StockNews.com Begins Coverage on BGSF (NYSE:BGSF)

Equities researchers at StockNews.com began coverage on shares of BGSF (NYSE:BGSFGet Free Report) in a report issued on Thursday. The brokerage set a “hold” rating on the stock.

BGSF Stock Performance

NYSE BGSF opened at $5.02 on Thursday. The company has a market capitalization of $55.27 million, a price-to-earnings ratio of -50.14 and a beta of 1.55. BGSF has a twelve month low of $4.70 and a twelve month high of $10.49. The stock has a fifty day simple moving average of $5.44 and a 200 day simple moving average of $6.74. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.50.

Institutional Trading of BGSF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC increased its holdings in BGSF by 3.3% in the third 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 period. Cornerstone Wealth Group LLC bought a new stake in BGSF during the third quarter valued at $131,000. Millennium Management LLC bought a new stake in BGSF during the fourth quarter valued at $60,000. Northern Trust Corp boosted its position in BGSF by 43.8% during the fourth quarter. Northern Trust Corp now owns 37,675 shares of the company’s stock valued at $197,000 after acquiring an additional 11,483 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in BGSF by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 316,105 shares of the company’s stock valued at $1,657,000 after acquiring an additional 7,592 shares during the last quarter. 37.19% of the stock is currently owned by institutional investors and hedge funds.

BGSF Company Profile

(Get Free Report)

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.

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