BGSF, Inc. (NYSE:BGSF) Shares Sold by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC cut its stake in shares of BGSF, Inc. (NYSE:BGSF) by 4.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 467,672 shares of the company’s stock after selling 19,824 shares during the quarter. Pacific Ridge Capital Partners LLC owned about 4.27% of BGSF worth $3,999,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Bridge City Capital LLC grew its stake in BGSF by 17.9% during the 1st quarter. Bridge City Capital LLC now owns 40,576 shares of the company’s stock valued at $422,000 after purchasing an additional 6,160 shares during the last quarter. SpiderRock Advisors LLC purchased a new stake in BGSF in the first quarter valued at approximately $114,000. North Star Investment Management Corp. increased its holdings in BGSF by 1.3% in the 1st quarter. North Star Investment Management Corp. now owns 735,073 shares of the company’s stock worth $7,652,000 after buying an additional 9,500 shares during the period. Prosperity Consulting Group LLC purchased a new position in BGSF during the 1st quarter worth approximately $520,000. Finally, Perritt Capital Management Inc. lifted its stake in BGSF by 5.9% during the 1st quarter. Perritt Capital Management Inc. now owns 66,105 shares of the company’s stock valued at $688,000 after acquiring an additional 3,679 shares during the period. 37.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of BGSF from a “buy” rating to a “hold” rating in a report on Friday, June 14th.

BGSF Stock Down 0.8 %

BGSF stock opened at $7.11 on Friday. The business’s 50-day moving average price is $7.92 and its 200 day moving average price is $8.26. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.52. The firm has a market cap of $77.90 million, a price-to-earnings ratio of 13.67 and a beta of 1.64. BGSF, Inc. has a 52 week low of $6.40 and a 52 week high of $10.74.

BGSF (NYSE:BGSF) last posted its earnings results on Wednesday, August 7th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.15). BGSF had a net margin of 0.71% and a return on equity of 5.79%. The firm had revenue of $68.14 million for the quarter, compared to analysts’ expectations of $74.00 million. During the same period last year, the firm earned $0.24 earnings per share. As a group, sell-side analysts anticipate that BGSF, Inc. will post 0.06 earnings per share for the current year.

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.