Insider Buying: TrueBlue, Inc. (NYSE:TBI) CFO Purchases 10,000 Shares of Stock

TrueBlue, Inc. (NYSE:TBI) CFO Carl Schweihs bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average price of $6.25 per share, with a total value of $62,500.00. Following the acquisition, the chief financial officer now owns 166,551 shares of the company’s stock, valued at $1,040,943.75. This represents a 6.39 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

TrueBlue Trading Up 2.7 %

TBI opened at $6.10 on Thursday. The stock has a market capitalization of $181.25 million, a price-to-earnings ratio of -1.47, a PEG ratio of 3.01 and a beta of 1.42. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.73 and a quick ratio of 1.85. The business has a fifty day moving average price of $7.66 and a 200 day moving average price of $7.69. TrueBlue, Inc. has a 12 month low of $5.85 and a 12 month high of $12.65.

TrueBlue (NYSE:TBI) last released its quarterly earnings results on Wednesday, February 19th. The business services provider reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.14. TrueBlue had a negative return on equity of 3.90% and a negative net margin of 8.02%. The business had revenue of $385.95 million for the quarter, compared to analysts’ expectations of $385.04 million. Sell-side analysts expect that TrueBlue, Inc. will post 0.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TBI. BMO Capital Markets decreased their price objective on TrueBlue from $11.00 to $10.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. StockNews.com lowered TrueBlue from a “hold” rating to a “sell” rating in a research report on Saturday, February 22nd.

Hedge Funds Weigh In On TrueBlue

Large investors have recently bought and sold shares of the business. Quantbot Technologies LP acquired a new position in TrueBlue in the third quarter worth approximately $79,000. SG Americas Securities LLC acquired a new position in shares of TrueBlue during the fourth quarter worth approximately $108,000. Proficio Capital Partners LLC bought a new position in TrueBlue in the fourth quarter valued at approximately $116,000. MetLife Investment Management LLC raised its holdings in shares of TrueBlue by 23.5% during the fourth quarter. MetLife Investment Management LLC now owns 15,886 shares of the business services provider’s stock worth $133,000 after acquiring an additional 3,028 shares during the period. Finally, Wells Fargo & Company MN increased its stake in TrueBlue by 24.7% in the 4th quarter. Wells Fargo & Company MN now owns 17,112 shares of the business services provider’s stock valued at $144,000 after buying an additional 3,393 shares during the last quarter. Institutional investors own 97.15% of the company’s stock.

TrueBlue Company 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.