BGSF (NYSE:BGSF) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of BGSF (NYSE:BGSF) in a report released on Saturday morning. The brokerage issued a hold rating on the stock.

BGSF Price Performance

NYSE:BGSF opened at $4.22 on Friday. The firm has a market capitalization of $46.47 million, a price-to-earnings ratio of -42.15 and a beta of 1.51. 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 business has a 50 day simple moving average of $5.12 and a 200-day simple moving average of $6.41. BGSF has a 1 year low of $4.15 and a 1 year high of $10.50.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BGSF. Tower Research Capital LLC TRC purchased a new stake in shares of BGSF in the fourth quarter worth approximately $29,000. Millennium Management LLC purchased a new stake in BGSF in the fourth quarter worth $60,000. Allworth Financial LP purchased a new stake in BGSF in the fourth quarter worth $101,000. Northern Trust Corp lifted its position in shares of BGSF by 43.8% during the fourth 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. Finally, Perritt Capital Management Inc boosted its stake in shares of BGSF by 42.8% during the fourth 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 period. Institutional investors own 37.19% of the company’s stock.

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.