Victory Capital Management Inc. Sells 34,848 Shares of Big 5 Sporting Goods Co. (NASDAQ:BGFV)

Victory Capital Management Inc. decreased its holdings in shares of Big 5 Sporting Goods Co. (NASDAQ:BGFV) by 31.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,048 shares of the company’s stock after selling 34,848 shares during the quarter. Victory Capital Management Inc. owned about 0.33% of Big 5 Sporting Goods worth $476,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Gamco Investors INC. ET AL lifted its position in Big 5 Sporting Goods by 101.0% in the third quarter. Gamco Investors INC. ET AL now owns 195,000 shares of the company’s stock worth $1,367,000 after purchasing an additional 98,000 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of Big 5 Sporting Goods during the 4th quarter valued at about $372,000. Cambria Investment Management L.P. increased its stake 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 acquiring an additional 36,918 shares during the period. Gabelli Funds LLC raised its position in Big 5 Sporting Goods by 135.3% in the third quarter. Gabelli Funds LLC now owns 40,000 shares of the company’s stock worth $280,000 after purchasing an additional 23,000 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Big 5 Sporting Goods during the fourth quarter worth about $74,000. Institutional investors and hedge funds own 41.98% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. StockNews.com cut Big 5 Sporting Goods from a “hold” rating to a “sell” rating in a report on Saturday, May 4th. TheStreet lowered Big 5 Sporting Goods from a “c” rating to a “d+” rating in a research note on Wednesday, February 28th.

Big 5 Sporting Goods Price Performance

Shares of Big 5 Sporting Goods stock opened at $3.22 on Friday. The stock has a market capitalization of $72.84 million, a price-to-earnings ratio of -4.47 and a beta of 2.37. The firm’s 50-day moving average price is $3.41 and its two-hundred day moving average price is $4.74. The company has a current ratio of 1.56, a quick ratio of 0.17 and a debt-to-equity ratio of 0.05. Big 5 Sporting Goods Co. has a 1-year low of $3.00 and a 1-year high of $9.99.

Big 5 Sporting Goods (NASDAQ:BGFV) last released its quarterly earnings results on Tuesday, April 30th. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.03). Big 5 Sporting Goods had a negative net margin of 1.82% and a negative return on equity of 6.26%. The business had revenue of $193.43 million for the quarter.

Big 5 Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 6.21%. The ex-dividend date of this dividend is Friday, May 31st. Big 5 Sporting Goods’s payout ratio is presently -27.78%.

About Big 5 Sporting Goods

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.