GSA Capital Partners LLP Has $3.28 Million Stake in Big Lots, Inc. (BIG)
GSA Capital Partners LLP cut its stake in shares of Big Lots, Inc. (NYSE:BIG) by 38.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 67,946 shares of the company’s stock after selling 42,628 shares during the quarter. GSA Capital Partners LLP owned approximately 0.15% of Big Lots worth $3,282,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. Menta Capital LLC acquired a new position in shares of Big Lots during the second quarter worth about $1,729,000. Rafferty Asset Management LLC acquired a new position in shares of Big Lots during the second quarter worth about $4,186,000. Mutual of America Capital Management LLC grew its position in shares of Big Lots by 7.7% during the second quarter. Mutual of America Capital Management LLC now owns 37,232 shares of the company’s stock worth $1,798,000 after buying an additional 2,673 shares in the last quarter. Investec Asset Management North America Inc. grew its position in shares of Big Lots by 7.0% during the second quarter. Investec Asset Management North America Inc. now owns 18,431 shares of the company’s stock worth $890,000 after buying an additional 1,209 shares in the last quarter. Finally, Thrivent Financial For Lutherans grew its position in shares of Big Lots by 7.0% during the second quarter. Thrivent Financial For Lutherans now owns 9,030 shares of the company’s stock worth $436,000 after buying an additional 590 shares in the last quarter.
A number of equities analysts have recently commented on the company. BidaskClub raised Big Lots from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research raised Big Lots from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Thursday, August 17th. Oppenheimer Holdings, Inc. set a $60.00 price objective on Big Lots and gave the stock a “buy” rating in a research report on Friday, August 25th. ValuEngine raised Big Lots from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. Finally, Loop Capital reissued a “buy” rating and set a $64.00 price objective on shares of Big Lots in a research report on Tuesday, May 30th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Big Lots presently has an average rating of “Buy” and an average target price of $57.50.
Shares of Big Lots, Inc. (NYSE BIG) traded down 0.88% during trading on Wednesday, reaching $48.41. The company had a trading volume of 116,640 shares. The firm has a 50-day moving average price of $49.41 and a 200-day moving average price of $48.93. Big Lots, Inc. has a 52-week low of $42.40 and a 52-week high of $56.54. The company has a market capitalization of $2.06 billion, a P/E ratio of 12.55 and a beta of 0.92.
Big Lots (NYSE:BIG) last issued its quarterly earnings data on Friday, August 25th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.05. Big Lots had a return on equity of 30.32% and a net margin of 3.31%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the firm earned $0.52 EPS. Big Lots’s quarterly revenue was up 1.5% on a year-over-year basis. On average, analysts predict that Big Lots, Inc. will post $4.24 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.00 dividend on an annualized basis and a yield of 2.05%. Big Lots’s dividend payout ratio (DPR) is presently 26.04%.
In other Big Lots news, Director Russell Solt sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $51.50, for a total transaction of $108,150.00. Following the completion of the sale, the director now owns 10,041 shares in the company, valued at approximately $517,111.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Lisa M. Bachmann sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $51.00, for a total value of $2,040,000.00. Following the sale, the insider now owns 48,089 shares of the company’s stock, valued at approximately $2,452,539. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,577 shares of company stock valued at $3,717,951. 1.70% of the stock is owned by insiders.
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Big Lots Company Profile
Big Lots, Inc is a non-traditional, discount retailer operating in the United States. As of January 28, 2017, the Company operated a total of 1,432 stores. The Company operates through the discount retailing segment. As of January 28, 2017, the Company’s stores are located at various states of the United States, such as Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Maine, Michigan, Montana, Nevada, Nebraska, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, South Carolina, Texas, Utah and Washington.
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