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

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

BGSF Trading Up 2.0 %

BGSF stock opened at $9.00 on Friday. The firm has a 50 day simple moving average of $9.61 and a 200-day simple moving average of $9.68. The company has a market capitalization of $98.37 million, a P/E ratio of -9.47 and a beta of 1.71. BGSF has a twelve month low of $8.45 and a twelve month high of $11.70.

BGSF (NYSE:BGSF) last announced its quarterly earnings data on Wednesday, March 13th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.05. The company had revenue of $73.57 million during 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%. On average, research analysts predict that BGSF will post 0.75 EPS for the current year.

BGSF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 20th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date was Friday, February 16th. BGSF’s dividend payout ratio is presently -63.16%.

Institutional Investors Weigh In On BGSF

A number of institutional investors have recently made changes to their positions in the company. Prosperity Consulting Group LLC acquired a new position in shares of BGSF in the 1st quarter valued at about $520,000. North Star Investment Management Corp. lifted its holdings in BGSF by 1.3% in the first quarter. North Star Investment Management Corp. now owns 735,073 shares of the company’s stock worth $7,652,000 after acquiring an additional 9,500 shares during the last quarter. SpiderRock Advisors LLC acquired a new position in BGSF in the first quarter valued at approximately $114,000. Bridge City Capital LLC grew its holdings in shares of BGSF by 17.9% during the first quarter. Bridge City Capital LLC now owns 40,576 shares of the company’s stock valued at $422,000 after purchasing an additional 6,160 shares during the last quarter. Finally, Tieton Capital Management LLC raised its position in shares of BGSF by 25.6% during the 4th quarter. Tieton Capital Management LLC now owns 430,315 shares of the company’s stock worth $4,045,000 after purchasing an additional 87,820 shares during the period. 37.19% of the stock is currently 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.