Royce & Associates LP Has $12.80 Million Stock Position in TrueBlue, Inc. (NYSE:TBI)

Royce & Associates LP grew its position in TrueBlue, Inc. (NYSE:TBI) by 40.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,523,193 shares of the business services provider’s stock after buying an additional 441,108 shares during the quarter. Royce & Associates LP owned approximately 5.15% of TrueBlue worth $12,795,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pzena Investment Management LLC lifted its position in shares of TrueBlue by 0.3% in the fourth quarter. Pzena Investment Management LLC now owns 2,788,628 shares of the business services provider’s stock worth $23,424,000 after purchasing an additional 8,511 shares in the last quarter. FMR LLC lifted its position in shares of TrueBlue by 10.0% in the third quarter. FMR LLC now owns 1,742,474 shares of the business services provider’s stock worth $13,748,000 after purchasing an additional 158,967 shares in the last quarter. State Street Corp lifted its position in shares of TrueBlue by 0.3% in the third quarter. State Street Corp now owns 665,901 shares of the business services provider’s stock worth $5,254,000 after purchasing an additional 1,968 shares in the last quarter. Empowered Funds LLC lifted its position in shares of TrueBlue by 5.1% in the fourth quarter. Empowered Funds LLC now owns 172,069 shares of the business services provider’s stock worth $1,445,000 after purchasing an additional 8,327 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of TrueBlue in the fourth quarter worth approximately $978,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TrueBlue

In other TrueBlue news, CEO Taryn R. Owen acquired 12,735 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average price of $5.94 per share, with a total value of $75,645.90. Following the completion of the transaction, the chief executive officer now owns 414,932 shares in the company, valued at $2,464,696.08. The trade was a 3.17 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Carl Schweihs acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average cost of $6.25 per share, for a total transaction of $62,500.00. Following the transaction, the chief financial officer now owns 166,551 shares of the company’s stock, valued at approximately $1,040,943.75. This represents a 6.39 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 25,235 shares of company stock valued at $151,271. 4.00% of the stock is currently owned by corporate insiders.

TrueBlue Price Performance

Shares of TBI opened at $5.76 on Tuesday. The firm has a market cap of $170.97 million, a PE ratio of -1.38, a PEG ratio of 3.01 and a beta of 1.35. The firm’s 50 day moving average price is $7.04 and its 200 day moving average price is $7.50. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.85 and a current ratio of 1.73. TrueBlue, Inc. has a twelve month low of $5.19 and a twelve month high of $12.66.

TrueBlue (NYSE:TBI) last issued its quarterly earnings data on Wednesday, February 19th. The business services provider reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.14. The firm had revenue of $385.95 million for the quarter, compared to analyst estimates of $385.04 million. TrueBlue had a negative net margin of 8.02% and a negative return on equity of 3.90%. As a group, research analysts expect that TrueBlue, Inc. will post 0.15 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com raised shares of TrueBlue from a “sell” rating to a “hold” rating in a research report on Sunday, March 2nd.

About TrueBlue

TrueBlue, Inc, together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, the United Kingdom, Australia, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The company PeopleReady segment provides general, industrial, and skilled trade contingent staffing services for construction, transportation, manufacturing, retail, hospitality, and renewable energy industries.