SG Americas Securities LLC Acquires Shares of 11,720 Big 5 Sporting Goods Co. (NASDAQ:BGFV)

SG Americas Securities LLC bought a new position in shares of Big 5 Sporting Goods Co. (NASDAQ:BGFV) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 11,720 shares of the company’s stock, valued at approximately $74,000.

A number of other large investors have also modified their holdings of the business. Renaissance Technologies LLC purchased a new position in shares of Big 5 Sporting Goods in the first quarter worth about $5,423,000. Goldman Sachs Group Inc. increased its position in shares of Big 5 Sporting Goods by 238.9% during the first quarter. Goldman Sachs Group Inc. now owns 289,221 shares of the company’s stock valued at $4,960,000 after acquiring an additional 203,878 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Big 5 Sporting Goods by 335.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 184,538 shares of the company’s stock valued at $3,165,000 after acquiring an additional 142,140 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Big 5 Sporting Goods by 171.5% during the second quarter. Prudential Financial Inc. now owns 184,595 shares of the company’s stock valued at $2,069,000 after acquiring an additional 116,600 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of Big 5 Sporting Goods by 7.1% during the second quarter. BlackRock Inc. now owns 1,515,288 shares of the company’s stock valued at $13,880,000 after acquiring an additional 99,963 shares during the last quarter. Hedge funds and other institutional investors own 41.98% of the company’s stock.

Big 5 Sporting Goods Stock Up 2.0 %

Shares of NASDAQ:BGFV opened at $3.09 on Friday. The company has a market capitalization of $69.34 million, a PE ratio of -9.36 and a beta of 2.35. The company has a current ratio of 1.63, a quick ratio of 0.18 and a debt-to-equity ratio of 0.05. Big 5 Sporting Goods Co. has a twelve month low of $3.00 and a twelve month high of $9.99. The firm has a 50 day simple moving average of $4.07 and a 200-day simple moving average of $5.36.

Big 5 Sporting Goods (NASDAQ:BGFV) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.02). Big 5 Sporting Goods had a negative net margin of 0.80% and a negative return on equity of 2.77%. The business had revenue of $196.35 million during the quarter.

Big 5 Sporting Goods Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a $0.05 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.20 annualized dividend and a yield of 6.47%. Big 5 Sporting Goods’s dividend payout ratio is currently -60.61%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on BGFV shares. StockNews.com cut shares of Big 5 Sporting Goods from a “hold” rating to a “sell” rating in a research report on Wednesday. TheStreet cut shares of Big 5 Sporting Goods from a “c” rating to a “d+” rating in a report on Wednesday, February 28th.

About Big 5 Sporting Goods

Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. Its products include athletic shoes, apparel, and accessories. The company also offers a selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, and winter and summer recreation, as well as home recreation.