Two Sigma Investments LP Boosts Holdings in Big 5 Sporting Goods (BGFV)

Two Sigma Investments LP grew its holdings in shares of Big 5 Sporting Goods (NASDAQ:BGFV) by 70.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,091 shares of the company’s stock after acquiring an additional 20,709 shares during the quarter. Two Sigma Investments LP owned 0.23% of Big 5 Sporting Goods worth $381,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company raised its stake in shares of Big 5 Sporting Goods by 3,976.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 17,649 shares of the company’s stock worth $134,000 after acquiring an additional 17,216 shares in the last quarter. AlphaStar Capital Management LLC purchased a new position in shares of Big 5 Sporting Goods during the fourth quarter worth approximately $165,000. Investors Research Corp purchased a new position in shares of Big 5 Sporting Goods during the fourth quarter worth approximately $170,000. Monashee Investment Management LLC purchased a new position in shares of Big 5 Sporting Goods during the fourth quarter worth approximately $228,000. Finally, Arizona State Retirement System raised its stake in shares of Big 5 Sporting Goods by 216.4% during the fourth quarter. Arizona State Retirement System now owns 33,850 shares of the company’s stock worth $257,000 after acquiring an additional 23,150 shares in the last quarter. 92.00% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of NASDAQ BGFV opened at $7.90 on Tuesday. The company has a current ratio of 1.91, a quick ratio of 0.20 and a debt-to-equity ratio of 0.26. Big 5 Sporting Goods has a 52 week low of $5.05 and a 52 week high of $17.10. The firm has a market capitalization of $165.92, a P/E ratio of 14.18 and a beta of -0.62.

Big 5 Sporting Goods (NASDAQ:BGFV) last issued its earnings results on Tuesday, February 27th. The company reported ($0.10) EPS for the quarter, hitting the consensus estimate of ($0.10). Big 5 Sporting Goods had a net margin of 0.11% and a return on equity of 5.97%. The company had revenue of $242.89 million for the quarter, compared to the consensus estimate of $262.18 million. During the same period in the previous year, the firm earned $0.35 earnings per share. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis. analysts anticipate that Big 5 Sporting Goods will post 0.56 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Friday, March 9th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 7.59%. The ex-dividend date was Thursday, March 8th. Big 5 Sporting Goods’s payout ratio is 105.26%.

In other news, Director Van B. Honeycutt bought 11,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were bought at an average cost of $6.00 per share, with a total value of $66,000.00. Following the completion of the purchase, the director now directly owns 18,600 shares in the company, valued at $111,600. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Van B. Honeycutt bought 32,000 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The stock was purchased at an average cost of $6.18 per share, for a total transaction of $197,760.00. Following the completion of the purchase, the director now owns 18,600 shares of the company’s stock, valued at $114,948. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 79,000 shares of company stock worth $506,390. 7.90% of the stock is owned by insiders.

Several research analysts have commented on BGFV shares. Zacks Investment Research raised shares of Big 5 Sporting Goods from a “strong sell” rating to a “hold” rating in a research note on Monday, December 18th. ValuEngine raised shares of Big 5 Sporting Goods from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.67.

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Big 5 Sporting Goods Company Profile

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

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

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