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

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

Separately, Roth Mkm lowered their target price on shares of BGSF from $12.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th.

BGSF Price Performance

Shares of BGSF opened at $3.36 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.75 and a quick ratio of 1.75. BGSF has a 1-year low of $3.32 and a 1-year high of $10.50. The stock has a market cap of $37.22 million, a PE ratio of -33.60 and a beta of 1.51. The firm has a fifty day moving average price of $4.72 and a 200 day moving average price of $6.08.

BGSF (NYSE:BGSF) last posted its earnings results on Wednesday, March 12th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The firm had revenue of $64.41 million during 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, sell-side analysts anticipate that BGSF will post -0.3 EPS for the current year.

Institutional Investors Weigh In On BGSF

Hedge funds have recently made changes to their positions in the business. Millennium Management LLC purchased a new stake in BGSF during the 4th quarter valued at approximately $60,000. Northern Trust Corp raised its stake 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 last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of BGSF during the fourth quarter worth $29,000. Dimensional Fund Advisors LP grew its position in BGSF by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 316,105 shares of the company’s stock valued at $1,657,000 after buying an additional 7,592 shares during the last quarter. Finally, Perritt Capital Management Inc grew its position in 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 last quarter. Institutional investors and hedge funds 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.