Gabelli Funds LLC Acquires 35,000 Shares of Big 5 Sporting Goods Co. (NASDAQ:BGFV)

Gabelli Funds LLC boosted its stake in Big 5 Sporting Goods Co. (NASDAQ:BGFV) by 25.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 175,000 shares of the company’s stock after purchasing an additional 35,000 shares during the quarter. Gabelli Funds LLC owned about 0.82% of Big 5 Sporting Goods worth $1,330,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BGFV. Alliancebernstein L.P. purchased a new position in shares of Big 5 Sporting Goods in the second quarter worth about $133,000. The Manufacturers Life Insurance Company grew its stake in Big 5 Sporting Goods by 27.4% during the second quarter. The Manufacturers Life Insurance Company now owns 16,874 shares of the company’s stock valued at $219,000 after acquiring an additional 3,625 shares in the last quarter. Private Advisor Group LLC purchased a new position in Big 5 Sporting Goods during the third quarter valued at approximately $165,000. New York State Common Retirement Fund grew its stake in Big 5 Sporting Goods by 46.1% during the second quarter. New York State Common Retirement Fund now owns 24,400 shares of the company’s stock valued at $318,000 after acquiring an additional 7,699 shares in the last quarter. Finally, USA Financial Portformulas Corp purchased a new position in Big 5 Sporting Goods during the second quarter valued at approximately $371,000.

Shares of Big 5 Sporting Goods Co. (NASDAQ:BGFV) traded up $0.03 during trading on Thursday, reaching $5.93. 647,500 shares of the company’s stock were exchanged, compared to its average volume of 1,399,534. The stock has a market cap of $126.42, a P/E ratio of 5.93 and a beta of -0.38. The company has a current ratio of 2.07, a quick ratio of 0.16 and a debt-to-equity ratio of 0.24. Big 5 Sporting Goods Co. has a fifty-two week low of $5.05 and a fifty-two week high of $17.10.

A number of equities analysts have commented on the stock. ValuEngine cut shares of Big 5 Sporting Goods from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded shares of Big 5 Sporting Goods from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $8.67.

In other Big 5 Sporting Goods news, Director Van B. Honeycutt bought 43,000 shares of Big 5 Sporting Goods stock in a transaction dated Thursday, November 30th. The shares were purchased at an average cost of $7.26 per share, with a total value of $312,180.00. Following the transaction, the director now directly owns 18,600 shares of the company’s stock, valued at $135,036. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 7.90% of the stock is owned by corporate insiders.

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About Big 5 Sporting Goods

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.

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

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