Pacific Ridge Capital Partners LLC Boosts Holdings in BGSF, Inc. (NYSE:BGSF)

Pacific Ridge Capital Partners LLC boosted its stake in BGSF, Inc. (NYSE:BGSF) by 33.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 424,424 shares of the company’s stock after acquiring an additional 105,699 shares during the period. Pacific Ridge Capital Partners LLC owned about 3.85% of BGSF worth $2,224,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Geode Capital Management LLC lifted its holdings in shares of BGSF by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 96,845 shares of the company’s stock valued at $816,000 after purchasing an additional 3,092 shares during the last quarter. Allworth Financial LP purchased a new stake in BGSF in the fourth quarter valued at approximately $101,000. Finally, Tieton Capital Management LLC boosted its holdings in shares of BGSF by 24.7% in the fourth quarter. Tieton Capital Management LLC now owns 623,250 shares of the company’s stock valued at $3,266,000 after acquiring an additional 123,410 shares during the period. Institutional investors and hedge funds own 37.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Roth Mkm reduced their price target on shares of BGSF from $12.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday, March 20th. Roth Capital set a $9.00 target price on shares of BGSF in a report on Thursday, March 20th. Finally, StockNews.com started coverage on BGSF in a report on Monday. They set a “hold” rating on the stock.

BGSF Price Performance

Shares of NYSE BGSF opened at $3.58 on Thursday. The stock has a fifty day moving average price of $4.68 and a 200 day moving average price of $6.07. BGSF, Inc. has a 1-year low of $3.32 and a 1-year high of $10.50. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.75 and a quick ratio of 1.75. The company has a market cap of $39.60 million, a PE ratio of -35.75 and a beta of 1.51.

BGSF (NYSE:BGSF) last released its earnings results on Wednesday, March 12th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.01). BGSF had a positive return on equity of 0.19% and a negative net margin of 0.48%. The firm had revenue of $64.41 million during the quarter, compared to analyst estimates of $67.65 million. Sell-side analysts forecast that BGSF, Inc. will post -0.3 EPS for the current year.

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.