Geode Capital Management LLC Boosts Stock Position in BGSF, Inc. (NYSE:BGSF)

Geode Capital Management LLC lifted its position in BGSF, Inc. (NYSE:BGSF) by 3.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 96,845 shares of the company’s stock after buying an additional 3,092 shares during the quarter. Geode Capital Management LLC owned approximately 0.88% of BGSF worth $816,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Cornerstone Wealth Group LLC purchased a new stake in BGSF during the 3rd quarter worth about $131,000. King Luther Capital Management Corp increased its holdings in BGSF by 500.0% during the 2nd 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 during the period. Finally, Tieton Capital Management LLC increased its holdings in 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 purchasing an additional 68,635 shares during the period. Hedge funds and other institutional investors own 37.19% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on BGSF in a research report on Saturday. They set a “hold” rating for the company.

BGSF Trading Down 0.2 %

NYSE:BGSF opened at $5.39 on Friday. The stock has a 50-day simple moving average of $6.02 and a 200-day simple moving average of $7.41. The stock has a market cap of $59.42 million, a P/E ratio of -53.89 and a beta of 1.55. BGSF, Inc. has a 1 year low of $5.20 and a 1 year high of $10.74. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.75 and a current ratio of 1.75.

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