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

Equities researchers at StockNews.com began coverage on shares of BGSF (NYSE:BGSF) in a research note issued on Wednesday. The brokerage set a “hold” rating on the stock.

BGSF Trading Down 0.3 %

NYSE BGSF opened at $4.97 on Wednesday. BGSF has a 12 month low of $4.95 and a 12 month high of $10.49. The company has a 50-day moving average of $5.51 and a 200-day moving average of $6.87. The company has a market cap of $54.71 million, a P/E ratio of -49.65 and a beta of 1.55. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.75 and a quick ratio of 1.75.

Institutional Investors Weigh In On BGSF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC increased its holdings in shares of BGSF by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 96,845 shares of the company’s stock valued at $816,000 after acquiring an additional 3,092 shares during the last quarter. Tieton Capital Management LLC boosted its stake in BGSF by 24.7% during the 4th quarter. Tieton Capital Management LLC now owns 623,250 shares of the company’s stock valued at $3,266,000 after purchasing an additional 123,410 shares in the last quarter. Allworth Financial LP acquired a new stake in BGSF in the 4th quarter valued at about $101,000. Finally, Cornerstone Wealth Group LLC acquired a new stake in shares of BGSF during the 3rd quarter valued at $131,000. Hedge funds and other institutional investors own 37.19% of the company’s stock.

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.