BGSF (NYSE:BGSF) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of BGSF (NYSE:BGSF) in a report published on Thursday morning. The brokerage issued a hold rating on the stock.

BGSF Stock Performance

BGSF opened at $4.95 on Thursday. The company has a market cap of $54.51 million, a P/E ratio of -49.45 and a beta of 1.55. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.50. The firm’s 50-day moving average price is $5.42 and its 200-day moving average price is $6.73. BGSF has a 52-week low of $4.70 and a 52-week high of $10.49.

Institutional Investors Weigh In On BGSF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC raised its stake in shares of BGSF by 3.3% in the third quarter. Geode Capital Management LLC now owns 96,845 shares of the company’s stock worth $816,000 after purchasing an additional 3,092 shares during the last quarter. Cornerstone Wealth Group LLC acquired a new stake in shares of BGSF in the third quarter worth $131,000. Millennium Management LLC purchased a new position in shares of BGSF during the fourth quarter worth $60,000. Northern Trust Corp lifted its position in BGSF by 43.8% during the fourth quarter. Northern Trust Corp now owns 37,675 shares of the company’s stock valued at $197,000 after purchasing an additional 11,483 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in BGSF by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 316,105 shares of the company’s stock valued at $1,657,000 after purchasing an additional 7,592 shares during the last quarter. 37.19% of the stock is currently owned by institutional investors and hedge funds.

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.