BGSF (NYSE:BGSF) Stock Price Up 3.5%

Shares of BGSF, Inc. (NYSE:BGSF) rose 3.5% on Monday . The company traded as high as $8.16 and last traded at $8.08. Approximately 36,900 shares were traded during trading, an increase of 35% from the average daily volume of 27,411 shares. The stock had previously closed at $7.81.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of BGSF from a “buy” rating to a “hold” rating in a research report on Friday, June 14th.

BGSF Price Performance

The company has a market cap of $88.23 million, a PE ratio of 15.48 and a beta of 1.61. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.02 and a quick ratio of 2.02. The stock’s 50-day moving average is $8.33 and its 200 day moving average is $8.54.

BGSF (NYSE:BGSF) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.15). The business had revenue of $68.14 million for the quarter, compared to analyst estimates of $74.00 million. BGSF had a return on equity of 5.79% and a net margin of 0.71%. During the same period in the previous year, the company posted $0.24 earnings per share. On average, equities analysts anticipate that BGSF, Inc. will post 0.06 earnings per share for the current fiscal year.

Insider Buying and Selling at BGSF

In related news, Director C. David Allen, Jr. bought 4,329 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was bought at an average cost of $7.17 per share, for a total transaction of $31,038.93. Following the purchase, the director now directly owns 73,869 shares of the company’s stock, valued at $529,640.73. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BGSF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. King Luther Capital Management Corp lifted its stake in BGSF by 500.0% during the 2nd quarter. King Luther Capital Management Corp now owns 360,201 shares of the company’s stock valued at $3,080,000 after acquiring an additional 300,163 shares during the period. Tieton Capital Management LLC boosted its holdings in BGSF by 25.6% in the fourth quarter. Tieton Capital Management LLC now owns 430,315 shares of the company’s stock valued at $4,045,000 after purchasing an additional 87,820 shares during the last quarter. Prosperity Consulting Group LLC acquired a new stake in BGSF during the 1st quarter worth about $520,000. SpiderRock Advisors LLC acquired a new stake in BGSF during the 1st quarter worth about $114,000. Finally, North Star Investment Management Corp. raised its stake in shares of BGSF by 1.3% during the 1st quarter. North Star Investment Management Corp. now owns 735,073 shares of the company’s stock valued at $7,652,000 after buying an additional 9,500 shares during the last quarter. 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.