BGSF, Inc. (NYSE:BGSF) Plans $0.15 Quarterly Dividend

BGSF, Inc. (NYSE:BGSFGet Free Report) declared a quarterly dividend on Thursday, February 8th, Zacks reports. Stockholders of record on Tuesday, February 20th will be paid a dividend of 0.15 per share on Tuesday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date is Friday, February 16th.

BGSF has raised its dividend by an average of 6.3% per year over the last three years.

BGSF Stock Up 2.2 %

Shares of BGSF opened at $10.44 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a 50 day simple moving average of $9.74 and a 200-day simple moving average of $9.71. BGSF has a 1-year low of $8.85 and a 1-year high of $15.86.

BGSF (NYSE:BGSFGet Free Report) last issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. BGSF had a negative net margin of 2.99% and a positive return on equity of 10.08%. The business had revenue of $83.48 million during the quarter, compared to analysts’ expectations of $84.85 million. During the same period last year, the company posted $0.48 EPS. Analysts anticipate that BGSF will post 0.62 earnings per share for the current year.

Institutional Trading of BGSF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisor Group Holdings Inc. grew its stake in BGSF by 107.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,946 shares of the company’s stock worth $39,000 after acquiring an additional 1,524 shares during the period. Bank of America Corp DE grew its stake in BGSF by 20,372.7% in the 1st quarter. Bank of America Corp DE now owns 4,504 shares of the company’s stock worth $48,000 after acquiring an additional 4,482 shares during the period. Osaic Holdings Inc. grew its stake in BGSF by 87.5% in the 2nd quarter. Osaic Holdings Inc. now owns 9,815 shares of the company’s stock worth $94,000 after acquiring an additional 4,581 shares during the period. Stifel Financial Corp purchased a new stake in BGSF in the 1st quarter worth approximately $123,000. Finally, UBS Group AG grew its stake in BGSF by 3,816.9% in the 3rd quarter. UBS Group AG now owns 13,474 shares of the company’s stock worth $150,000 after acquiring an additional 13,130 shares during the period. 37.73% of the stock is owned by hedge funds and other institutional investors.

About BGSF

(Get Free Report)

BGSF, Inc, together with its subsidiaries, provides workforce solutions and placement services in the United States. It operates in two segments, Real Estate and Professional. The Real Estate segment offers office and maintenance field talent to various apartment communities and commercial buildings.

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Dividend History for BGSF (NYSE:BGSF)

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