BGSF, Inc. (NYSE:BGSF) Short Interest Up 35.5% in February

BGSF, Inc. (NYSE:BGSF) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 32,800 shares, a growth of 35.5% from the February 13th total of 24,200 shares. Based on an average daily trading volume, of 18,300 shares, the short-interest ratio is presently 1.8 days. Approximately 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On BGSF

Several large investors have recently modified their holdings of BGSF. Allworth Financial LP purchased a new position in BGSF during the 4th quarter valued at about $101,000. Geode Capital Management LLC grew its stake in BGSF by 3.3% during the third quarter. Geode Capital Management LLC now owns 96,845 shares of the company’s stock valued at $816,000 after acquiring an additional 3,092 shares in the last quarter. Millennium Management LLC bought a new stake in BGSF during the 4th quarter worth approximately $60,000. Northern Trust Corp lifted its stake in 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 in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in BGSF by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 316,105 shares of the company’s stock valued at $1,657,000 after purchasing an additional 7,592 shares during the period. Hedge funds and other institutional investors own 37.19% of the company’s stock.

BGSF Stock Performance

Shares of BGSF stock traded up $0.12 during trading hours on Monday, hitting $3.58. 15,904 shares of the company’s stock traded hands, compared to its average volume of 26,170. The stock has a market capitalization of $39.43 million, a price-to-earnings ratio of -35.77 and a beta of 1.51. BGSF has a 12-month low of $3.34 and a 12-month high of $10.50. 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 company has a fifty day simple moving average of $4.93 and a 200-day simple moving average of $6.26.

BGSF (NYSE:BGSF) last posted its quarterly earnings results on Wednesday, March 12th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). BGSF had a positive return on equity of 0.19% and a negative net margin of 0.48%. The company had revenue of $64.41 million during the quarter, compared to the consensus estimate of $67.65 million. Equities research analysts anticipate that BGSF will post -0.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on BGSF in a research report on Sunday. They set 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.