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

StockNews.com initiated coverage on shares of BGSF (NYSE:BGSF) in a report issued on Monday. The brokerage issued a buy rating on the stock.

BGSF Trading Down 2.0 %

NYSE BGSF opened at $6.69 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.09 and a current ratio of 2.09. The company has a market capitalization of $73.19 million, a price-to-earnings ratio of 12.87 and a beta of 1.71. The company’s 50-day simple moving average is $9.01 and its two-hundred day simple moving average is $9.52. BGSF has a one year low of $6.61 and a one year high of $11.70.

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

Insider Activity at BGSF

In other BGSF news, CFO John R. Barnett bought 6,000 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was acquired at an average price of $6.76 per share, with a total value of $40,560.00. Following the completion of 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 SEC, which is available through this hyperlink. Company insiders own 7.40% of the company’s stock.

Institutional Trading of BGSF

Hedge funds have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of BGSF by 28.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 31,835 shares of the company’s stock valued at $306,000 after acquiring an additional 7,026 shares during the period. Bridge City Capital LLC purchased a new stake in shares of BGSF during the 3rd quarter worth $118,000. North Star Investment Management Corp. boosted its position in shares of BGSF by 5.9% during the 4th quarter. North Star Investment Management Corp. now owns 725,573 shares of the company’s stock worth $6,820,000 after purchasing an additional 40,290 shares in the last quarter. Tieton Capital Management LLC boosted its position in shares of BGSF by 25.6% during the 4th quarter. Tieton Capital Management LLC now owns 430,315 shares of the company’s stock worth $4,045,000 after purchasing an additional 87,820 shares in the last quarter. Finally, Perritt Capital Management Inc. boosted its position in shares of BGSF by 1.9% during the 3rd quarter. Perritt Capital Management Inc. now owns 65,156 shares of the company’s stock worth $626,000 after purchasing an additional 1,200 shares in the last quarter. Institutional investors and hedge funds 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.