Stock Traders Buy High Volume of Call Options on Big 5 Sporting Goods (NASDAQ:BGFV)

The volume of options traded on Thursday was unusually high. The company saw 11,931 options purchased by traders. The average daily call option volume was 650. This represents an increase of 1,736%.

Analyst Upgrades and downgrades

Many analysts of equity research have made comments about the company. In a report published on Thursday 16th March, we began covering Big 5 Sporting Goods. On Thursday, the stock rose $0.36 to $8.15. Stock traded 1,028,862 more shares than its average of 291,709. The fifty-day moving average of the business is $8.26, and its 200-day moving average is $9.50. The company's market cap is $180.77m, with a PE of 6.95. Its beta is 2.73. The company's quick ratio is 0.26, its current ratio is 1.69, and its debt-to equity ratio is 0.03. Big 5 Sporting Goods' 52-week low is $7.13, and its 52-week high is $16.13.

The company last released its quarterly results on February 28th. The company's quarterly earnings were $0.08 per share, which was in line with the consensus estimate. The company generated revenue of $238.31 millions during the quarter. Big 5 Sporting Goods' return on equity was 9.68%, and its net margin was 2.63%.

Big 5 Sporting Goods Dividend Announcement

A quarterly dividend was also announced by the firm and paid out on Friday, 24th March. The dividend was $0.25 per share for investors who had their records on the Friday, March 10, 2019. This is a $1.00 dividend with a yield 12.27%. The ex-dividend day was Thursday, 9th March. Big 5 Sporting Goods has a payout ratio of 84.03%.

Big 5 Sporting Goods: Insider Transactions

Other news from Big 5 Sporting Goods is that VP Shane O. Starr has sold 5,250 shares in the company stock on Wednesday, 8th March. Stock was sold for $9.00 on average, bringing in a total of $47,000.00. After the completion of this transaction, the vice-president now owns 14,950 of the company's shares, valued at around $134,550. Insiders own 4.90%.

Hedge funds weigh in on the Big 5 Sporting Goods

Recently, hedge funds and institutional investors increased or decreased their stakes. Raymond James Financial Services Advisors Inc. increased its holdings of shares in Big 5 Sporting Goods, by 160.0% during the first quarter. Raymond James Financial Services Advisors Inc. owns 36 140 shares of the stock valued at $620,000, after buying an additional 22,240 in the last quarter. Bank of New York Mellon Corp increased its holdings of shares of Big 5 Sporting Goods from 4.1% to 6.0% in the first quarter. Bank of New York Mellon Corp owns now 448,228 of the company’s stock valued at $7,687,000, after buying an additional 17,744 in the last quarter. American Century Companies Inc. increased its stake in Big 5 Sporting Goods shares by 27.5% during the first quarter. American Century Companies Inc. owns 148.319 shares worth $2,544,000, after adding 32,028 more shares in the last quarter. MetLife Investment Management LLC increased its stake in Big 5 Sporting Goods shares by 58.5% during the first quarter. MetLife Investment Management LLC owns 12,382 of the company’s stock, valued at $212,000, after purchasing 4,570 additional shares in the last quarter. Great West Life Assurance Co.Can increased its stake in Big 5 Sporting Goods shares by 182.8% during the first quarter. Great West Life Assurance Co. Can owns 1,459 of the company stock, valued at $26,000. This is after acquiring 943 additional shares in the last quarter. Hedge funds and institutional investors own 45.98%.

Big 5 Sporting Goods Company profile

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Big 5 Sporting Goods Corp. is a holding corporation. The company is involved in retailing sporting goods. The firm's products include outdoor and athletic gear, athletic shoes, apparel, and accessories as well as camping, hunting and fishing, tennis and golf, winter and Summer recreation, and roller sports.

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