BGSF, Inc. (NYSE:BGSF) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in BGSF, Inc. (NYSE:BGSF) by 3.3% in the third quarter, Holdings Channel reports. The firm owned 96,845 shares of the company’s stock after acquiring an additional 3,092 shares during the period. Geode Capital Management LLC’s holdings in BGSF were worth $816,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Cornerstone Wealth Group LLC acquired a new stake in shares of BGSF in the 3rd quarter valued at about $131,000. King Luther Capital Management Corp boosted its position in shares of BGSF by 500.0% in the 2nd quarter. King Luther Capital Management Corp now owns 360,201 shares of the company’s stock valued at $3,080,000 after purchasing an additional 300,163 shares during the period. Finally, Tieton Capital Management LLC boosted its position in shares of BGSF by 15.9% in the 2nd quarter. Tieton Capital Management LLC now owns 500,095 shares of the company’s stock valued at $4,276,000 after purchasing an additional 68,635 shares during the period. 37.19% of the stock is owned by institutional investors and hedge funds.

BGSF Stock Down 0.2 %

BGSF opened at $5.39 on Friday. The business has a 50 day moving average price of $6.02 and a two-hundred day moving average price of $7.41. 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 market cap of $59.42 million, a PE ratio of -53.89 and a beta of 1.55. BGSF, Inc. has a 52 week low of $5.20 and a 52 week high of $10.74.

BGSF (NYSE:BGSF) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.18). The company had revenue of $71.19 million for the quarter, compared to analysts’ expectations of $75.00 million. BGSF had a negative net margin of 0.48% and a positive return on equity of 0.19%. During the same period in the prior year, the company earned $0.36 earnings per share. As a group, research analysts anticipate that BGSF, Inc. will post -0.3 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on BGSF in a research report on Saturday. They issued a “hold” rating for the company.

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.