BGSF (NYSE:BGSF) Issues Earnings Results

BGSF (NYSE:BGSF) released its quarterly earnings results on Wednesday. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.07, FiscalAI reports. The firm had revenue of $22.03 million for the quarter, compared to the consensus estimate of $22.95 million. BGSF had a negative return on equity of 13.16% and a negative net margin of 6.32%.

BGSF Stock Up 0.1%

Shares of NYSE:BGSF traded up $0.00 during mid-day trading on Thursday, reaching $6.25. 1,073 shares of the stock were exchanged, compared to its average volume of 33,137. The stock’s 50 day simple moving average is $5.69 and its 200-day simple moving average is $5.14. BGSF has a one year low of $2.91 and a one year high of $8.22. The company has a market cap of $70.04 million, a P/E ratio of -6.07 and a beta of 0.71.

Hedge Funds Weigh In On BGSF

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of BGSF by 2.0% in the third quarter. Vanguard Group Inc. now owns 537,706 shares of the company’s stock worth $3,818,000 after purchasing an additional 10,546 shares in the last quarter. Geode Capital Management LLC boosted its holdings in BGSF by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 112,454 shares of the company’s stock worth $521,000 after purchasing an additional 1,936 shares during the last quarter. Bridgeway Capital Management LLC grew its position in BGSF by 4.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 95,550 shares of the company’s stock valued at $442,000 after purchasing an additional 4,262 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in BGSF by 89.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 45,484 shares of the company’s stock valued at $211,000 after purchasing an additional 21,503 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in BGSF by 183.6% in the 4th quarter. Jane Street Group LLC now owns 38,287 shares of the company’s stock valued at $177,000 after buying an additional 24,787 shares during the last quarter. 37.19% of the stock is owned by institutional investors.

BGSF Company Profile

BGSF, Inc (NYSE:BGSF) is a provider of comprehensive workforce management and professional staffing services. The company specializes in designing and administering programs that help organizations optimize their contingent labor, direct hire recruiting and managed service solutions. Through an integrated approach, BGSF delivers end-to-end support that encompasses the planning, deployment and oversight of talent across multiple business functions.

BGSF’s service offerings include strategic workforce planning, vendor management, compliance and risk management, onboarding, timekeeping and payroll administration.