Big 5 Sporting Goods Co. (BGFV) Position Boosted by Gabelli Funds LLC

Gabelli Funds LLC lifted its holdings in Big 5 Sporting Goods Co. (NASDAQ:BGFV) by 25.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 175,000 shares of the company’s stock after purchasing an additional 35,000 shares during the period. Gabelli Funds LLC’s holdings in Big 5 Sporting Goods were worth $1,330,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Schwab Charles Investment Management Inc. increased its stake in shares of Big 5 Sporting Goods by 65.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 226,614 shares of the company’s stock valued at $1,723,000 after purchasing an additional 89,340 shares in the last quarter. Adams Asset Advisors LLC purchased a new position in shares of Big 5 Sporting Goods in the 4th quarter valued at about $1,261,000. California Public Employees Retirement System increased its stake in shares of Big 5 Sporting Goods by 24.1% in the 3rd quarter. California Public Employees Retirement System now owns 112,824 shares of the company’s stock valued at $863,000 after purchasing an additional 21,924 shares in the last quarter. Boothbay Fund Management LLC purchased a new position in shares of Big 5 Sporting Goods in the 3rd quarter valued at about $393,000. Finally, Allianz Asset Management GmbH increased its stake in shares of Big 5 Sporting Goods by 13.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 601,150 shares of the company’s stock valued at $4,599,000 after purchasing an additional 71,382 shares in the last quarter.

Shares of Big 5 Sporting Goods Co. (BGFV) opened at $5.70 on Thursday. The company has a quick ratio of 0.16, a current ratio of 2.07 and a debt-to-equity ratio of 0.24. Big 5 Sporting Goods Co. has a twelve month low of $5.05 and a twelve month high of $17.10. The stock has a market capitalization of $114.63, a PE ratio of 5.46 and a beta of -0.38.

In other news, Director Van B. Honeycutt acquired 43,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were bought at an average cost of $7.26 per share, for a total transaction of $312,180.00. Following the acquisition, the director now owns 18,600 shares in the company, valued at approximately $135,036. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 7.90% of the company’s stock.

BGFV has been the subject of several recent analyst reports. Zacks Investment Research lowered Big 5 Sporting Goods from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. ValuEngine lowered Big 5 Sporting Goods from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company currently has an average rating of “Hold” and an average price target of $8.67.

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Big 5 Sporting Goods Profile

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

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