King Luther Capital Management Corp Has $3.08 Million Stock Position in BGSF, Inc. (NYSE:BGSF)

King Luther Capital Management Corp boosted its stake in BGSF, Inc. (NYSE:BGSF) by 500.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 360,201 shares of the company’s stock after buying an additional 300,163 shares during the period. King Luther Capital Management Corp owned approximately 3.29% of BGSF worth $3,080,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. SpiderRock Advisors LLC bought a new stake in BGSF in the 1st quarter valued at about $114,000. Bridge City Capital LLC lifted its holdings in shares of BGSF by 17.9% during the 1st quarter. Bridge City Capital LLC now owns 40,576 shares of the company’s stock worth $422,000 after acquiring an additional 6,160 shares during the period. Prosperity Consulting Group LLC bought a new stake in shares of BGSF during the 1st quarter worth approximately $520,000. Perritt Capital Management Inc. lifted its holdings in shares of BGSF by 5.9% during the 1st quarter. Perritt Capital Management Inc. now owns 66,105 shares of the company’s stock worth $688,000 after acquiring an additional 3,679 shares during the period. Finally, Tieton Capital Management LLC lifted its holdings in shares of BGSF by 15.9% during the 2nd quarter. Tieton Capital Management LLC now owns 500,095 shares of the company’s stock worth $4,276,000 after acquiring an additional 68,635 shares during the period. Institutional investors own 37.19% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of BGSF from a “buy” rating to a “hold” rating in a report on Friday, June 14th.

BGSF Stock Performance

Shares of BGSF stock opened at $7.44 on Friday. The company has a 50 day moving average of $8.05 and a 200-day moving average of $8.34. BGSF, Inc. has a 1-year low of $6.40 and a 1-year high of $10.74. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.52. The company has a market cap of $81.51 million, a PE ratio of 14.31 and a beta of 1.64.

BGSF (NYSE:BGSF) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.15). The company had revenue of $68.14 million during the quarter, compared to the consensus estimate of $74.00 million. BGSF had a net margin of 0.71% and a return on equity of 5.79%. During the same period in the previous year, the company earned $0.24 EPS. As a group, equities research analysts forecast that BGSF, Inc. will post 0.06 earnings per share for the current fiscal year.

BGSF 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.