Royce & Associates LP Has $12.80 Million Stock Position in TrueBlue, Inc. (NYSE:TBI)

Royce & Associates LP lifted its stake in TrueBlue, Inc. (NYSE:TBI) by 40.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,523,193 shares of the business services provider’s stock after acquiring an additional 441,108 shares during the period. Royce & Associates LP owned approximately 0.05% of TrueBlue worth $12,795,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quantbot Technologies LP acquired a new stake in shares of TrueBlue in the third quarter worth $79,000. SG Americas Securities LLC acquired a new stake in shares of TrueBlue in the fourth quarter worth $108,000. Proficio Capital Partners LLC acquired a new stake in TrueBlue during the fourth quarter worth $116,000. Quantinno Capital Management LP acquired a new stake in TrueBlue during the third quarter worth $149,000. Finally, Walleye Capital LLC acquired a new stake in TrueBlue during the third quarter worth $227,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

TrueBlue Stock Down 1.3 %

TBI opened at $5.76 on Tuesday. TrueBlue, Inc. has a fifty-two week low of $5.19 and a fifty-two week high of $12.66. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.73 and a quick ratio of 1.85. The firm’s fifty day moving average price is $7.04 and its two-hundred day moving average price is $7.50. The company has a market capitalization of $170.97 million, a P/E ratio of -1.38, a P/E/G ratio of 3.01 and a beta of 1.35.

TrueBlue (NYSE:TBI) last issued its quarterly earnings data on Wednesday, February 19th. The business services provider reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.14. The company had revenue of $385.95 million during the quarter, compared to analysts’ expectations of $385.04 million. TrueBlue had a negative return on equity of 3.90% and a negative net margin of 8.02%. On average, analysts anticipate that TrueBlue, Inc. will post 0.15 EPS for the current year.

Insider Buying and Selling at TrueBlue

In related news, CEO Taryn R. Owen acquired 12,735 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was bought at an average cost of $5.94 per share, with a total value of $75,645.90. Following the completion of the acquisition, the chief executive officer now owns 414,932 shares in the company, valued at $2,464,696.08. The trade was a 3.17 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Carl Schweihs acquired 10,000 shares of the business’s stock in a transaction on Monday, February 24th. The shares were bought at an average cost of $6.25 per share, with a total value of $62,500.00. Following the completion of the acquisition, the chief financial officer now owns 166,551 shares of the company’s stock, valued at approximately $1,040,943.75. This trade represents a 6.39 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 25,235 shares of company stock valued at $151,271. 4.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of TrueBlue from a “sell” rating to a “hold” rating in a research note on Sunday, March 2nd.

TrueBlue Profile

TrueBlue, Inc, together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, the United Kingdom, Australia, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The company PeopleReady segment provides general, industrial, and skilled trade contingent staffing services for construction, transportation, manufacturing, retail, hospitality, and renewable energy industries.