BGSF (NYSE:BGSF) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of BGSF (NYSE:BGSF) in a report issued on Saturday. The brokerage issued a hold rating on the stock.

BGSF Price Performance

BGSF stock opened at $5.37 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.50. The firm’s 50-day moving average price is $5.93 and its two-hundred day moving average price is $7.36. The stock has a market capitalization of $59.20 million, a price-to-earnings ratio of -53.69 and a beta of 1.55. BGSF has a 12-month low of $5.14 and a 12-month high of $10.74.

BGSF (NYSE:BGSF) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.18). The business had revenue of $71.19 million for the quarter, compared to the consensus estimate of $75.00 million. BGSF had a negative net margin of 0.48% and a positive return on equity of 0.19%. During the same period in the previous year, the company earned $0.36 EPS. As a group, equities analysts predict that BGSF will post -0.3 earnings per share for the current year.

Institutional Trading of BGSF

Several large investors have recently added to or reduced their stakes in the stock. Cornerstone Wealth Group LLC bought a new position in shares of BGSF in the 3rd quarter worth approximately $131,000. Geode Capital Management LLC grew its stake in BGSF by 3.3% in the third quarter. Geode Capital Management LLC now owns 96,845 shares of the company’s stock worth $816,000 after purchasing an additional 3,092 shares during the period. King Luther Capital Management Corp raised its holdings in BGSF by 500.0% in the second quarter. King Luther Capital Management Corp now owns 360,201 shares of the company’s stock worth $3,080,000 after purchasing an additional 300,163 shares in the last quarter. Finally, Tieton Capital Management LLC lifted its position in BGSF by 15.9% during the second quarter. Tieton Capital Management LLC now owns 500,095 shares of the company’s stock valued at $4,276,000 after buying an additional 68,635 shares during the period. Institutional investors own 37.19% of the company’s stock.

BGSF Company Profile

BGSF, Inc, together with its subsidiaries, provides consulting, managed services, and professional workforce solutions in the United States. It operates in two segments, Property Management and Professional. The Property Management segment offers office and maintenance field talent to various apartment communities and commercial buildings.