Mario Gabelli is Dumping These 5 Stocks

4. Big 5 Sporting Goods Corporation (NASDAQ: BGFV)

Number of Hedge Fund Holders: 19 

Percentage Decline in Stake in Q2: 65%

Big 5 Sporting Goods Corporation (NASDAQ: BGFV) is a California-based sporting goods retailer. It is placed fourth on our list of 15 stocks Mario Gabelli is dumping. Latest filings reveal that GAMCO Investors owned 66,300 shares in the company at the end of June 2021 worth $1.7 million. 

On August 4, investment advisory Lake Street maintained a Buy rating on Big 5 Sporting Goods Corporation (NASDAQ: BGFV) stock and raised the price target to $31 from $26, underlining that the demand environment for the company remained robust.

Out of the hedge funds being tracked by Insider Monkey, Texas-based investment firm Lonestar Capital Management is a leading shareholder in Big 5 Sporting Goods Corporation (NASDAQ: BGFV) with 376,494 shares worth more than $9.6 million.