StockNews.com Initiates Coverage on BGSF (NYSE:BGSF)

Equities research analysts at StockNews.com assumed coverage on shares of BGSF (NYSE:BGSF) in a research note issued on Sunday. The brokerage set a “hold” rating on the stock.

BGSF Trading Up 3.4 %

Shares of BGSF opened at $3.58 on Friday. BGSF has a fifty-two week low of $3.34 and a fifty-two week high of $10.50. The firm has a market cap of $39.43 million, a price-to-earnings ratio of -35.77 and a beta of 1.51. The firm has a 50 day moving average price of $4.93 and a 200-day moving average price of $6.26. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.75 and a current ratio of 1.75.

BGSF (NYSE:BGSF) last issued its earnings results on Wednesday, March 12th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.01). BGSF had a negative net margin of 0.48% and a positive return on equity of 0.19%. The company had revenue of $64.41 million for the quarter, compared to analysts’ expectations of $67.65 million. As a group, equities research analysts forecast that BGSF will post -0.3 earnings per share for the current year.

Institutional Trading of BGSF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Millennium Management LLC purchased a new position in BGSF during the fourth quarter valued at $60,000. Northern Trust Corp raised its position in shares of BGSF by 43.8% in the 4th quarter. Northern Trust Corp now owns 37,675 shares of the company’s stock worth $197,000 after purchasing an additional 11,483 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of BGSF in the 4th quarter worth about $29,000. Dimensional Fund Advisors LP boosted its stake in 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 in the last quarter. Finally, Perritt Capital Management Inc grew its position in BGSF by 42.8% during the 4th quarter. Perritt Capital Management Inc now owns 47,089 shares of the company’s stock valued at $247,000 after purchasing an additional 14,113 shares during the last quarter. 37.19% of the stock is 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.