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.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV)

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.

Disclosure: none

Recommended reading:

Charles Davidson and Wexford Capital Are Reducing Exposure to Diamondback Energy Inc (FANG)

J. Carlo Cannell Acquires Some More Hooper Holmes, Inc. (HH) Shares

Steve Leonard, Pacifica Capital Investments Add to R.G. Barry Corp. (DFZ) Position