Pacific Ridge Capital Partners Lowers stake in Big 5 Sporting Goods Corporation (BGFV)

Big 5 Sporting Goods Corporation (BGFV) : Pacific Ridge Capital Partners reduced its stake in Big 5 Sporting Goods Corporation by 3.66% during the most recent quarter end. The investment management company now holds a total of 431,290 shares of Big 5 Sporting Goods Corporation which is valued at $5,628,335 after selling 16,400 shares in Big 5 Sporting Goods Corporation , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Big 5 Sporting Goods Corporation makes up approximately 2.37% of Pacific Ridge Capital Partners’s portfolio.

Other Hedge Funds, Including , Trexquant Investment Lp reduced its stake in BGFV by selling 47,455 shares or 79.71% in the most recent quarter. The Hedge Fund company now holds 12,079 shares of BGFV which is valued at $157,631. Big 5 Sporting Goods Corporation makes up approx 0.02% of Trexquant Investment Lp’s portfolio.Los Angeles Capital Management Equity Research Inc boosted its stake in BGFV in the latest quarter, The investment management firm added 16,625 additional shares and now holds a total of 51,605 shares of Big 5 Sporting Goods Corporation which is valued at $673,961. Big 5 Sporting Goods Corporation makes up approx 0.01% of Los Angeles Capital Management Equity Research Inc’s portfolio.State Board Of Administration Of Florida Retirement System reduced its stake in BGFV by selling 1,984 shares or 7.99% in the most recent quarter. The Hedge Fund company now holds 22,857 shares of BGFV which is valued at $289,598. First Trust Advisors Lp sold out all of its stake in BGFV during the most recent quarter. The investment firm sold 213,885 shares of BGFV which is valued $2,709,923.

Big 5 Sporting Goods Corporation opened for trading at $12.78 and hit $13.22 on the upside on Friday, eventually ending the session at $13.12, with a gain of 2.02% or 0.26 points. The heightened volatility saw the trading volume jump to 2,27,673 shares. Company has a market cap of $289 M.

On the company’s financial health, Big 5 Sporting Goods Corporation reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.02. The company had revenue of $241.10 million for the quarter, compared to analysts expectations of $238.31 million. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.

Many Wall Street Analysts have commented on Big 5 Sporting Goods Corporation. Company shares were Reiterated by Deutsche Bank on Aug 3, 2016 to “Hold”, Firm has raised the Price Target to $ 10 from a previous price target of $9 .

Big 5 Sporting Goods Corporation is a sporting goods retailer in the western United States. The Company offers a range of products in a traditional 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. The Company purchases merchandise from sporting goods equipment manufacturers athletic footwear manufacturers and apparel manufacturers. It offers products of brands such as adidas Crocs Franklin JanSport Rawlings Spalding Asics Crosman Head Lifetime Razor Speedo Bearpaw Dickies Heelys Mizuno Rollerblade Timex Bushnell Easton Hillerich & Bradsby Mossberg and Russell Athletic among others.

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