BNP Paribas Arbitrage SA boosted its stake in Big 5 Sporting Goods Corporation (NASDAQ:BGFV) by 45.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,954 shares of the company’s stock after purchasing an additional 2,482 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Big 5 Sporting Goods Corporation were worth $104,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in BGFV. Quantbot Technologies LP purchased a new stake in Big 5 Sporting Goods Corporation in the first quarter valued at approximately $125,000. Fox Run Management L.L.C. purchased a new stake in Big 5 Sporting Goods Corporation in the second quarter valued at approximately $147,000. Atria Investments LLC purchased a new stake in Big 5 Sporting Goods Corporation in the second quarter valued at approximately $164,000. Texas Permanent School Fund grew its holdings in Big 5 Sporting Goods Corporation by 1.4% in the second quarter. Texas Permanent School Fund now owns 13,102 shares of the company’s stock valued at $171,000 after purchasing an additional 185 shares during the period. Finally, Smith Asset Management Group LP purchased a new stake in Big 5 Sporting Goods Corporation in the second quarter valued at approximately $187,000.

Shares of Big 5 Sporting Goods Corporation (NASDAQ BGFV) opened at 7.65 on Friday. Big 5 Sporting Goods Corporation has a 1-year low of $7.10 and a 1-year high of $20.35. The stock has a market capitalization of $166.36 million, a P/E ratio of 7.03 and a beta of -0.06. The firm’s 50-day moving average is $8.27 and its 200 day moving average is $12.52.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06). The company had revenue of $243.67 million during the quarter, compared to analysts’ expectations of $251.03 million. Big 5 Sporting Goods Corporation had a return on equity of 11.86% and a net margin of 2.30%. Big 5 Sporting Goods Corporation’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the company earned $0.11 earnings per share. On average, analysts expect that Big 5 Sporting Goods Corporation will post $0.96 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.84%. The ex-dividend date of this dividend was Wednesday, August 30th. Big 5 Sporting Goods Corporation’s dividend payout ratio (DPR) is 54.55%.

A number of equities research analysts recently issued reports on the stock. Forward View restated a “hold” rating and issued a $8.00 target price on shares of Big 5 Sporting Goods Corporation in a report on Sunday, September 3rd. ValuEngine downgraded shares of Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. TheStreet downgraded shares of Big 5 Sporting Goods Corporation from a “b-” rating to a “c” rating in a report on Wednesday, August 9th. Zacks Investment Research downgraded shares of Big 5 Sporting Goods Corporation from a “hold” rating to a “strong sell” rating in a report on Friday, August 4th. Finally, Deutsche Bank AG downgraded shares of Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $20.00 to $10.00 in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $11.67.

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In other news, Director Van B. Honeycutt acquired 48,000 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The shares were purchased at an average price of $7.71 per share, for a total transaction of $370,080.00. Following the completion of the acquisition, the director now owns 18,600 shares of the company’s stock, valued at approximately $143,406. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.90% of the company’s stock.

About Big 5 Sporting Goods Corporation

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 Corporation (NASDAQ:BGFV)

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