BGSF (NYSE:BGSF) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of BGSF (NYSE:BGSF) in a research note published on Saturday. The brokerage issued a hold rating on the stock.

BGSF Trading Down 4.6 %

Shares of NYSE BGSF opened at $4.22 on Friday. BGSF has a twelve month low of $4.15 and a twelve month high of $10.50. The firm has a market cap of $46.47 million, a PE ratio of -42.15 and a beta of 1.51. The business has a fifty day simple moving average of $5.12 and a two-hundred day simple moving average of $6.41. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.50.

Institutional Trading of BGSF

A number of hedge funds have recently added to or reduced their stakes in BGSF. Tieton Capital Management LLC lifted its position in shares of BGSF by 24.7% in the 4th quarter. Tieton Capital Management LLC now owns 623,250 shares of the company’s stock worth $3,266,000 after purchasing an additional 123,410 shares during the period. Pacific Ridge Capital Partners LLC lifted its holdings in BGSF by 33.2% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 424,424 shares of the company’s stock worth $2,224,000 after buying an additional 105,699 shares during the period. Allworth Financial LP bought a new stake in BGSF during the 4th quarter valued at $101,000. Perritt Capital Management Inc increased its holdings in shares of 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 acquiring an additional 14,113 shares during the period. Finally, Northern Trust Corp raised its position in shares of BGSF by 43.8% in the 4th quarter. Northern Trust Corp now owns 37,675 shares of the company’s stock worth $197,000 after acquiring an additional 11,483 shares in the last quarter. 37.19% of the stock is owned by hedge funds and other 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.