Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently decreased stock shares of Big Lots Inc. (NYSE:BIG).

SEC data indicate these insiders have sold Big Lots Inc.’s stock since 06/30/2011:

Wilson Harold Allan: act as Senior Vice President. On 07/21/2011, sold 20,625 shares, worth $721,900.

Bachmann Lisa M: act as Executive Vice President. On 07/22/2011, sold 20,000 shares, worth $710,600.

Bachmann Lisa M: act as Executive Vice President. On 07/01/2011, sold 20,250 shares, worth $683,800.

Claxton Robert Craig: act as Senior Vice President. On 07/07/2011, sold 15,950 shares, worth $542,600.

Wilson Harold Allan: act as Senior Vice President. On 11/03/2011, sold 10,000 shares, worth $400,000.

SEC data indicate that these institutions significantly reduced their stock shares of Big Lots Inc. in Q3 2011:

CHESAPEAKE PARTNERS MANAGEMENT CO INC/MD: On 06/30/2011, held 1,004,587 shares, worth $33,302,059. On 09/30/2011, held 0 shares.

PERELLA WEINBERG PARTNERS CAPITAL MANAGEMENT LP: On 06/30/2011, held 500,000 shares, worth $16,575,000. On 09/30/2011, held 0 shares.

SG AMERICAS SECURITIES, LLC: On 06/30/2011, held 237,198 shares, worth $7,863,114. On 09/30/2011, held 0 shares.

KACELA CAPITAL, LLC: On 06/30/2011, held 175,769 shares, worth $5,826,742. On 09/30/2011, held 0 shares.

SPARTAN CAPITAL MANAGEMENT, LLC: On 06/30/2011, held 155,090 shares, worth $5,141,234. On 09/30/2011, held 0 shares.

About the company: Big Lots, Inc. is a broadline closeout retailer that operates stores across the United States. The Company’s stores offer an assortment of merchandise, including consumables, seasonal products,furniture, housewares, toys, and gifts.

Competitors to Watch: Family Dollar Stores, Inc. (NYSE:FDO), Dollar General Corp. (NYSE:DG), 99 Cents Only Stores (NYSE:NDN), Dollar Tree, Inc. (NASDAQ:DLTR), Duckwall-ALCO Stores, Inc (NASDAQ:DUCK), Target Corporation (NYSE:TGT), Fred’s, Inc. (NASDAQ:FRED), Wal-Mart Stores, Inc. (NYSE:WMT), Costco Wholesale Corp. (NASDAQ:COST), and Cost Plus, Inc. (NASDAQ:CPWM).

(Note: Data regarding Big Lots Inc.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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To contact the reporter on this story: Dave Friedman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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