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

StockNews.com initiated coverage on shares of BGSF (NYSE:BGSF) in a report issued on Sunday. The firm issued a hold rating on the stock.

BGSF Trading Up 3.3 %

NYSE:BGSF opened at $3.64 on Friday. The company has a market capitalization of $40.07 million, a P/E ratio of -36.35 and a beta of 1.51. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.50. BGSF has a 12 month low of $3.34 and a 12 month high of $10.50. The firm has a fifty day simple moving average of $4.90 and a 200-day simple moving average of $6.23.

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

Institutional Trading of BGSF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC purchased a new position in shares of BGSF during the 4th quarter valued at about $29,000. Millennium Management LLC purchased a new position in shares of BGSF in the 4th quarter valued at about $60,000. Allworth Financial LP purchased a new position in shares of BGSF in the 4th quarter valued at about $101,000. Northern Trust Corp boosted its position in BGSF by 43.8% during the fourth quarter. Northern Trust Corp now owns 37,675 shares of the company’s stock worth $197,000 after purchasing an additional 11,483 shares in the last quarter. Finally, Perritt Capital Management Inc raised its stake 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 buying an additional 14,113 shares during the period. 37.19% of the stock is currently owned by institutional investors and hedge funds.

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.