BGSF (NYSE:BGSF) Downgraded by StockNews.com

StockNews.com cut shares of BGSF (NYSE:BGSF) from a buy rating to a hold rating in a report issued on Friday morning.

BGSF Stock Down 0.1 %

Shares of BGSF stock opened at $7.16 on Friday. The business has a 50-day moving average price of $7.87 and a 200 day moving average price of $9.16. BGSF has a fifty-two week low of $6.40 and a fifty-two week high of $11.70. The firm has a market cap of $78.33 million, a P/E ratio of 13.77 and a beta of 1.59. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.60.

BGSF (NYSE:BGSF) last issued its earnings results on Wednesday, May 8th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.11. BGSF had a return on equity of 9.74% and a net margin of 1.78%. The firm had revenue of $68.77 million for the quarter, compared to analyst estimates of $69.50 million. On average, sell-side analysts forecast that BGSF will post 0.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO John R. Barnett bought 6,000 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were purchased at an average price of $6.76 per share, for a total transaction of $40,560.00. Following the acquisition, the chief financial officer now directly owns 12,375 shares of the company’s stock, valued at approximately $83,655. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders purchased a total of 12,009 shares of company stock worth $80,723 in the last quarter. 7.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BGSF

Several large investors have recently made changes to their positions in the company. Perritt Capital Management Inc. raised its stake in shares of 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 buying an additional 1,200 shares during the last quarter. Bridge City Capital LLC raised its position in shares of BGSF by 17.9% during the 1st quarter. Bridge City Capital LLC now owns 40,576 shares of the company’s stock valued at $422,000 after acquiring an additional 6,160 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of BGSF by 28.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 31,835 shares of the company’s stock valued at $306,000 after purchasing an additional 7,026 shares during the period. North Star Investment Management Corp. lifted its stake in shares of BGSF by 1.3% in the 1st quarter. North Star Investment Management Corp. now owns 735,073 shares of the company’s stock valued at $7,652,000 after purchasing an additional 9,500 shares during the period. Finally, SpiderRock Advisors LLC bought a new position in shares of BGSF in the 1st quarter worth $114,000. Institutional investors own 37.19% of the company’s stock.

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.