Systematic Financial Management LP Has $1.61 Million Stake in Big 5 Sporting Goods Corporation (BGFV)

Systematic Financial Management LP increased its position in Big 5 Sporting Goods Corporation (NASDAQ:BGFV) by 27.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,445 shares of the company’s stock after buying an additional 22,980 shares during the period. Systematic Financial Management LP owned approximately 0.49% of Big 5 Sporting Goods Corporation worth $1,607,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. State Street Corp increased its stake 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 worth $9,049,000 after buying an additional 64,365 shares in the last quarter. Comerica Bank increased its stake in shares of Big 5 Sporting Goods Corporation by 5.7% in the fourth quarter. Comerica Bank now owns 18,916 shares of the company’s stock worth $305,000 after buying an additional 1,027 shares in the last quarter. New York State Teachers Retirement System increased its stake in shares of Big 5 Sporting Goods Corporation by 3.3% in the fourth quarter. New York State Teachers Retirement System now owns 53,102 shares of the company’s stock worth $921,000 after buying an additional 1,700 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Big 5 Sporting Goods Corporation by 211.2% in the fourth quarter. Renaissance Technologies LLC now owns 740,662 shares of the company’s stock worth $12,850,000 after buying an additional 502,662 shares in the last quarter. Finally, Allianz Asset Management AG acquired a new stake in shares of Big 5 Sporting Goods Corporation during the fourth quarter worth $1,468,000. 80.68% of the stock is currently owned by institutional investors and hedge funds.

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

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) traded up 0.35% during midday trading on Friday, hitting $14.30. The company had a trading volume of 856,714 shares. Big 5 Sporting Goods Corporation has a 52 week low of $8.61 and a 52 week high of $20.35. The firm has a market capitalization of $310.94 million, a P/E ratio of 13.53 and a beta of 0.03. The firm’s 50 day moving average is $14.04 and its 200-day moving average is $15.44.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) last announced its earnings results on Tuesday, May 2nd. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.10. Big 5 Sporting Goods Corporation had a net margin of 2.24% and a return on equity of 11.82%. The firm had revenue of $252.60 million during the quarter, compared to the consensus estimate of $244.29 million. On average, equities research analysts expect that Big 5 Sporting Goods Corporation will post $1.20 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend was Tuesday, May 30th. Big 5 Sporting Goods Corporation’s payout ratio is 56.08%.

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A number of equities research analysts have weighed in on the company. Deutsche Bank AG reaffirmed 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 report on Wednesday, May 3rd. Zacks Investment Research downgraded Big 5 Sporting Goods Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Finally, Forward View set a $14.00 target price on Big 5 Sporting Goods Corporation and gave the company a “hold” rating in a report on Sunday, May 28th.

In other news, Director Van B. Honeycutt sold 12,000 shares of the company’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $13.83, for a total transaction of $165,960.00. Following the completion of the transaction, the director now owns 14,400 shares of the company’s stock, valued at approximately $199,152. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jennifer Holden Dunbar sold 3,000 shares of the company’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $14.81, for a total transaction of $44,430.00. Following the transaction, the director now directly owns 24,955 shares of the company’s stock, valued at approximately $369,583.55. The disclosure for this sale can be found here. Insiders sold a total of 19,960 shares of company stock valued at $279,576 in the last three months. 7.90% of the stock is currently owned by corporate insiders.

About Big 5 Sporting Goods Corporation

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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