Russell Investments Group Ltd. cut its stake in Big 5 Sporting Goods Co. (NASDAQ:BGFV) by 83.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,923 shares of the company’s stock after selling 421,729 shares during the period. Russell Investments Group Ltd. owned 0.40% of Big 5 Sporting Goods worth $657,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its holdings in shares of Big 5 Sporting Goods by 45.4% during the second quarter. BNP Paribas Arbitrage SA now owns 7,954 shares of the company’s stock valued at $104,000 after purchasing an additional 2,482 shares during the period. Alliancebernstein L.P. acquired a new position in shares of Big 5 Sporting Goods during the second quarter valued at $133,000. Connors Investor Services Inc. increased its holdings in shares of Big 5 Sporting Goods by 18.2% during the second quarter. Connors Investor Services Inc. now owns 16,236 shares of the company’s stock valued at $212,000 after purchasing an additional 2,500 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Big 5 Sporting Goods by 27.4% during the second quarter. The Manufacturers Life Insurance Company now owns 16,874 shares of the company’s stock valued at $219,000 after purchasing an additional 3,625 shares during the period. Finally, Quantbot Technologies LP increased its holdings in shares of Big 5 Sporting Goods by 108.7% during the second quarter. Quantbot Technologies LP now owns 17,359 shares of the company’s stock valued at $226,000 after purchasing an additional 9,043 shares during the period.

A number of brokerages have recently commented on BGFV. ValuEngine raised Big 5 Sporting Goods from a “hold” rating to a “buy” rating in a report on Thursday, October 5th. Zacks Investment Research raised Big 5 Sporting Goods from a “strong sell” rating to a “hold” rating in a report on Monday, December 18th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $9.00.

In other news, Director Van B. Honeycutt bought 43,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were purchased at an average cost of $7.26 per share, with a total value of $312,180.00. Following the completion of the acquisition, the director now directly owns 18,600 shares in the company, valued at $135,036. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.90% of the stock is owned by insiders.

Big 5 Sporting Goods Co. (NASDAQ BGFV) opened at $7.25 on Wednesday. The stock has a market capitalization of $155.34, a PE ratio of 7.25 and a beta of -0.07. Big 5 Sporting Goods Co. has a fifty-two week low of $6.00 and a fifty-two week high of $17.50. The company has a current ratio of 2.07, a quick ratio of 0.16 and a debt-to-equity ratio of 0.24.

Big 5 Sporting Goods (NASDAQ:BGFV) last released its earnings results on Tuesday, October 31st. The company reported $0.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.28. The firm had revenue of $270.47 million for the quarter, compared to analyst estimates of $272.27 million. Big 5 Sporting Goods had a return on equity of 10.37% and a net margin of 2.11%. Big 5 Sporting Goods’s revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.38 earnings per share. analysts anticipate that Big 5 Sporting Goods Co. will post 0.9 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 8.28%. The ex-dividend date of this dividend was Thursday, November 30th. Big 5 Sporting Goods’s payout ratio is currently 60.00%.

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Big 5 Sporting Goods 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 (NASDAQ:BGFV)

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