Teton Advisors Inc. Cuts Holdings in Big 5 Sporting Goods Co. (BGFV)

Teton Advisors Inc. lowered its stake in Big 5 Sporting Goods Co. (NASDAQ:BGFV) by 23.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 103,000 shares of the company’s stock after selling 32,000 shares during the quarter. Teton Advisors Inc. owned about 0.48% of Big 5 Sporting Goods worth $525,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GSA Capital Partners LLP bought a new position in Big 5 Sporting Goods in the second quarter valued at approximately $280,000. KBC Group NV lifted its stake in Big 5 Sporting Goods by 33.7% in the second quarter. KBC Group NV now owns 120,735 shares of the company’s stock valued at $918,000 after buying an additional 30,430 shares in the last quarter. Millennium Management LLC bought a new position in Big 5 Sporting Goods in the second quarter valued at approximately $934,000. Gamco Investors INC. ET AL lifted its stake in Big 5 Sporting Goods by 9.1% in the third quarter. Gamco Investors INC. ET AL now owns 246,400 shares of the company’s stock valued at $1,257,000 after buying an additional 20,500 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Big 5 Sporting Goods by 26.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 397,402 shares of the company’s stock valued at $3,021,000 after buying an additional 82,048 shares in the last quarter. 73.20% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ BGFV opened at $3.59 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.22 and a current ratio of 2.36. Big 5 Sporting Goods Co. has a 12-month low of $3.21 and a 12-month high of $9.75. The company has a market capitalization of $87.64 million, a PE ratio of 6.44 and a beta of -0.44.

Big 5 Sporting Goods (NASDAQ:BGFV) last posted its quarterly earnings data on Tuesday, October 30th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.04). Big 5 Sporting Goods had a negative net margin of 1.16% and a negative return on equity of 0.15%. The business had revenue of $266.35 million during the quarter, compared to analyst estimates of $277.63 million. On average, analysts predict that Big 5 Sporting Goods Co. will post -0.12 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.57%. Big 5 Sporting Goods’s dividend payout ratio (DPR) is presently 105.26%.

A number of brokerages have weighed in on BGFV. Deutsche Bank cut their price target on shares of Big 5 Sporting Goods from $7.50 to $5.00 and set a “hold” rating on the stock in a research note on Wednesday, August 1st. ValuEngine upgraded shares of Big 5 Sporting Goods from a “strong sell” rating to a “sell” rating in a report on Friday, August 3rd. Finally, Zacks Investment Research downgraded shares of Big 5 Sporting Goods from a “hold” rating to a “strong sell” rating in a report on Friday, August 3rd.

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

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