BGSF (NYSE:BGSF) Shares Down 1.6% – What’s Next?

BGSF, Inc. (NYSE:BGSF) shares dropped 1.6% during mid-day trading on Thursday . The stock traded as low as $5.58 and last traded at $5.59. Approximately 22,246 shares traded hands during trading, a decline of 14% from the average daily volume of 25,743 shares. The stock had previously closed at $5.68.

BGSF Stock Down 1.6 %

The firm has a 50 day simple moving average of $7.50 and a two-hundred day simple moving average of $7.68. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a market cap of $61.62 million, a price-to-earnings ratio of -55.90 and a beta of 1.65.

BGSF (NYSE:BGSF) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.18). The business had revenue of $71.19 million for the quarter, compared to analyst estimates of $75.00 million. BGSF had a positive return on equity of 0.19% and a negative net margin of 0.48%. During the same period in the prior year, the business earned $0.36 EPS. As a group, sell-side analysts expect that BGSF, Inc. will post -0.31 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Tieton Capital Management LLC grew its stake in BGSF by 15.9% in the second 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 in the last quarter. King Luther Capital Management Corp grew its stake in BGSF by 500.0% in the second 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 in the last quarter. Geode Capital Management LLC grew its stake in BGSF by 3.3% in the third quarter. Geode Capital Management LLC now owns 96,845 shares of the company’s stock valued at $816,000 after purchasing an additional 3,092 shares in the last quarter. Finally, Cornerstone Wealth Group LLC bought a new position in BGSF in the third quarter valued at approximately $131,000. 37.19% of the stock is currently owned by institutional investors.

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.