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

BGSF, Inc. (NYSE:BGSF) was the recipient of a large growth in short interest in February. As of February 28th, there was short interest totalling 32,800 shares, a growth of 35.5% from the February 13th total of 24,200 shares. Based on an average daily trading volume, of 18,300 shares, the short-interest ratio is currently 1.8 days. Currently, 0.3% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on BGSF in a research report on Sunday. They set a “hold” rating on the stock.

BGSF Price Performance

Shares of NYSE:BGSF traded up $0.09 during midday trading on Tuesday, reaching $3.61. 446 shares of the company’s stock traded hands, compared to its average volume of 13,116. BGSF has a 1 year low of $3.34 and a 1 year high of $10.49. The company has a market cap of $39.80 million, a P/E ratio of -36.10 and a beta of 1.51. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.75 and a current ratio of 1.75. The company has a fifty day simple moving average of $4.93 and a two-hundred day simple moving average of $6.26.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BGSF. Tieton Capital Management LLC lifted its holdings in BGSF by 24.7% in the 4th quarter. Tieton Capital Management LLC now owns 623,250 shares of the company’s stock valued at $3,266,000 after purchasing an additional 123,410 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its holdings in BGSF by 33.2% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 424,424 shares of the company’s stock valued at $2,224,000 after purchasing an additional 105,699 shares in the last quarter. Allworth Financial LP purchased a new position in BGSF in the 4th quarter valued at $101,000. Perritt Capital Management Inc raised its holdings in shares of BGSF by 42.8% during the 4th quarter. Perritt Capital Management Inc now owns 47,089 shares of the company’s stock worth $247,000 after acquiring an additional 14,113 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of BGSF by 43.8% during the 4th quarter. Northern Trust Corp now owns 37,675 shares of the company’s stock worth $197,000 after acquiring an additional 11,483 shares during the period. Hedge funds and other institutional investors own 37.19% of the company’s stock.

BGSF Company Profile

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.