 after acquiring an additional 1,521 shares in the last quarter. Legal & General Group Plc increased its position in shares of Big 5 Sporting Goods Corporation by 5.5% during the second quarter. Legal & General Group Plc now owns 31,683 shares of the company’s stock worth $414,000 after acquiring an additional 1,650 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Big 5 Sporting Goods Corporation by 6.6% during the second quarter. California State Teachers Retirement System now owns 37,229 shares of the company’s stock worth $486,000 after acquiring an additional 2,300 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of Big 5 Sporting Goods Corporation by 45.4% during the second quarter. BNP Paribas Arbitrage SA now owns 7,954 shares of the company’s stock worth $104,000 after acquiring an additional 2,482 shares in the last quarter.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $0.28 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.28. The firm had revenue of $270.47 million for the quarter, compared to the consensus estimate of $272.27 million. Big 5 Sporting Goods Corporation had a net margin of 2.11% and a return on equity of 10.37%. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.38 EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 8.76%. The ex-dividend date of this dividend is Thursday, November 30th. Big 5 Sporting Goods Corporation’s dividend payout ratio is 60.00%.

Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Big 5 Sporting Goods Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 3rd. TheStreet cut shares of 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 set a $11.00 target price on shares of Big 5 Sporting Goods Corporation in a report on Tuesday, August 8th. Deutsche Bank AG cut shares of Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating and reduced their target price for the stock from $20.00 to $10.00 in a report on Wednesday, August 2nd. Finally, ValuEngine cut shares of Big 5 Sporting Goods Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $9.00.

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In related news, Director Van B. Honeycutt purchased 48,000 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The shares were bought at an average cost of $7.71 per share, with a total value of $370,080.00. Following the acquisition, the director now owns 18,600 shares of the company’s stock, valued at $143,406. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 7.90% of the stock is owned by insiders.

Big 5 Sporting Goods Corporation 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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