BGSF, Inc. (NYSE:BGSF) CFO Purchases $40,560.00 in Stock

BGSF, Inc. (NYSE:BGSF) CFO John R. Barnett acquired 6,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were acquired at an average price of $6.76 per share, for a total transaction of $40,560.00. Following the acquisition, the chief financial officer now directly owns 12,375 shares of the company’s stock, valued at $83,655. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

BGSF Price Performance

BGSF stock opened at $6.69 on Thursday. BGSF, Inc. has a 52-week low of $6.61 and a 52-week high of $11.70. The stock’s fifty day simple moving average is $9.01 and its 200-day simple moving average is $9.52. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $73.19 million, a price-to-earnings ratio of 12.87 and a beta of 1.71.

BGSF (NYSE:BGSF) last issued its earnings results on Wednesday, March 13th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. BGSF had a return on equity of 9.74% and a net margin of 1.78%. The firm had revenue of $73.57 million for the quarter, compared to analysts’ expectations of $75.05 million.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. North Star Investment Management Corp. boosted its holdings in BGSF by 1.3% in the first quarter. North Star Investment Management Corp. now owns 735,073 shares of the company’s stock valued at $7,652,000 after acquiring an additional 9,500 shares during the last quarter. Tieton Capital Management LLC boosted its holdings in BGSF by 25.6% in the fourth quarter. Tieton Capital Management LLC now owns 430,315 shares of the company’s stock valued at $4,045,000 after acquiring an additional 87,820 shares during the last quarter. Perritt Capital Management Inc. boosted its holdings in BGSF by 5.9% in the first quarter. Perritt Capital Management Inc. now owns 66,105 shares of the company’s stock valued at $688,000 after acquiring an additional 3,679 shares during the last quarter. Prosperity Consulting Group LLC acquired a new position in BGSF in the first quarter valued at $520,000. Finally, Bridge City Capital LLC raised its position in BGSF by 17.9% in the first quarter. Bridge City Capital LLC now owns 40,576 shares of the company’s stock valued at $422,000 after purchasing an additional 6,160 shares during the period. Institutional investors and hedge funds own 37.19% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on BGSF in a report on Monday. They set a “buy” rating on the 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.