BGSF (NYSE:BGSF) Now Covered by StockNews.com

StockNews.com began coverage on shares of BGSF (NYSE:BGSF) in a research note released on Friday morning. The brokerage issued a buy rating on the stock.

BGSF Stock Up 0.8 %

BGSF stock opened at $9.04 on Friday. The company has a market capitalization of $98.81 million, a P/E ratio of -9.52 and a beta of 1.68. The company has a 50-day simple moving average of $9.67 and a 200 day simple moving average of $9.70. BGSF has a fifty-two week low of $8.50 and a fifty-two week high of $11.70.

BGSF (NYSE:BGSF) last posted its quarterly earnings data on Wednesday, March 13th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. The business had revenue of $73.57 million for the quarter, compared to analyst estimates of $75.05 million. BGSF had a negative net margin of 3.26% and a positive return on equity of 9.40%. Equities analysts anticipate that BGSF will post 0.82 EPS for the current year.

BGSF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Tuesday, February 20th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $0.60 annualized dividend and a yield of 6.64%. BGSF’s dividend payout ratio is currently -63.16%.

Institutional Investors Weigh In On BGSF

Several hedge funds and other institutional investors have recently bought and sold shares of BGSF. Tieton Capital Management LLC increased its holdings in shares of BGSF by 61.6% in the third quarter. Tieton Capital Management LLC now owns 342,495 shares of the company’s stock valued at $3,291,000 after buying an additional 130,511 shares in the last quarter. North Star Investment Management Corp. raised its holdings in shares of BGSF by 5.9% during the fourth quarter. North Star Investment Management Corp. now owns 725,573 shares of the company’s stock valued at $6,820,000 after acquiring an additional 40,290 shares during the period. Strata Wealth Advisors LLC acquired a new position in BGSF in the 3rd quarter worth approximately $253,000. Arete Wealth Advisors LLC acquired a new stake in BGSF during the 3rd quarter valued at $179,000. Finally, Bridge City Capital LLC purchased a new stake in shares of BGSF in the third quarter valued at $118,000. 37.19% of the stock is currently owned by institutional investors.

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.