Millennium Management LLC Sells 19,613 Shares of Big 5 Sporting Goods Co. (NASDAQ:BGFV)

Millennium Management LLC lowered its position in Big 5 Sporting Goods Co. (NASDAQ:BGFV) by 10.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 167,108 shares of the company’s stock after selling 19,613 shares during the quarter. Millennium Management LLC owned approximately 0.74% of Big 5 Sporting Goods worth $299,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Bridgeway Capital Management LLC grew its stake in Big 5 Sporting Goods by 12.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 309,830 shares of the company’s stock worth $555,000 after purchasing an additional 33,113 shares in the last quarter. Jane Street Group LLC grew its stake in Big 5 Sporting Goods by 63.4% in the fourth quarter. Jane Street Group LLC now owns 89,005 shares of the company’s stock worth $159,000 after purchasing an additional 34,524 shares in the last quarter. Nierenberg Investment Management Company Inc. bought a new position in Big 5 Sporting Goods in the fourth quarter worth approximately $121,000. Finally, D. E. Shaw & Co. Inc. grew its stake in Big 5 Sporting Goods by 138.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 143,921 shares of the company’s stock worth $258,000 after purchasing an additional 83,637 shares in the last quarter. Institutional investors own 41.98% of the company’s stock.

Big 5 Sporting Goods Stock Down 0.8%

Shares of NASDAQ:BGFV opened at $1.29 on Wednesday. Big 5 Sporting Goods Co. has a 52-week low of $0.80 and a 52-week high of $3.24. The stock has a market cap of $29.48 million, a P/E ratio of -0.49 and a beta of 2.01. The business’s 50 day moving average is $1.02 and its 200 day moving average is $1.32. The company has a quick ratio of 0.12, a current ratio of 1.46 and a debt-to-equity ratio of 0.05.

Big 5 Sporting Goods (NASDAQ:BGFV) last announced its earnings results on Tuesday, April 29th. The company reported ($0.78) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.80) by $0.02. The business had revenue of $175.65 million for the quarter. Big 5 Sporting Goods had a negative return on equity of 15.34% and a negative net margin of 7.04%. Sell-side analysts predict that Big 5 Sporting Goods Co. will post -3.16 EPS for the current year.

Big 5 Sporting Goods Profile

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.