Big Lots, Inc. (BIG) Stake Lowered by GSA Capital Partners LLP

GSA Capital Partners LLP trimmed its position in shares of Big Lots, Inc. (NYSE:BIG) by 67.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,405 shares of the company’s stock after selling 45,541 shares during the period. GSA Capital Partners LLP owned about 0.05% of Big Lots worth $1,200,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. IFP Advisors Inc raised its stake in shares of Big Lots by 13.6% during the second quarter. IFP Advisors Inc now owns 2,334 shares of the company’s stock valued at $113,000 after acquiring an additional 280 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Big Lots by 78.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,858 shares of the company’s stock valued at $144,000 after acquiring an additional 1,255 shares during the last quarter. Whittier Trust Co. bought a new position in shares of Big Lots during the third quarter valued at about $178,000. First Quadrant L P CA bought a new position in shares of Big Lots during the third quarter valued at about $182,000. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Big Lots during the third quarter valued at about $200,000.

Several brokerages have recently commented on BIG. Zacks Investment Research raised shares of Big Lots from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research note on Tuesday, October 10th. KeyCorp reaffirmed a “buy” rating and set a $63.00 price objective on shares of Big Lots in a research note on Friday, December 1st. Piper Jaffray Companies set a $52.00 price objective on shares of Big Lots and gave the company a “hold” rating in a research note on Sunday, October 1st. Raymond James Financial reaffirmed a “buy” rating and set a $67.00 price objective on shares of Big Lots in a research note on Saturday, December 2nd. Finally, Loop Capital set a $64.00 price objective on shares of Big Lots and gave the company a “buy” rating in a research note on Wednesday, August 30th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $60.64.

Big Lots, Inc. (NYSE BIG) opened at $55.12 on Friday. Big Lots, Inc. has a one year low of $45.10 and a one year high of $60.20. The stock has a market cap of $2,309.70, a PE ratio of 13.27, a P/E/G ratio of 0.95 and a beta of 0.99. The company has a quick ratio of 0.24, a current ratio of 1.66 and a debt-to-equity ratio of 0.66.

Big Lots (NYSE:BIG) last released its quarterly earnings results on Friday, December 1st. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.02. Big Lots had a net margin of 3.36% and a return on equity of 30.17%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the firm earned $0.04 earnings per share. Big Lots’s revenue was up .5% on a year-over-year basis. analysts anticipate that Big Lots, Inc. will post 4.27 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Thursday, December 14th. Big Lots’s payout ratio is currently 25.58%.

In related news, CEO David J. Campisi sold 96,940 shares of the stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $53.00, for a total value of $5,137,820.00. Following the completion of the transaction, the chief executive officer now directly owns 99,203 shares of the company’s stock, valued at $5,257,759. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ronald A. Robins, Jr. sold 1,000 shares of the stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $51.00, for a total transaction of $51,000.00. Following the completion of the transaction, the insider now directly owns 7,925 shares of the company’s stock, valued at $404,175. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

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About Big Lots

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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Institutional Ownership by Quarter for Big Lots (NYSE:BIG)

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