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

Equities research analysts at StockNews.com started coverage on shares of BGSF (NYSE:BGSF) in a report released on Sunday. The brokerage set a “hold” rating on the stock.

BGSF Price Performance

Shares of BGSF stock opened at $3.43 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $37.81 million, a PE ratio of -34.30 and a beta of 1.51. The business’s 50-day moving average price is $4.98 and its 200-day moving average price is $6.30. BGSF has a 12 month low of $3.34 and a 12 month high of $10.50.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC bought a new position in BGSF during the 4th quarter valued at approximately $29,000. Millennium Management LLC bought a new position in BGSF during the 4th quarter valued at approximately $60,000. Allworth Financial LP bought a new position in BGSF during the 4th quarter valued at approximately $101,000. Northern Trust Corp increased its position in BGSF by 43.8% during the 4th quarter. Northern Trust Corp now owns 37,675 shares of the company’s stock valued at $197,000 after buying an additional 11,483 shares in the last quarter. Finally, Perritt Capital Management Inc increased its position in BGSF by 42.8% during the 4th quarter. Perritt Capital Management Inc now owns 47,089 shares of the company’s stock valued at $247,000 after buying an additional 14,113 shares in the last quarter. Institutional investors own 37.19% of the company’s stock.

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.