Insider Selling: Big 5 Sporting Goods Co. (NASDAQ:BGFV) VP Sells 5,250 Shares of Stock

Shane O. Starr, vice president of Big 5 Sporting Goods Co. (NASDAQ:BGFV – Get Rating), sold 5,250 shares of the company in a transaction on Wednesday, March 8th. The shares sold at an average price of $9.00 for a total transaction of $47,250.00. Following the closing of the sale, the Vice President now owns 14,950 shares of the company, valued at approximately $134,550. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website.

Big 5 sporting goods retail down 5.4%

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Shares of BGFV fell $0.46 on Friday midday to hit $8.08. The company had a trading volume of 431,160 shares compared to its average volume of 315,405. The company’s 50-day simple moving average is $9.55 and its 200-day simple moving average is $10.89. The company has a quick ratio of 0.26, a current ratio of 1.69 and a debt to equity ratio of 0.03. Big 5 Sporting Goods Co. has a 1-year low of $8.06 and a 1-year high of $19.60. The stock has a market cap of $179.21 million, a P/E of 7.18 and a beta of 2.71.

Big 5 sporting goods dividend announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Friday, March 10 will receive a dividend of $0.25 per share. The ex-dividend date is Thursday March 9th. That equates to a dividend of $1.00 on an annualized basis and a yield of 12.38%. The Big 5 Sporting Goods Dividend Payout Ratio (DPR) is 84.03%.

Institutional inflows and outflows

A number of hedge funds and other institutional investors have recently bought and sold shares in BGFV. Russell Investments Group Ltd. acquired a new position in Big 5 Sporting Goods valued at approximately $26,000 during the third quarter. Great West Life Assurance Co. Can increased its position in Big 5 Sporting Goods stocks by 182.8% in the first quarter. Great West Life Assurance Co. Can now owns 1,459 shares of the company’s stock valued at $26,000 after purchasing an additional 943 shares last quarter. Covestor Ltd purchased a new position in Big 5 Sporting Goods stock valued at $65,000 during the first quarter. Barclays PLC increased its position in Big 5 Sporting Goods stocks by 881.2% in the fourth quarter. Barclays PLC now owns 8,939 shares of the company’s shares, valued at $79,000, after purchasing an additional 8,028 shares last quarter. Finally, BNP Paribas Arbitrage SNC increased its position in Big 5 sporting goods stocks by 20.7% in the third quarter. BNP Paribas Arbitrage SNC now owns 9,893 shares of the company’s stock, valued at $106,000, after purchasing an additional 1,699 shares last quarter. 45.98% of the shares are owned by institutional investors and hedge funds.

Changes in analyst ratings

A number of equity analysts have recently provided comment on BGFV stock. StockNews.com downgraded shares of the Big 5 Sporting Goods from a “buy” rating to a “hold” rating in a report Thursday, January 26th. TheStreet downgraded shares of Big 5 Sporting Goods from a “b-” rating to a “c” rating in a research report on Wednesday, March 1.

About Big 5 sporting goods

(get rating)

Big 5 Sporting Goods Corp. acts as a holding company. The object of the company is the retail sale of sporting goods. Products include athletic footwear, apparel and accessories, as well as outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, winter and summer recreation, and roller sports.

Further reading

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