BGSF (NYSE:BGSF) Trading 3.3% Higher – Here’s What Happened

BGSF, Inc. (NYSE:BGSF) was up 3.3% on Tuesday . The company traded as high as $5.45 and last traded at $5.37. Approximately 15,205 shares changed hands during mid-day trading, an increase of 97% from the average session volume of 7,721 shares. The stock had previously closed at $5.20.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of BGSF in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce”.

BGSF Stock Up 3.3%

The business has a 50-day simple moving average of $5.44 and a two-hundred day simple moving average of $5.71. The stock has a market capitalization of $57.57 million, a P/E ratio of -5.37 and a beta of 0.45.

BGSF (NYSE:BGSF) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). BGSF had a negative net margin of 11.98% and a negative return on equity of 18.91%. The company had revenue of $20.88 million for the quarter, compared to the consensus estimate of $21.00 million.

Hedge Funds Weigh In On BGSF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sei Investments Co. grew its stake in BGSF by 105.9% during the first quarter. Sei Investments Co. now owns 281,596 shares of the company’s stock worth $1,822,000 after buying an additional 144,820 shares during the last quarter. Walleye Capital LLC acquired a new position in shares of BGSF in the 1st quarter worth approximately $215,000. Vise Technologies Inc. acquired a new position in shares of BGSF in the 4th quarter worth approximately $122,000. Bridgeway Capital Management LLC grew its position in BGSF by 37.9% during the 3rd quarter. Bridgeway Capital Management LLC now owns 91,288 shares of the company’s stock worth $648,000 after acquiring an additional 25,088 shares during the last quarter. Finally, Jane Street Group LLC grew its position in BGSF by 183.6% during the 4th quarter. Jane Street Group LLC now owns 38,287 shares of the company’s stock worth $177,000 after acquiring an additional 24,787 shares during the last quarter. 37.19% of the stock is currently owned by institutional investors and hedge funds.

BGSF Company Profile

BGSF, Inc (NYSE:BGSF) is a provider of comprehensive workforce management and professional staffing services. The company specializes in designing and administering programs that help organizations optimize their contingent labor, direct hire recruiting and managed service solutions. Through an integrated approach, BGSF delivers end-to-end support that encompasses the planning, deployment and oversight of talent across multiple business functions.

BGSF’s service offerings include strategic workforce planning, vendor management, compliance and risk management, onboarding, timekeeping and payroll administration.