LSV Asset Management Sells 24,753 Shares of BGSF, Inc. (NYSE:BGSF)

LSV Asset Management cut its stake in BGSF, Inc. (NYSE:BGSFFree Report) by 16.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 127,447 shares of the company’s stock after selling 24,753 shares during the quarter. LSV Asset Management’s holdings in BGSF were worth $1,198,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in BGSF. Tieton Capital Management LLC boosted its position in shares of 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. North Star Investment Management Corp. boosted its holdings in BGSF by 5.9% in the 4th 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 during the period. Arete Wealth Advisors LLC purchased a new position in shares of BGSF during the 3rd quarter valued at $179,000. Bridge City Capital LLC bought a new position in shares of BGSF in the third quarter worth $118,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position 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 buying an additional 7,026 shares in the last quarter. Hedge funds and other institutional investors own 37.19% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on BGSF in a report on Saturday, May 4th. They issued a “buy” rating on the stock.

Check Out Our Latest Research Report on BGSF

BGSF Price Performance

BGSF stock opened at $7.70 on Friday. The firm has a 50 day simple moving average of $9.50 and a two-hundred day simple moving average of $9.66. The stock has a market cap of $84.15 million, a PE ratio of -8.11 and a beta of 1.71. BGSF, Inc. has a one year low of $6.65 and a one year high of $11.70.

BGSF (NYSE:BGSFGet Free Report) last announced its earnings results on Wednesday, March 13th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.05. BGSF had a negative net margin of 3.26% and a positive return on equity of 9.40%. The company had revenue of $73.57 million during the quarter, compared to analyst estimates of $75.05 million. On average, research analysts expect that BGSF, Inc. will post 0.75 EPS for the current fiscal year.

BGSF Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding BGSF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BGSF, Inc. (NYSE:BGSFFree Report).

Institutional Ownership by Quarter for BGSF (NYSE:BGSF)

Receive News & Ratings for BGSF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BGSF and related companies with MarketBeat.com's FREE daily email newsletter.