Franklin Resources Inc. lowered its holdings in Big 5 Sporting Goods Co. (NASDAQ:BGFV – Get Rating) by 32.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,104 shares of the company's stock after selling 13,868 shares during the period. Franklin Resources Inc. owned about 0.13% of Big 5 Sporting Goods worth $326,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Great West Life Assurance Co. Can grew its stake in shares of 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 worth $26,000 after purchasing an additional 943 shares during the last quarter. Amalgamated Bank acquired a new position in shares of Big 5 Sporting Goods in the first quarter worth about $43,000. Covestor Ltd acquired a new position in shares of Big 5 Sporting Goods in the first quarter worth about $65,000. Byrne Asset Management LLC boosted its holdings in shares of Big 5 Sporting Goods by 42.4% in the second quarter. Byrne Asset Management LLC now owns 3,963 shares of the company's stock worth $49,000 after buying an additional 1,180 shares during the period. Finally, KBC Group NV boosted its holdings in shares of Big 5 Sporting Goods by 156.8% in the first quarter. KBC Group NV now owns 6,449 shares of the company's stock worth $111,000 after buying an additional 3,938 shares during the period. Institutional investors and hedge funds own 47.15% of the company's stock.
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Big 5 Sporting Goods Stock Performance
Shares of BGFV opened at $11.30 on Friday. Big 5 Sporting Goods Co. has a one year low of $10.23 and a one year high of $21.80. The company has a 50-day moving average of $12.04 and a two-hundred day moving average of $12.05. The stock has a market cap of $250.68 million, a price-to-earnings ratio of 5.65 and a beta of 2.48. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.61 and a quick ratio of 0.26.
Big 5 Sporting Goods Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 8.85%. The ex-dividend date of this dividend is Wednesday, November 30th. Big 5 Sporting Goods's dividend payout ratio is currently 50.00%.
Analysts Set New Price Targets
Separately, StockNews.com assumed coverage on shares of Big 5 Sporting Goods in a report on Wednesday, October 12th. They issued a "hold" rating for the company.
Insider Buying and Selling
In related news, Director Jennifer Holden Dunbar sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $12.70, for a total transaction of $25,400.00. Following the completion of the sale, the director now directly owns 14,143 shares in the company, valued at $179,616.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Jennifer Holden Dunbar sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $12.70, for a total transaction of $25,400.00. Following the completion of the sale, the director now directly owns 14,143 shares in the company, valued at $179,616.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Jeffrey L. Fraley sold 3,268 shares of Big 5 Sporting Goods stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $12.28, for a total transaction of $40,131.04. Following the completion of the sale, the vice president now 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 currently owned by corporate insiders.
About Big 5 Sporting Goods
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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.
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