BGSF (NYSE:BGSF) Downgraded to “Hold” at StockNews.com

BGSF (NYSE:BGSF) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Friday.

BGSF Trading Up 0.1 %

BGSF stock traded up $0.01 during mid-day trading on Friday, hitting $7.18. 14,999 shares of the company’s stock were exchanged, compared to its average volume of 26,922. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.60. BGSF has a fifty-two week low of $6.40 and a fifty-two week high of $11.70. The company’s 50 day simple moving average is $7.87 and its 200-day simple moving average is $9.16. The firm has a market capitalization of $78.55 million, a P/E ratio of 13.81 and a beta of 1.59.

BGSF (NYSE:BGSF) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.11. The firm had revenue of $68.77 million during the quarter, compared to analysts’ expectations of $69.50 million. BGSF had a return on equity of 9.74% and a net margin of 1.78%. On average, equities analysts anticipate that BGSF will post 0.4 earnings per share for the current year.

Insider Buying and Selling at BGSF

In other news, CFO John R. Barnett bought 6,000 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was bought at an average cost of $6.76 per share, for a total transaction of $40,560.00. Following the transaction, the chief financial officer now owns 12,375 shares of the company’s stock, valued at $83,655. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have bought a total of 12,009 shares of company stock valued at $80,723 in the last ninety days. 7.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BGSF. Perritt Capital Management Inc. increased its holdings in BGSF by 5.9% in the first quarter. Perritt Capital Management Inc. now owns 66,105 shares of the company’s stock worth $688,000 after purchasing an additional 3,679 shares in the last quarter. Prosperity Consulting Group LLC bought a new stake in shares of BGSF in the 1st quarter valued at $520,000. North Star Investment Management Corp. increased its stake in shares of BGSF by 1.3% in the 1st quarter. North Star Investment Management Corp. now owns 735,073 shares of the company’s stock valued at $7,652,000 after acquiring an additional 9,500 shares in the last quarter. SpiderRock Advisors LLC acquired a new position in shares of BGSF during the 1st quarter valued at $114,000. Finally, Bridge City Capital LLC boosted its stake in BGSF by 17.9% during the first quarter. Bridge City Capital LLC now owns 40,576 shares of the company’s stock worth $422,000 after acquiring an additional 6,160 shares in the last quarter. 37.19% of the stock is 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.