Nierenberg Investment Management Company Inc. Purchases Shares of 67,555 Big 5 Sporting Goods Co. (NASDAQ:BGFV)

Nierenberg Investment Management Company Inc. purchased a new position in shares of Big 5 Sporting Goods Co. (NASDAQ:BGFV) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 67,555 shares of the company’s stock, valued at approximately $121,000.

Separately, Virtu Financial LLC purchased a new position in shares of Big 5 Sporting Goods during the 3rd quarter worth about $35,000. Institutional investors and hedge funds own 41.98% of the company’s stock.

Big 5 Sporting Goods Stock Down 7.9 %

Shares of BGFV opened at $0.82 on Tuesday. The company has a quick ratio of 0.12, a current ratio of 1.46 and a debt-to-equity ratio of 0.05. The firm has a market cap of $18.61 million, a PE ratio of -0.31 and a beta of 2.01. The company’s fifty day moving average is $1.21 and its two-hundred day moving average is $1.61. Big 5 Sporting Goods Co. has a fifty-two week low of $0.80 and a fifty-two week high of $4.10.

Big 5 Sporting Goods (NASDAQ:BGFV) last posted its earnings results on Tuesday, February 25th. The company reported ($0.95) earnings per share for the quarter, beating the consensus estimate of ($0.96) by $0.01. The business had revenue of $181.62 million for the quarter. Big 5 Sporting Goods had a negative net margin of 7.04% and a negative return on equity of 15.34%. Analysts forecast that Big 5 Sporting Goods Co. will post -3.16 earnings per share for the current year.

Big 5 Sporting Goods Profile

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.