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

StockNews.com assumed coverage on shares of BGSF (NYSE:BGSF) in a research report issued on Friday. The brokerage set a “buy” rating on the stock.

BGSF Stock Down 1.4 %

Shares of NYSE:BGSF opened at $8.85 on Friday. BGSF has a 52-week low of $8.81 and a 52-week high of $11.70. The company has a 50 day moving average of $9.72 and a two-hundred day moving average of $9.70. The company has a market capitalization of $96.72 million, a price-to-earnings ratio of -9.32 and a beta of 1.68.

BGSF (NYSE:BGSF) last released its quarterly earnings results on Wednesday, March 13th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. BGSF had a negative net margin of 3.26% and a positive return on equity of 9.40%. The business had revenue of $73.57 million during the quarter, compared to the consensus estimate of $75.05 million. On average, equities analysts anticipate that BGSF will post 0.82 earnings per share for the current year.

Institutional Investors Weigh In On BGSF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bridge City Capital LLC bought a new stake in shares of BGSF during the third quarter valued at about $118,000. Arete Wealth Advisors LLC acquired a new position in BGSF during the third quarter worth about $179,000. Strata Wealth Advisors LLC acquired a new position in BGSF during the third quarter worth about $253,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in BGSF by 28.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 31,835 shares of the company’s stock worth $306,000 after acquiring an additional 7,026 shares during the period. Finally, Perritt Capital Management Inc. grew its holdings in BGSF by 1.9% during the third quarter. Perritt Capital Management Inc. now owns 65,156 shares of the company’s stock worth $626,000 after acquiring an additional 1,200 shares during the period. 37.19% of the stock is currently owned by institutional investors.

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.