BGSF (NYSE:BGSF) Now Covered by StockNews.com

Analysts at StockNews.com initiated coverage on shares of BGSF (NYSE:BGSF) in a research note issued to investors on Saturday. The firm set a “hold” rating on the stock.

BGSF Stock Performance

Shares of BGSF stock opened at $4.44 on Friday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average price of $5.18 and a 200-day moving average price of $6.48. BGSF has a 52 week low of $4.15 and a 52 week high of $10.50. The firm has a market capitalization of $48.95 million, a PE ratio of -44.40 and a beta of 1.51.

Hedge Funds Weigh In On BGSF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC increased its position in BGSF by 3.3% during 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 during the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of BGSF during the 4th quarter valued at about $29,000. Dimensional Fund Advisors LP lifted its stake in shares of BGSF by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 316,105 shares of the company’s stock worth $1,657,000 after purchasing an additional 7,592 shares during the period. Millennium Management LLC bought a new position in shares of BGSF in the 4th quarter worth approximately $60,000. Finally, Northern Trust Corp boosted its holdings in shares of BGSF by 43.8% in the fourth quarter. Northern Trust Corp now owns 37,675 shares of the company’s stock worth $197,000 after buying an additional 11,483 shares during the last quarter. 37.19% of the stock is currently owned by hedge funds and other institutional investors.

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.