Stratos Wealth Partners LTD. Invests $68,000 in Big 5 Sporting Goods Co. (NASDAQ:BGFV)

Stratos Wealth Partners LTD. acquired a new position in shares of Big 5 Sporting Goods Co. (NASDAQ:BGFV) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,670 shares of the company’s stock, valued at approximately $68,000.

Several other large investors have also modified their holdings of the stock. BlackRock Inc. lifted its holdings in shares of Big 5 Sporting Goods by 7.1% during the 2nd quarter. BlackRock Inc. now owns 1,515,288 shares of the company’s stock worth $13,880,000 after acquiring an additional 99,963 shares during the period. Vanguard Group Inc. raised its holdings in Big 5 Sporting Goods by 2.0% in the first quarter. Vanguard Group Inc. now owns 1,102,764 shares of the company’s stock valued at $18,913,000 after buying an additional 21,192 shares during the period. State Street Corp raised its holdings in Big 5 Sporting Goods by 6.2% in the first quarter. State Street Corp now owns 733,624 shares of the company’s stock valued at $12,582,000 after buying an additional 42,894 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Big 5 Sporting Goods by 15.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 515,629 shares of the company’s stock valued at $3,615,000 after buying an additional 68,064 shares during the period. Finally, Cambria Investment Management L.P. raised its holdings in Big 5 Sporting Goods by 8.5% in the third quarter. Cambria Investment Management L.P. now owns 472,902 shares of the company’s stock valued at $3,315,000 after buying an additional 36,918 shares during the period. 41.98% of the stock is currently owned by hedge funds and other institutional investors.

Big 5 Sporting Goods Stock Down 2.6 %

Shares of NASDAQ:BGFV opened at $3.03 on Thursday. The company has a quick ratio of 0.18, a current ratio of 1.63 and a debt-to-equity ratio of 0.05. Big 5 Sporting Goods Co. has a 52-week low of $3.01 and a 52-week high of $9.99. The company has a 50 day moving average of $4.15 and a two-hundred day moving average of $5.41. The company has a market capitalization of $67.99 million, a price-to-earnings ratio of -9.18 and a beta of 2.35.

Big 5 Sporting Goods (NASDAQ:BGFV) last issued its quarterly earnings data on Tuesday, February 27th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.02). Big 5 Sporting Goods had a negative net margin of 0.80% and a negative return on equity of 2.77%. The firm had revenue of $196.35 million during the quarter.

Big 5 Sporting Goods Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 6.60%. The ex-dividend date was Thursday, March 7th. Big 5 Sporting Goods’s dividend payout ratio (DPR) is -60.61%.

Analyst Ratings Changes

Several research firms recently commented on BGFV. StockNews.com lowered shares of Big 5 Sporting Goods from a “hold” rating to a “sell” rating in a report on Wednesday. TheStreet lowered shares of Big 5 Sporting Goods from a “c” rating to a “d+” rating in a report on Wednesday, February 28th.

Big 5 Sporting Goods Company Profile

Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. Its products include athletic shoes, apparel, and accessories. The company 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.