20,225 Shares in Big 5 Sporting Goods Co. (NASDAQ:BGFV) Purchased by Qube Research & Technologies Ltd
Qube Research & Technologies Ltd acquired a new position in Big 5 Sporting Goods Co. (NASDAQ:BGFV – Get Rating) during the first quarter, the company said in its most recent filing with the Securities and Exchange Commission. The company purchased 20,225 shares of the company’s stock valued at approximately $347,000. Qube Research & Technologies Ltd owned 0.09% of the Big 5 Sporting Goods at the end of the last reporting period.
Several other institutional investors have recently added to or reduced their stakes in BGFV. Point72 Hong Kong Ltd increased its position in Big 5 Sporting Goods by 487.8% in the fourth quarter. Point72 Hong Kong Ltd now owns 1,446 shares of the company, valued at $27,000, having purchased a further 1,200 shares during the period. Byrne Asset Management LLC increased its position in Big 5 sporting goods by 125.7% in the first quarter. Byrne Asset Management LLC now owns 2,783 shares of the company’s stock valued at $48,000 after purchasing an additional 1,550 shares during the period. KBC Group NV increased its position in Big 5 Sporting Goods by 156.8% in the first quarter. KBC Group NV now owns 6,449 shares in the company, valued at $111,000, having bought a further 3,938 shares during the period. Nisa Investment Advisors LLC increased its position in Big 5 Sporting Goods by 29.0% in the first quarter. Nisa Investment Advisors LLC now owns 8,000 shares of the company valued at $137,000 after purchasing an additional 1,800 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its position in Big 5 Sporting Goods by 13.1% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 12,202 shares of the company’s stock valued at $209,000 after purchasing an additional 1,416 shares during the period. Hedge funds and other institutional investors own 51.78% of the company’s shares.
Changes in analyst ratings
Separately, StockNews.com downgraded shares of the Big 5 Sporting Goods from a “buy” rating to a “hold” rating in a research report Thursday, May 5.
Big 5 sporting goods inventory down 3.1%
NASDAQ:BGFV opened at $11.97 on Thursday. Big 5 Sporting Goods Co. has a 52-week low of $10.39 and a 52-week high of $47.65. The stock has a market cap of $265.45 million, a P/E of 4.31 and a beta of 2.63. The company has a gearing ratio of 0.02, a quick ratio of 0.26 and a current ratio of 1.54. The company’s 50-day simple moving average is $12.16 and its 200-day simple moving average is $14.22.
Big 5 sporting goods dividend announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1 will receive a dividend of $0.25. That equates to a dividend of $1.00 on an annualized basis and a dividend yield of 8.35%. The ex-dividend date is Wednesday 31st August. The Big 5 Sporting Goods payout ratio is currently 35.97%.
Big 5 sporting goods company profile
(received rating)
Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. The Company’s products include athletic shoes, apparel and accessories. It also offers a selection of outdoor and sports equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, and winter and summer recreation and home recreation.
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