Short Interest in BGSF, Inc. (NYSE:BGSF) Declines By 29.6%

BGSF, Inc. (NYSE:BGSFGet Free Report) was the recipient of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 30,400 shares, a decrease of 29.6% from the January 15th total of 43,200 shares. Based on an average daily trading volume, of 21,200 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.3% of the company’s stock are short sold.

BGSF Stock Performance

Shares of BGSF stock opened at $10.22 on Tuesday. The stock’s 50-day moving average is $9.75 and its two-hundred day moving average is $9.71. The firm has a market cap of $111.16 million, a price-to-earnings ratio of -11.36 and a beta of 1.68. BGSF has a 1 year low of $8.85 and a 1 year high of $15.86. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.83 and a current ratio of 0.83.

BGSF Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 20th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.87%. The ex-dividend date is Friday, February 16th. BGSF’s payout ratio is -66.67%.

Hedge Funds Weigh In On BGSF

Hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in shares of BGSF by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 80,642 shares of the company’s stock worth $1,235,000 after buying an additional 968 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of BGSF by 7.3% during the third quarter. Royal Bank of Canada now owns 15,873 shares of the company’s stock worth $177,000 after buying an additional 1,073 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of BGSF by 1.4% during the third quarter. Bank of New York Mellon Corp now owns 83,475 shares of the company’s stock worth $928,000 after buying an additional 1,176 shares during the last quarter. Perritt Capital Management Inc. lifted its position in BGSF by 1.9% in the third quarter. Perritt Capital Management Inc. now owns 65,156 shares of the company’s stock valued at $626,000 after purchasing an additional 1,200 shares during the period. Finally, Advisor Group Holdings Inc. lifted its position in BGSF by 107.2% in the first quarter. Advisor Group Holdings Inc. now owns 2,946 shares of the company’s stock valued at $39,000 after purchasing an additional 1,524 shares during the period. Hedge funds and other institutional investors own 37.73% of the company’s stock.

BGSF Company Profile

(Get Free Report)

BGSF, Inc, together with its subsidiaries, provides workforce solutions and placement services in the United States. It operates in two segments, Real Estate and Professional. The Real Estate segment offers office and maintenance field talent to various apartment communities and commercial buildings.

Further Reading

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