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

StockNews.com started coverage on shares of BGSF (NYSE:BGSF) in a research report released on Sunday. The brokerage issued a buy rating on the stock.

BGSF Stock Performance

NYSE:BGSF opened at $7.03 on Friday. The firm has a market capitalization of $76.91 million, a PE ratio of 13.52 and a beta of 1.71. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.60. BGSF has a 12-month low of $6.65 and a 12-month high of $11.70. The firm has a 50-day moving average price of $9.29 and a 200 day moving average price of $9.61.

BGSF (NYSE:BGSF) last issued its earnings results on Wednesday, March 13th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. BGSF had a return on equity of 9.74% and a net margin of 1.78%. The business had revenue of $73.57 million during the quarter, compared to analysts’ expectations of $75.05 million.

Institutional Trading of BGSF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arete Wealth Advisors LLC acquired a new stake in shares of BGSF during the third quarter worth $179,000. Tieton Capital Management LLC grew its stake in 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 acquiring an additional 130,511 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of BGSF by 28.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 31,835 shares of the company’s stock worth $306,000 after acquiring an additional 7,026 shares in the last quarter. Perritt Capital Management Inc. grew its position in shares of BGSF by 1.9% in the 3rd 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, Bridge City Capital LLC bought a new stake in BGSF during the 3rd quarter worth approximately $118,000. 37.19% of the stock is 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.