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

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

BGSF Stock Performance

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

BGSF (NYSE:BGSF) last announced 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 negative net margin of 0.48% and a positive return on equity of 0.19%. The business had revenue of $71.19 million during the quarter, compared to analysts’ expectations of $75.00 million. During the same quarter in the prior year, the firm earned $0.36 EPS. Equities research analysts predict that BGSF will post -0.3 earnings per share for the current fiscal year.

Institutional Trading of BGSF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cornerstone Wealth Group LLC acquired a new position in shares of BGSF during the third quarter worth $131,000. Geode Capital Management LLC boosted its stake in shares of BGSF by 3.3% during the third quarter. Geode Capital Management LLC now owns 96,845 shares of the company’s stock worth $816,000 after buying an additional 3,092 shares during the period. King Luther Capital Management Corp boosted its stake in shares of BGSF by 500.0% during the second quarter. King Luther Capital Management Corp now owns 360,201 shares of the company’s stock worth $3,080,000 after buying an additional 300,163 shares during the period. Finally, Tieton Capital Management LLC boosted its stake in shares of BGSF by 15.9% during the second quarter. Tieton Capital Management LLC now owns 500,095 shares of the company’s stock worth $4,276,000 after buying an additional 68,635 shares during the period. Hedge funds and other institutional investors own 37.19% of the company’s stock.

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.