Allspring Global Investments Holdings LLC Buys 15,991 Shares of Big 5 Sporting Goods Co. (NASDAQ:BGFV)

Allspring Global Investments Holdings LLC boosted its stake in Big 5 Sporting Goods Co. (NASDAQ:BGFVGet Rating) by 99.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,051 shares of the company’s stock after purchasing an additional 15,991 shares during the period. Allspring Global Investments Holdings LLC owned about 0.14% of Big 5 Sporting Goods worth $344,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Great West Life Assurance Co. Can lifted its stake in Big 5 Sporting Goods by 182.8% in the 1st 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 during the last quarter. Amalgamated Bank bought a new position in Big 5 Sporting Goods in the 1st quarter valued at approximately $43,000. Byrne Asset Management LLC lifted its stake in Big 5 Sporting Goods by 42.4% in the 2nd quarter. Byrne Asset Management LLC now owns 3,963 shares of the company’s stock valued at $49,000 after purchasing an additional 1,180 shares during the last quarter. Covestor Ltd bought a new position in Big 5 Sporting Goods in the 1st quarter valued at approximately $65,000. Finally, Clear Street Markets LLC lifted its stake in Big 5 Sporting Goods by 66.1% in the 2nd quarter. Clear Street Markets LLC now owns 9,800 shares of the company’s stock valued at $110,000 after purchasing an additional 3,900 shares during the last quarter. Institutional investors own 45.98% of the company’s stock.

Big 5 Sporting Goods Trading Down 0.3 %

Shares of NASDAQ BGFV opened at $9.77 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.26 and a current ratio of 1.61. Big 5 Sporting Goods Co. has a 52-week low of $8.36 and a 52-week high of $20.20. The firm has a 50 day moving average price of $10.53 and a two-hundred day moving average price of $11.53. The stock has a market cap of $216.74 million, a P/E ratio of 4.89 and a beta of 2.55.

Big 5 Sporting Goods (NASDAQ:BGFVGet Rating) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. Big 5 Sporting Goods had a net margin of 4.30% and a return on equity of 16.43%. The firm had revenue of $261.45 million during the quarter. As a group, equities analysts forecast that Big 5 Sporting Goods Co. will post 1.17 EPS for the current year.

Big 5 Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 10.24%. The ex-dividend date was Wednesday, November 30th. Big 5 Sporting Goods’s dividend payout ratio is presently 50.00%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Big 5 Sporting Goods from a “buy” rating to a “hold” rating in a research report on Friday, January 13th.

Insider Activity at Big 5 Sporting Goods

In other news, Director Jennifer Holden Dunbar sold 2,000 shares of Big 5 Sporting Goods stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $12.70, for a total value of $25,400.00. Following the completion of the transaction, the director now directly owns 14,143 shares of the company’s stock, valued at approximately $179,616.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Jennifer Holden Dunbar sold 2,000 shares of Big 5 Sporting Goods stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $12.70, for a total value of $25,400.00. Following the completion of the transaction, the director now directly owns 14,143 shares of the company’s stock, valued at approximately $179,616.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Jeffrey L. Fraley sold 3,268 shares of Big 5 Sporting Goods stock in a transaction dated Thursday, November 3rd. The stock was sold at an average price of $12.28, for a total value of $40,131.04. Following the completion of the transaction, the vice president now directly owns 13,775 shares of the company’s stock, valued at $169,157. The disclosure for this sale can be found here. 4.90% of the stock is owned by company insiders.

Big 5 Sporting Goods Company Profile

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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 athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, and winter and summer recreation, as well as home recreation.

See Also

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

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