BGSF, Inc. (NYSE:BGSF) Short Interest Update

BGSF, Inc. (NYSE:BGSF) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 46,300 shares, a growth of 48.4% from the March 15th total of 31,200 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 19,600 shares, the days-to-cover ratio is currently 2.4 days.

BGSF Stock Performance

Shares of BGSF stock opened at $3.07 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.50. The company has a market cap of $34.01 million, a PE ratio of -30.70 and a beta of 1.28. The company’s fifty day simple moving average is $3.97 and its 200-day simple moving average is $5.52. BGSF has a 52 week low of $2.91 and a 52 week high of $9.26.

BGSF (NYSE:BGSF) last posted its quarterly earnings data on Wednesday, March 12th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The firm had revenue of $64.41 million for the quarter, compared to analysts’ expectations of $67.65 million. BGSF had a negative net margin of 0.48% and a positive return on equity of 0.19%. As a group, equities research analysts anticipate that BGSF will post -0.3 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of BGSF in a research note on Thursday. They issued a “hold” rating for the company. Roth Capital set a $9.00 price objective on shares of BGSF in a research note on Thursday, March 20th. Finally, Roth Mkm lowered their target price on shares of BGSF from $12.00 to $9.00 and set a “buy” rating for the company in a research note on Thursday, March 20th.

Institutional Investors Weigh In On BGSF

Institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC bought a new stake in BGSF in the fourth quarter valued at about $29,000. Millennium Management LLC acquired a new position in BGSF in the fourth quarter worth $60,000. Allworth Financial LP bought a new stake in BGSF during the fourth quarter valued at $101,000. Northern Trust Corp raised its holdings in shares of 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 purchasing an additional 11,483 shares during the period. Finally, Perritt Capital Management Inc boosted its holdings in shares of BGSF by 42.8% in the 4th quarter. Perritt Capital Management Inc now owns 47,089 shares of the company’s stock valued at $247,000 after buying an additional 14,113 shares during the period. Institutional investors and hedge funds 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.