Millennium Management LLC Purchases Shares of 11,377 BGSF, Inc. (NYSE:BGSF)

Millennium Management LLC purchased a new stake in BGSF, Inc. (NYSE:BGSF) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 11,377 shares of the company’s stock, valued at approximately $60,000. Millennium Management LLC owned about 0.10% of BGSF at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Tieton Capital Management LLC raised its position in shares of BGSF by 24.7% in the fourth quarter. Tieton Capital Management LLC now owns 623,250 shares of the company’s stock valued at $3,266,000 after purchasing an additional 123,410 shares during the period. Pacific Ridge Capital Partners LLC raised its position in shares of BGSF by 33.2% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 424,424 shares of the company’s stock valued at $2,224,000 after purchasing an additional 105,699 shares during the period. Dimensional Fund Advisors LP raised its position in shares of 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 period. Perritt Capital Management Inc raised its position in shares of BGSF by 42.8% in the fourth quarter. Perritt Capital Management Inc now owns 47,089 shares of the company’s stock valued at $247,000 after purchasing an additional 14,113 shares during the period. Finally, Northern Trust Corp raised its position in shares of BGSF by 43.8% in 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. 37.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BGSF has been the topic of a number of recent research reports. Wall Street Zen initiated coverage on shares of BGSF in a research report on Monday, May 19th. They set a “hold” rating on the stock. Roth Mkm lowered their price target on shares of BGSF from $12.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th. Finally, Roth Capital set a $9.00 price target on shares of BGSF in a research report on Thursday, March 20th.

BGSF Price Performance

NYSE:BGSF opened at $4.09 on Friday. BGSF, Inc. has a 52 week low of $2.91 and a 52 week high of $9.22. The firm has a market cap of $45.44 million, a price-to-earnings ratio of -40.90 and a beta of 1.02. The firm’s 50-day simple moving average is $3.76 and its 200 day simple moving average is $4.55. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.75 and a current ratio of 1.75.

BGSF (NYSE:BGSF) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.11. The firm had revenue of $63.23 million for the quarter, compared to the consensus estimate of $62.00 million. BGSF had a negative net margin of 0.48% and a positive return on equity of 0.19%. As a group, sell-side analysts predict that BGSF, Inc. will post -0.3 earnings per share for the current year.

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.