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

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

BGSF Trading Down 0.2 %

Shares of BGSF stock opened at $5.39 on Friday. The stock has a fifty day simple moving average of $6.02 and a 200 day simple moving average of $7.41. BGSF has a 12-month low of $5.20 and a 12-month high of $10.74. The company has a market capitalization of $59.42 million, a P/E ratio of -53.89 and a beta of 1.55. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.50.

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

Institutional Investors Weigh In On BGSF

Institutional investors and hedge funds have recently bought and sold shares of the business. Cornerstone Wealth Group LLC bought a new position in BGSF during the 3rd quarter valued at approximately $131,000. Geode Capital Management LLC lifted its position in shares of 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 acquiring an additional 3,092 shares in the last quarter. King Luther Capital Management Corp lifted its position in shares of BGSF by 500.0% in the second quarter. King Luther Capital Management Corp now owns 360,201 shares of the company’s stock valued at $3,080,000 after acquiring an additional 300,163 shares in the last quarter. Finally, Tieton Capital Management LLC increased its holdings in shares of BGSF by 15.9% in the second 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 last quarter. Hedge funds and other institutional investors own 37.19% of the company’s stock.

About BGSF

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.