Alexander M. Seaver, Stadium Capital Management Reduce Stake in Big 5 Sporting Goods Corporation (BGFV)

Stadium Capital Management, run by Alexander Medina Seaver, has further reduced its stake in Big 5 Sporting Goods Corporation (NASDAQ:BGFV). According to a Form 4 filing with the Securities and Exchange Commission, Stadium Capital has recently sold 11,600 shares at a price of $18.50 each and 56,700 shares at a price of $18.87. Following these two transactions, the fund is left with a little over 2.5 million share. Considering the current price of $18.84 per share, Stadium Capital’s position is worth approximately $47.3 million.

Throughout the third quarter of 2013, Stadium Capital has trimmed its holding of Big 5 Sporting Goods Corporation (NASDAQ:BGFV) stock by 85,870 shares, or 3%. There are also hedge fund managers who are bullish on this stock and have been buying it. Cliff Asness’ Aqr Capital Management has increased its position by 446%. The fund currently holds 228,403 shares reportedly worth $3.67 million. Jim Simons is also an admirer. His fund, Renaissance Technologies, has added 123 thousand shares during the third quarter of 2013 and its holding now has a reported worth of $3.6 million.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) is a sporting goods retailer that operates mainly in the United States. Since the start of 2013, the stock has surged 40% to a current price of $18.84. The company has a market cap of $413 million and pays an annual dividend of $0.4, which represents a yield of 2.2%. Big 5 Sporting Goods’ shares have a trailing Price to Earnings (P/E) ratio of 15.97 and the stock has a beta of 1.74, which makes it fairly volatile.

For the third quarter of 2013, Big 5 Sporting Goods Corporation (NASDAQ:BGFV) posted revenues of $259 million and Earnings Per diluted Share (EPS) of $0.41. Analysts are optimistic about the current quarter and expect the company to register earnings in the region of $264 million and earnings of about $0.44 per share.

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