BGSF, Inc. (NYSE:BGSF) Short Interest Update

BGSF, Inc. (NYSE:BGSF) was the recipient of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 25,600 shares, a decline of 12.3% from the November 15th total of 29,200 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 21,800 shares, the short-interest ratio is currently 1.2 days.

BGSF Price Performance

NYSE BGSF traded up $0.14 during trading on Tuesday, hitting $6.19. 37,547 shares of the company’s stock were exchanged, compared to its average volume of 25,904. The company has a market cap of $68.24 million, a PE ratio of -60.50 and a beta of 1.55. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.50. BGSF has a fifty-two week low of $5.20 and a fifty-two week high of $10.74. The stock’s 50 day moving average price is $6.94 and its two-hundred day moving average price is $7.59.

BGSF (NYSE:BGSF) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.18). The company had revenue of $71.19 million for the quarter, compared to the consensus estimate of $75.00 million. BGSF had a negative net margin of 0.48% and a positive return on equity of 0.19%. During the same period last year, the firm posted $0.36 earnings per share. Research analysts expect that BGSF will post -0.3 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Cornerstone Wealth Group LLC bought a new stake in BGSF during the 3rd quarter worth $131,000. Geode Capital Management LLC raised its position in BGSF by 3.3% in the third quarter. Geode Capital Management LLC now owns 96,845 shares of the company’s stock valued at $816,000 after purchasing an additional 3,092 shares during the last quarter. King Luther Capital Management Corp boosted its stake in shares of BGSF by 500.0% during the second quarter. King Luther Capital Management Corp now owns 360,201 shares of the company’s stock valued at $3,080,000 after purchasing an additional 300,163 shares in the last quarter. Finally, Tieton Capital Management LLC grew its holdings in shares of BGSF by 15.9% during the second quarter. Tieton Capital Management LLC now owns 500,095 shares of the company’s stock worth $4,276,000 after purchasing an additional 68,635 shares during the last quarter. 37.19% of the stock is currently owned by institutional investors and hedge funds.

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.