BGSF, Inc. (NYSE:BGSF) Declares Quarterly Dividend of $0.15

BGSF, Inc. (NYSE:BGSF – Get Rating) announced a quarterly dividend on Wednesday, April 27th, Zacks reports. Stockholders of record on Tuesday, May 17th will be given a dividend of 0.15 per share on Tuesday, May 24th. This represents a $0.60 annualized dividend and a dividend yield of 4.64%. The ex-dividend date is Monday, May 16th.

BGSF opened at $12.93 on Friday. BGSF has a twelve month low of $11.45 and a twelve month high of $15.65. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.47. The company has a fifty day moving average of $13.08 and a 200-day moving average of $13.56. The stock has a market cap of $134.80 million, a PE ratio of 9.58, a price-to-earnings-growth ratio of 0.48 and a beta of 2.30.

BGSF (NYSE:BGSF – Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.11. BGSF had a net margin of 4.93% and a return on equity of 17.73%. During the same quarter in the previous year, the firm earned $0.16 earnings per share. Sell-side analysts anticipate that BGSF will post 1.27 EPS for the current fiscal year.

A number of research firms have commented on BGSF. StockNews.com began coverage on shares of BGSF in a report on Wednesday. They issued a “buy” rating for the company. Zacks Investment Research cut shares of BGSF from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 15th.

Several institutional investors have recently added to or reduced their stakes in BGSF. Susquehanna International Group LLP bought a new position in shares of BGSF in the fourth quarter valued at $244,000. Morgan Stanley lifted its stake in shares of BGSF by 10.5% in the second quarter. Morgan Stanley now owns 147,890 shares of the company’s stock valued at $1,825,000 after buying an additional 14,009 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new position in shares of BGSF in the fourth quarter valued at $181,000. JPMorgan Chase & Co. lifted its stake in shares of BGSF by 1,624.5% in the fourth quarter. JPMorgan Chase & Co. now owns 6,622 shares of the company’s stock valued at $95,000 after buying an additional 6,238 shares in the last quarter. Finally, Citadel Advisors LLC lifted its stake in shares of BGSF by 15.4% in the third quarter. Citadel Advisors LLC now owns 20,154 shares of the company’s stock valued at $257,000 after buying an additional 2,695 shares in the last quarter. 43.33% of the stock is currently owned by hedge funds and other institutional investors.

About BGSF (Get Rating)

BGSF, Inc provides workforce solutions and placement services in the United States. It operates in two segments, Real Estate and Professional. The Real Estate segment offers office and maintenance field talent to various apartment communities and commercial buildings. The Professional segment provides skilled IT professionals with expertise in SAP, Workday, Peoplesoft, Hyperion, Oracle, One Stream, cyber, project management, and other IT workforce solutions, as well as finance, accounting, legal, human resource, and related support personnel.

Further Reading