BGSF, Inc. (NYSE:BGSF) Short Interest Update

BGSF, Inc. (NYSE:BGSF) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 32,800 shares, a growth of 35.5% from the February 13th total of 24,200 shares. Based on an average daily trading volume, of 18,300 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.3% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, StockNews.com started coverage on BGSF in a research note on Sunday. They set a “hold” rating for the company.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BGSF. Tower Research Capital LLC TRC acquired a new position in BGSF during the fourth quarter worth $29,000. Millennium Management LLC acquired a new position in BGSF during the fourth quarter worth $60,000. Allworth Financial LP acquired a new position in BGSF during the fourth quarter worth $101,000. Northern Trust Corp grew its holdings in 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 acquiring an additional 11,483 shares during the period. Finally, Perritt Capital Management Inc grew its holdings in BGSF by 42.8% during the fourth quarter. Perritt Capital Management Inc now owns 47,089 shares of the company’s stock worth $247,000 after acquiring an additional 14,113 shares during the period. Institutional investors and hedge funds own 37.19% of the company’s stock.

BGSF Stock Performance

Shares of NYSE:BGSF traded up $0.09 during trading on Tuesday, reaching $3.61. The company had a trading volume of 446 shares, compared to its average volume of 13,116. The firm has a market capitalization of $39.80 million, a price-to-earnings ratio of -36.10 and a beta of 1.51. 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 stock’s fifty day moving average price is $4.93 and its 200 day moving average price is $6.26. BGSF has a fifty-two week low of $3.34 and a fifty-two week high of $10.49.

BGSF (NYSE:BGSF) last released its earnings results on Wednesday, March 12th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). BGSF had a negative net margin of 0.48% and a positive return on equity of 0.19%. The company had revenue of $64.41 million during the quarter, compared to analyst estimates of $67.65 million. As a group, equities research analysts predict that BGSF will post -0.3 EPS for the current year.

About BGSF

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.