BGSF (NYSE:BGSF) Trading 2.8% Higher – Here’s What Happened

BGSF, Inc. (NYSE:BGSF) rose 2.8% during trading on Monday . The company traded as high as $5.62 and last traded at $5.55. 5,935 shares were traded during trading, a decline of 53% from the average session volume of 12,717 shares. The stock had previously closed at $5.40.

BGSF Stock Up 0.8%

The firm’s 50 day moving average price is $5.44 and its two-hundred day moving average price is $5.53. The firm has a market capitalization of $61.91 million, a PE ratio of -5.78 and a beta of 0.48.

BGSF (NYSE:BGSF) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.01). BGSF had a negative return on equity of 18.91% and a negative net margin of 11.98%.The firm had revenue of $20.88 million for the quarter, compared to analysts’ expectations of $21.00 million.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in shares of 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. Empowered Funds LLC increased its holdings in BGSF by 9.3% in the first quarter. Empowered Funds LLC now owns 37,556 shares of the company’s stock valued at $243,000 after buying an additional 3,206 shares during the last quarter. Bridgeway Capital Management LLC raised its stake in BGSF by 4.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 95,550 shares of the company’s stock valued at $442,000 after buying an additional 4,262 shares in the last quarter. Vanguard Group Inc. raised its stake in BGSF by 2.0% during the third quarter. Vanguard Group Inc. now owns 537,706 shares of the company’s stock valued at $3,818,000 after buying an additional 10,546 shares in the last quarter. Finally, Ritholtz Wealth Management lifted its holdings in BGSF by 148.5% during the 4th quarter. Ritholtz Wealth Management now owns 26,267 shares of the company’s stock worth $122,000 after buying an additional 15,695 shares during the last quarter. 37.19% of the stock is owned by institutional investors and hedge funds.

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.