StockNews.com Begins Coverage on BGSF (NYSE:BGSF)

StockNews.com initiated coverage on shares of BGSF (NYSE:BGSF) in a note issued to investors on Friday. The brokerage set a “buy” rating on the stock.

BGSF Stock Down 1.4 %

Shares of BGSF stock opened at $8.85 on Friday. The company has a market cap of $96.72 million, a PE ratio of -9.32 and a beta of 1.68. The business has a 50 day moving average price of $9.72 and a 200-day moving average price of $9.70. BGSF has a 52 week low of $8.81 and a 52 week high of $11.70.

BGSF (NYSE:BGSF) last issued its quarterly earnings results on Wednesday, March 13th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. The company had revenue of $73.57 million during the quarter, compared to the consensus estimate of $75.05 million. BGSF had a positive return on equity of 9.40% and a negative net margin of 3.26%. As a group, research analysts anticipate that BGSF will post 0.82 EPS for the current year.

Hedge Funds Weigh In On BGSF

Institutional investors and hedge funds have recently bought and sold shares of the company. Bridge City Capital LLC bought a new position in shares of BGSF in the third quarter worth $118,000. Arete Wealth Advisors LLC bought a new position in shares of BGSF in the third quarter worth $179,000. Strata Wealth Advisors LLC bought a new position in shares of BGSF in the third quarter worth $253,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of BGSF by 28.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 31,835 shares of the company’s stock worth $306,000 after acquiring an additional 7,026 shares during the period. Finally, Perritt Capital Management Inc. boosted its holdings in shares of BGSF by 1.9% in the third quarter. Perritt Capital Management Inc. now owns 65,156 shares of the company’s stock worth $626,000 after acquiring an additional 1,200 shares during the period. 37.19% of the stock is owned by institutional investors.

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.