BGSF (NYSE:BGSF) Shares Up 3.3% – Here’s What Happened

BGSF, Inc. (NYSE:BGSF) shares were up 3.3% on Tuesday . The stock traded as high as $5.45 and last traded at $5.37. Approximately 15,205 shares traded hands during trading, an increase of 97% from the average session volume of 7,721 shares. The stock had previously closed at $5.20.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BGSF in a research note on Thursday, July 2nd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, BGSF currently has a consensus rating of “Reduce”.

BGSF Trading Down 2.0%

The firm has a market capitalization of $56.33 million, a PE ratio of -5.25 and a beta of 0.45. The firm’s fifty day moving average price is $5.44 and its 200 day moving average price is $5.71.

BGSF (NYSE:BGSF) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). The firm had revenue of $20.88 million for the quarter, compared to analysts’ expectations of $21.00 million. BGSF had a negative return on equity of 18.91% and a negative net margin of 11.98%.

Institutional Investors Weigh In On BGSF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bridgeway Capital Management LLC raised its stake in shares of BGSF by 37.9% in the 3rd quarter. Bridgeway Capital Management LLC now owns 91,288 shares of the company’s stock valued at $648,000 after buying an additional 25,088 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of BGSF by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 112,454 shares of the company’s stock worth $521,000 after acquiring an additional 1,936 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of BGSF by 89.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 45,484 shares of the company’s stock worth $211,000 after purchasing an additional 21,503 shares during the last quarter. Jane Street Group LLC grew its holdings in BGSF by 183.6% during the 4th quarter. Jane Street Group LLC now owns 38,287 shares of the company’s stock worth $177,000 after acquiring an additional 24,787 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in shares of BGSF by 14.2% during the fourth quarter. Empowered Funds LLC now owns 34,350 shares of the company’s stock valued at $159,000 after purchasing an additional 4,262 shares during the last quarter. 37.19% of the stock is owned by institutional investors and hedge funds.

BGSF Company Profile

BGSF, Inc (NYSE:BGSF) is a provider of comprehensive workforce management and professional staffing services. The company specializes in designing and administering programs that help organizations optimize their contingent labor, direct hire recruiting and managed service solutions. Through an integrated approach, BGSF delivers end-to-end support that encompasses the planning, deployment and oversight of talent across multiple business functions.

BGSF’s service offerings include strategic workforce planning, vendor management, compliance and risk management, onboarding, timekeeping and payroll administration.