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

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

BGSF Trading Down 0.2 %

Shares of NYSE BGSF opened at $5.24 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.75 and a current ratio of 1.75. The stock has a market cap of $57.74 million, a price-to-earnings ratio of -52.39 and a beta of 1.55. BGSF has a 52 week low of $5.14 and a 52 week high of $10.74. The business has a 50 day simple moving average of $5.76 and a 200 day simple moving average of $7.28.

BGSF (NYSE:BGSF) last posted its quarterly earnings results 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 firm had revenue of $71.19 million for the quarter, compared to the consensus estimate of $75.00 million. During the same quarter in the previous year, the company posted $0.36 EPS. On average, research analysts predict that BGSF will post -0.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BGSF

A number of hedge funds and other institutional investors have recently made changes to their positions in BGSF. Geode Capital Management LLC grew its position in BGSF by 3.3% in the third quarter. Geode Capital Management LLC now owns 96,845 shares of the company’s stock worth $816,000 after acquiring an additional 3,092 shares during the period. Cornerstone Wealth Group LLC purchased a new stake in shares of BGSF during the third quarter worth $131,000. Finally, King Luther Capital Management Corp grew its stake 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 in the last quarter. 37.19% of the stock is owned by institutional investors.

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.