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

StockNews.com assumed coverage on shares of BGSF (NYSE:BGSF) in a research report sent to investors on Sunday morning. The brokerage issued a hold rating on the stock.

BGSF Stock Performance

Shares of BGSF stock opened at $3.64 on Friday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.50. The stock’s fifty day moving average is $4.90 and its two-hundred day moving average is $6.23. BGSF has a 52 week low of $3.34 and a 52 week high of $10.50. The company has a market capitalization of $40.07 million, a PE ratio of -36.35 and a beta of 1.51.

BGSF (NYSE:BGSF) last announced its quarterly earnings data on Wednesday, March 12th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The firm had revenue of $64.41 million during the quarter, compared to the consensus estimate of $67.65 million. BGSF had a positive return on equity of 0.19% and a negative net margin of 0.48%. As a group, analysts expect that BGSF will post -0.3 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BGSF. Tieton Capital Management LLC raised its position in shares of BGSF by 24.7% in the 4th quarter. Tieton Capital Management LLC now owns 623,250 shares of the company’s stock worth $3,266,000 after acquiring an additional 123,410 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in BGSF by 33.2% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 424,424 shares of the company’s stock worth $2,224,000 after purchasing an additional 105,699 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of BGSF by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 316,105 shares of the company’s stock valued at $1,657,000 after buying an additional 7,592 shares during the last quarter. Geode Capital Management LLC boosted its holdings 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 buying an additional 3,092 shares in the last quarter. Finally, Perritt Capital Management Inc grew its position in shares of BGSF by 42.8% in the 4th quarter. Perritt Capital Management Inc now owns 47,089 shares of the company’s stock worth $247,000 after buying an additional 14,113 shares during the last quarter. Hedge funds and other 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.