StockNews.com Initiates Coverage on BGSF (NYSE:BGSF)

StockNews.com initiated coverage on shares of BGSF (NYSE:BGSF) in a research report sent to investors on Friday morning. The brokerage issued a hold rating on the stock.

BGSF Stock Down 1.8 %

Shares of BGSF opened at $4.85 on Friday. BGSF has a 12 month low of $4.70 and a 12 month high of $10.49. The firm’s 50 day moving average is $5.30 and its 200-day moving average is $6.58. The stock has a market capitalization of $53.47 million, a PE ratio of -48.50 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.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC bought a new position in shares of BGSF during the fourth quarter worth approximately $29,000. Millennium Management LLC bought a new position in BGSF in the fourth quarter valued at approximately $60,000. Allworth Financial LP bought a new position in BGSF in the fourth quarter valued at approximately $101,000. Cornerstone Wealth Group LLC bought a new position in BGSF in the third quarter valued at approximately $131,000. Finally, Northern Trust Corp increased its stake in BGSF by 43.8% in the fourth quarter. Northern Trust Corp now owns 37,675 shares of the company’s stock valued at $197,000 after acquiring an additional 11,483 shares during the last quarter. 37.19% of the stock is owned by institutional investors.

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.