Smith Asset Management Group LP bought a new stake in shares of Big 5 Sporting Goods Corporation (NASDAQ:BGFV) during the second quarter, according to its most recent 13F filing with the SEC. The firm bought 14,360 shares of the company’s stock, valued at approximately $187,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp increased its position in shares of Big 5 Sporting Goods Corporation by 14.1% in the fourth quarter. State Street Corp now owns 521,732 shares of the company’s stock valued at $9,049,000 after buying an additional 64,365 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Big 5 Sporting Goods Corporation by 30.0% in the first quarter. Principal Financial Group Inc. now owns 661,535 shares of the company’s stock valued at $9,989,000 after buying an additional 152,667 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Big 5 Sporting Goods Corporation by 83.5% in the first quarter. Prudential Financial Inc. now owns 69,749 shares of the company’s stock valued at $1,053,000 after buying an additional 31,735 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Big 5 Sporting Goods Corporation by 1,425.8% in the first quarter. JPMorgan Chase & Co. now owns 178,900 shares of the company’s stock valued at $2,701,000 after buying an additional 167,175 shares during the last quarter. Finally, Koch Industries Inc. purchased a new position in shares of Big 5 Sporting Goods Corporation during the first quarter valued at $210,000.

Shares of Big 5 Sporting Goods Corporation (NASDAQ:BGFV) opened at 8.25 on Wednesday. The stock has a market cap of $179.40 million, a PE ratio of 7.58 and a beta of -0.09. Big 5 Sporting Goods Corporation has a 12-month low of $8.20 and a 12-month high of $20.35. The firm has a 50-day moving average price of $11.13 and a 200 day moving average price of $13.74.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) last announced its earnings results on Tuesday, August 1st. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.19 by $0.06. Big 5 Sporting Goods Corporation had a net margin of 2.30% and a return on equity of 11.86%. The company had revenue of $243.67 million for the quarter, compared to analysts’ expectations of $251.03 million. During the same period in the prior year, the company earned $0.11 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. Equities research analysts predict that Big 5 Sporting Goods Corporation will post $0.93 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 7.27%. The ex-dividend date is Wednesday, August 30th. Big 5 Sporting Goods Corporation’s dividend payout ratio is 54.55%.

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BGFV has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Big 5 Sporting Goods Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. ValuEngine downgraded shares of Big 5 Sporting Goods Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Deutsche Bank AG reissued a “buy” rating and issued a $20.00 target price (up previously from $18.00) on shares of Big 5 Sporting Goods Corporation in a research note on Wednesday, May 3rd. Forward View reissued a “hold” rating and issued a $11.00 target price on shares of Big 5 Sporting Goods Corporation in a research note on Tuesday, August 8th. Finally, BidaskClub downgraded shares of Big 5 Sporting Goods Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. Big 5 Sporting Goods Corporation presently has an average rating of “Hold” and an average target price of $12.67.

In other news, Director Van B. Honeycutt sold 12,000 shares of the company’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $13.83, for a total transaction of $165,960.00. Following the completion of the sale, the director now directly owns 14,400 shares of the company’s stock, valued at $199,152. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 15,095 shares of company stock valued at $207,972. 7.90% of the stock is currently owned by company insiders.

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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