Tower Research Capital LLC TRC Makes New $29,000 Investment in BGSF, Inc. (NYSE:BGSF)

Tower Research Capital LLC TRC bought a new position in BGSF, Inc. (NYSE:BGSF) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,487 shares of the company’s stock, valued at approximately $29,000.

A number of other institutional investors also recently modified their holdings of BGSF. Allworth Financial LP acquired a new position in BGSF during the 4th quarter worth $101,000. Tieton Capital Management LLC increased its holdings in shares of BGSF by 24.7% in the fourth quarter. Tieton Capital Management LLC now owns 623,250 shares of the company’s stock worth $3,266,000 after acquiring an additional 123,410 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its position in shares of BGSF by 33.2% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 424,424 shares of the company’s stock worth $2,224,000 after acquiring an additional 105,699 shares in the last quarter. Perritt Capital Management Inc boosted its position in shares of BGSF by 42.8% during the fourth quarter. Perritt Capital Management Inc now owns 47,089 shares of the company’s stock worth $247,000 after buying an additional 14,113 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of BGSF by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 316,105 shares of the company’s stock valued at $1,657,000 after purchasing an additional 7,592 shares during the last quarter. Institutional investors own 37.19% of the company’s stock.

BGSF Trading Up 2.5%

NYSE BGSF opened at $4.14 on Friday. The firm has a market capitalization of $45.99 million, a PE ratio of -41.40 and a beta of 0.86. The business’s 50-day moving average price is $3.47 and its two-hundred day moving average price is $4.89. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.50. BGSF, Inc. has a 12 month low of $2.91 and a 12 month high of $9.22.

BGSF (NYSE:BGSF) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.11. The firm had revenue of $63.23 million for the quarter, compared to analyst estimates of $62.00 million. BGSF had a positive return on equity of 0.19% and a negative net margin of 0.48%. On average, analysts expect that BGSF, Inc. will post -0.3 EPS for the current year.

Analysts Set New Price Targets

BGSF has been the topic of a number of recent analyst reports. StockNews.com began coverage on shares of BGSF in a report on Sunday, May 11th. They set a “hold” rating on the stock. Roth Capital set a $9.00 price objective on shares of BGSF in a research report on Thursday, March 20th. Finally, Roth Mkm decreased their target price on BGSF from $12.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th.

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.