BGSF, Inc. (NYSE:BGSF) Short Interest Up 21.2% in June

BGSF, Inc. (NYSE:BGSF) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 65,700 shares, an increase of 21.2% from the June 15th total of 54,200 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 45,400 shares, the short-interest ratio is presently 1.4 days.

BGSF Price Performance

BGSF stock traded down $0.03 during trading on Tuesday, hitting $8.38. The stock had a trading volume of 16,824 shares, compared to its average volume of 28,869. The stock has a market cap of $91.84 million, a price-to-earnings ratio of 16.12 and a beta of 1.61. 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’s 50 day moving average price is $7.55 and its two-hundred day moving average price is $8.96. BGSF has a 1-year low of $6.40 and a 1-year high of $11.70.

BGSF (NYSE:BGSF) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.11. The business had revenue of $68.77 million during the quarter, compared to the consensus estimate of $69.50 million. BGSF had a net margin of 1.78% and a return on equity of 9.74%. On average, sell-side analysts forecast that BGSF will post 0.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded BGSF from a “buy” rating to a “hold” rating in a research report on Friday, June 14th.

Insider Buying and Selling

In other news, CFO John R. Barnett bought 6,000 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were bought at an average cost of $6.76 per share, for a total transaction of $40,560.00. Following the completion of the transaction, the chief financial officer now owns 12,375 shares in the company, valued at $83,655. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other BGSF news, CFO John R. Barnett bought 6,000 shares of the company’s stock in a transaction on Friday, May 17th. The stock was purchased at an average cost of $6.76 per share, for a total transaction of $40,560.00. Following the acquisition, the chief financial officer now owns 12,375 shares of the company’s stock, valued at approximately $83,655. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director C. David Allen, Jr. purchased 4,329 shares of BGSF stock in a transaction on Friday, June 14th. The stock was acquired at an average cost of $7.17 per share, for a total transaction of $31,038.93. Following the acquisition, the director now directly owns 73,869 shares of the company’s stock, valued at $529,640.73. The disclosure for this purchase can be found here. Insiders have bought a total of 16,338 shares of company stock worth $111,762 in the last quarter. Company insiders own 7.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Tieton Capital Management LLC grew its position in shares of 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 purchasing an additional 87,820 shares during the period. Prosperity Consulting Group LLC purchased a new stake in BGSF in the 1st quarter valued at about $520,000. North Star Investment Management Corp. increased its stake 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 valued at $6,820,000 after acquiring an additional 40,290 shares during the last quarter. SpiderRock Advisors LLC acquired a new position in shares of BGSF during the 1st quarter valued at about $114,000. Finally, Bridge City Capital LLC lifted its holdings in shares of BGSF by 17.9% during the 1st quarter. Bridge City Capital LLC now owns 40,576 shares of the company’s stock worth $422,000 after acquiring an additional 6,160 shares during the period. 37.19% of the stock is currently owned by institutional investors and hedge funds.

BGSF Company Profile

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.