LSV Asset Management Sells 24,753 Shares of BGSF, Inc. (NYSE:BGSF)

LSV Asset Management lessened its stake in shares of BGSF, Inc. (NYSE:BGSF) by 16.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 127,447 shares of the company’s stock after selling 24,753 shares during the quarter. LSV Asset Management owned about 1.17% of BGSF worth $1,198,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Perritt Capital Management Inc. lifted its position in shares of BGSF by 1.9% during the 3rd quarter. Perritt Capital Management Inc. now owns 65,156 shares of the company’s stock worth $626,000 after purchasing an additional 1,200 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position 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. Bridge City Capital LLC acquired a new position in BGSF during the 3rd quarter valued at $118,000. Arete Wealth Advisors LLC bought a new stake in BGSF in the 3rd quarter valued at $179,000. Finally, North Star Investment Management Corp. grew its position in BGSF by 5.9% in the 4th quarter. North Star Investment Management Corp. now owns 725,573 shares of the company’s stock worth $6,820,000 after purchasing an additional 40,290 shares during the last quarter. Institutional investors and hedge funds own 37.19% of the company’s stock.

BGSF Trading Down 15.7 %

BGSF opened at $7.70 on Friday. The stock has a market cap of $84.15 million, a PE ratio of -8.11 and a beta of 1.71. BGSF, Inc. has a 1 year low of $6.65 and a 1 year high of $11.70. The stock’s 50 day simple moving average is $9.50 and its 200-day simple moving average is $9.66.

BGSF (NYSE:BGSF) last announced its quarterly earnings data on Wednesday, March 13th. The company reported $0.11 earnings per share (EPS) for the quarter, beating 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 company had revenue of $73.57 million during the quarter, compared to analysts’ expectations of $75.05 million. Equities analysts forecast that BGSF, Inc. will post 0.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on BGSF in a research report on Saturday, May 4th. They set a “buy” rating on the stock.

BGSF 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.