StockNews.com Initiates Coverage on BGSF (NYSE:BGSF)

Analysts at StockNews.com assumed coverage on shares of BGSF (NYSE:BGSF) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the stock.

BGSF Trading Up 0.9 %

NYSE BGSF opened at $4.98 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a market capitalization of $54.82 million, a price-to-earnings ratio of -49.75 and a beta of 1.55. BGSF has a one year low of $4.70 and a one year high of $10.49. The business’s fifty day moving average is $5.40 and its 200-day moving average is $6.70.

Hedge Funds Weigh In On BGSF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC bought a new position in BGSF in the 4th quarter worth about $29,000. Millennium Management LLC bought a new stake in BGSF during the 4th quarter worth approximately $60,000. Allworth Financial LP purchased a new stake in BGSF in the 4th quarter worth approximately $101,000. Cornerstone Wealth Group LLC bought a new position in BGSF in the 3rd quarter valued at $131,000. Finally, Northern Trust Corp grew its position in shares of BGSF by 43.8% during the 4th quarter. Northern Trust Corp now owns 37,675 shares of the company’s stock valued at $197,000 after purchasing an additional 11,483 shares in the last quarter. Institutional investors own 37.19% of the company’s stock.

BGSF Company Profile

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.