Proficio Capital Partners LLC Acquires Shares of 116,449 TrueBlue, Inc. (NYSE:TBI)

Proficio Capital Partners LLC acquired a new stake in TrueBlue, Inc. (NYSE:TBI) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 116,449 shares of the business services provider’s stock, valued at approximately $978,000. Proficio Capital Partners LLC owned 0.39% of TrueBlue as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in shares of TrueBlue during the 3rd quarter worth approximately $79,000. SG Americas Securities LLC bought a new stake in shares of TrueBlue during the 4th quarter worth approximately $108,000. Quantinno Capital Management LP bought a new stake in shares of TrueBlue during the 3rd quarter worth approximately $149,000. Walleye Capital LLC bought a new stake in shares of TrueBlue during the 3rd quarter worth approximately $227,000. Finally, RBF Capital LLC bought a new stake in shares of TrueBlue during the 3rd quarter worth approximately $316,000. Institutional investors own 97.15% of the company’s stock.

Insider Buying and Selling

In other news, CEO Taryn R. Owen bought 12,735 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average price of $5.94 per share, with a total value of $75,645.90. Following the completion of the purchase, the chief executive officer now directly owns 414,932 shares of the company’s stock, valued at approximately $2,464,696.08. This represents a 3.17 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Carl Schweihs bought 10,000 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were purchased at an average cost of $6.25 per share, with a total value of $62,500.00. Following the purchase, the chief financial officer now directly owns 166,551 shares of the company’s stock, valued at $1,040,943.75. The trade was a 6.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.00% of the stock is owned by insiders.

TrueBlue Price Performance

TBI stock opened at $5.74 on Friday. The company has a fifty day moving average price of $7.35 and a 200-day moving average price of $7.60. The company has a market capitalization of $170.38 million, a P/E ratio of -1.38, a PEG ratio of 3.01 and a beta of 1.35. TrueBlue, Inc. has a 52-week low of $5.51 and a 52-week high of $12.66. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.85 and a current ratio of 1.73.

TrueBlue (NYSE:TBI) last released its quarterly earnings results on Wednesday, February 19th. The business services provider reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.14. The firm had revenue of $385.95 million during the quarter, compared to the consensus estimate of $385.04 million. TrueBlue had a negative net margin of 8.02% and a negative return on equity of 3.90%. As a group, equities analysts expect that TrueBlue, Inc. will post 0.15 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of TrueBlue from a “sell” rating to a “hold” rating in a research report on Sunday, March 2nd.

TrueBlue Profile

TrueBlue, Inc, together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, the United Kingdom, Australia, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The company PeopleReady segment provides general, industrial, and skilled trade contingent staffing services for construction, transportation, manufacturing, retail, hospitality, and renewable energy industries.