Alexander Medina Seaver‘s Stadium Capital Management has lowered its stake in Big 5 Sporting Goods Corp (NASDAQ:BGFV) according to an amended 13D filing with the Securities and Exchange Commission. The fund currently owns 2.7 million shares of the company, which account for 12.1% of its outstanding stock. Previously, Stadium Capital owned 2.9 million shares as disclosed in its 13F filing for the end of June.
Big 5 Sporting Goods is a retailer of sporting goods, selling a variety of sports accessories and products. Since the beginning of the year, the company’s shares have gained 30.83%. Earlier this month, Deutsche Bank AG boosted its price target on Big 5 Sporting Goods’ shares to $10 from $9, while maintaining its ‘Hold’ rating on the stock.
According to Insider Monkey’s database, some of the bullish investors of Big 5 Sporting Goods (NASDAQ:BGFV) at the end of June, aside from Stadium Capital Management itself, were Mario Gabelli’s GAMCO Investors, with a position worth $3.86 million, Jim Simons’ Renaissance Technologies, with $2.5 million invested in the stock, and Peter Algert and Kevin Coldiron’s Algert Coldiron Investors. An investor who decided to dump its Big 5 Sporting Goods (NASDAQ:BGFV) positions during the second quarter was Neil Chriss’ Hutchin Hill Capital, which said goodbye to its $630,000 position.
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You can access the original SEC filing by clicking here.
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Stadium Capital Management GP | 0 | 2,675,493 | 0 | 2,675,493 | 2,675,493 | 12.1% |
| Stadium Capital Management | 0 | 2,675,493 | 0 | 2,675,493 | 2,675,493 | 12.1% |
| Alexander M. Seaver | 0 | 2,675,493 | 0 | 2,675,493 | 2,675,493 | 12.1% |
| Bradley R. Kent | 0 | 2,675,493 | 0 | 2,675,493 | 2,675,493 | 12.1% |
| Stadium Capital Partners | 0 | 2,434,426 | 0 | 2,434,426 | 2,434,426 | 11.1% |
| Stadium Capital Qualified Partners | 0 | 241,067 | 0 | 241,067 | 241,067 | 1.1% |
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Page 1 of 17 – SEC Filing
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities
Exchange Act of 1934
(Amendment No. 12)*
| Big 5 Sporting Goods Corporation |
| (Name of Issuer) |
| Common Stock |
| (Title of Class of Securities) |
| 08915P101 |
| (CUSIP Number) |
| Stadium Capital Management, 199 Elm Street New Canaan, CT 06840-5321 (203) 972-8235 |
| (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
| August 12, 2016 |
| (Date of Event which Requires Filing of this Statement) |
If the filing person has previously filed
a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because
of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ¨
Note: Schedules filed in paper format
shall include a signed original and five copies of the schedule, including all exhibits. See section 240.13d-7 for other parties
to whom copies are to be sent.
*The remainder of this cover page shall be
filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for
any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder
of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of
1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions
of the Act (however, see the Notes).
Potential persons who are to respond to
the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB
control number.
