BGSF (NYSE:BGSF) Coverage Initiated at StockNews.com

Research analysts at StockNews.com started coverage on shares of BGSF (NYSE:BGSF) in a note issued to investors on Friday. The firm set a “buy” rating on the stock.

BGSF Stock Up 0.8 %

NYSE:BGSF opened at $8.97 on Friday. The stock’s 50-day simple moving average is $9.70 and its 200 day simple moving average is $9.70. The firm has a market capitalization of $98.04 million, a PE ratio of -9.44 and a beta of 1.68. BGSF has a twelve month low of $8.50 and a twelve month high of $11.70.

BGSF (NYSE:BGSF) last released its quarterly earnings data on Wednesday, March 13th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.05. The business had revenue of $73.57 million for the quarter, compared to analyst estimates of $75.05 million. BGSF had a positive return on equity of 9.40% and a negative net margin of 3.26%. On average, analysts anticipate that BGSF will post 0.82 EPS for the current fiscal year.

Institutional Trading of BGSF

A number of hedge funds have recently made changes to their positions in the company. North Star Investment Management Corp. boosted its stake in shares of BGSF by 5.9% during the fourth quarter. North Star Investment Management Corp. now owns 725,573 shares of the company’s stock valued at $6,820,000 after purchasing an additional 40,290 shares in the last quarter. Tieton Capital Management LLC boosted its stake in shares of BGSF by 25.6% during the fourth quarter. Tieton Capital Management LLC now owns 430,315 shares of the company’s stock valued at $4,045,000 after purchasing an additional 87,820 shares in the last quarter. Perritt Capital Management Inc. raised its position in shares of BGSF by 1.9% during the third quarter. Perritt Capital Management Inc. now owns 65,156 shares of the company’s stock worth $626,000 after acquiring an additional 1,200 shares during the last quarter. Bridge City Capital LLC raised its position 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 worth $422,000 after acquiring an additional 6,160 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of BGSF by 28.3% during 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 during the last quarter. 37.19% of the stock is owned by institutional investors and hedge funds.

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.