BGSF, Inc. (NYSE:BGSF) Stock Position Cut by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC trimmed its stake in shares of BGSF, Inc. (NYSE:BGSF) by 14.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 45,350 shares of the company’s stock after selling 7,530 shares during the period. Clear Harbor Asset Management LLC’s holdings in BGSF were worth $238,000 at the end of the most recent reporting period.

Separately, Cornerstone Wealth Group LLC acquired a new position in BGSF during the third quarter worth about $131,000. 37.19% of the stock is currently owned by institutional investors.

BGSF Stock Up 1.0 %

BGSF stock opened at $5.13 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 firm has a market cap of $56.53 million, a PE ratio of -51.29 and a beta of 1.55. BGSF, Inc. has a 12 month low of $5.05 and a 12 month high of $10.74. The firm has a 50 day simple moving average of $5.65 and a 200 day simple moving average of $7.20.

BGSF (NYSE:BGSF) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.18). The company had revenue of $71.19 million for the quarter, compared to the consensus estimate of $75.00 million. BGSF had a positive return on equity of 0.19% and a negative net margin of 0.48%. During the same period in the prior year, the business earned $0.36 earnings per share. Equities research analysts forecast that BGSF, Inc. will post -0.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of BGSF in a report on Sunday. They issued a “hold” rating for the company.

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.