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

Research analysts at StockNews.com initiated coverage on shares of BGSF (NYSE:BGSF) in a research report issued on Sunday. The brokerage set a “hold” rating on the stock.

BGSF Trading Up 3.4 %

BGSF stock opened at $3.58 on Friday. The business has a 50-day simple moving average of $4.93 and a two-hundred day simple moving average of $6.26. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.50. The company has a market cap of $39.43 million, a P/E ratio of -35.77 and a beta of 1.51. BGSF has a 52-week low of $3.34 and a 52-week high of $10.50.

BGSF (NYSE:BGSF) last announced its quarterly earnings data on Wednesday, March 12th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.01). BGSF had a negative net margin of 0.48% and a positive return on equity of 0.19%. The firm had revenue of $64.41 million for the quarter, compared to the consensus estimate of $67.65 million. Analysts predict that BGSF will post -0.3 EPS for the current year.

Hedge Funds Weigh In On BGSF

A number of hedge funds have recently added to or reduced their stakes in BGSF. Tower Research Capital LLC TRC bought a new stake in shares of BGSF in the 4th quarter valued at about $29,000. Millennium Management LLC purchased a new position in BGSF during the fourth quarter valued at approximately $60,000. Allworth Financial LP bought a new position in BGSF in the fourth quarter worth approximately $101,000. Northern Trust Corp lifted its holdings in BGSF by 43.8% during the fourth quarter. Northern Trust Corp now owns 37,675 shares of the company’s stock worth $197,000 after buying an additional 11,483 shares during the period. Finally, Perritt Capital Management Inc boosted its position in BGSF by 42.8% during the 4th quarter. Perritt Capital Management Inc now owns 47,089 shares of the company’s stock valued at $247,000 after acquiring an additional 14,113 shares in the last quarter. 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.