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

Stock analysts at StockNews.com began coverage on shares of BGSF (NYSE:BGSF) in a research report issued on Saturday. The brokerage set a “hold” rating on the stock.

BGSF Trading Down 0.2 %

BGSF stock opened at $5.39 on Friday. The company has a 50 day moving average price of $5.98 and a 200 day moving average price of $7.39. 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 has a 52 week low of $5.20 and a 52 week high of $10.74. The firm has a market capitalization of $59.42 million, a price-to-earnings ratio of -53.89 and a beta of 1.55.

BGSF (NYSE:BGSF) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.07) earnings per share 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 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 quarter in the prior year, the firm posted $0.36 EPS. Research analysts forecast that BGSF will post -0.3 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in shares of BGSF by 3.3% in the 3rd 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 during the last quarter. Cornerstone Wealth Group LLC bought a new position in BGSF during the third quarter valued at about $131,000. Tieton Capital Management LLC raised its holdings in BGSF by 15.9% during the second quarter. Tieton Capital Management LLC now owns 500,095 shares of the company’s stock valued at $4,276,000 after buying an additional 68,635 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its position in shares of BGSF by 500.0% in 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 last quarter. 37.19% of the stock is owned by institutional investors and hedge funds.

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.