GSA Capital Partners LLP Sells 167,001 Shares of B&G Foods, Inc. $BGS

GSA Capital Partners LLP decreased its position in shares of B&G Foods, Inc. (NYSE:BGS) by 52.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 154,306 shares of the company’s stock after selling 167,001 shares during the period. GSA Capital Partners LLP owned about 0.19% of B&G Foods worth $684,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Savant Capital LLC grew its stake in B&G Foods by 10.3% in the third quarter. Savant Capital LLC now owns 29,913 shares of the company’s stock worth $133,000 after purchasing an additional 2,792 shares during the period. Hantz Financial Services Inc. grew its position in shares of B&G Foods by 602.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 14,991 shares of the company’s stock worth $66,000 after buying an additional 12,857 shares during the period. Cooper Haims Advisors LLC increased its stake in shares of B&G Foods by 31.6% in the 3rd quarter. Cooper Haims Advisors LLC now owns 102,771 shares of the company’s stock worth $455,000 after acquiring an additional 24,667 shares in the last quarter. Ballentine Partners LLC lifted its position in B&G Foods by 102.6% during the 3rd quarter. Ballentine Partners LLC now owns 106,662 shares of the company’s stock valued at $473,000 after acquiring an additional 54,023 shares during the period. Finally, Y Intercept Hong Kong Ltd boosted its stake in B&G Foods by 414.8% during the third quarter. Y Intercept Hong Kong Ltd now owns 216,332 shares of the company’s stock worth $958,000 after acquiring an additional 174,312 shares in the last quarter. Hedge funds and other institutional investors own 66.15% of the company’s stock.

Insider Buying and Selling at B&G Foods

In related news, Director Dennis M. Mullen sold 18,795 shares of the stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $4.50, for a total transaction of $84,577.50. Following the transaction, the director owned 83,956 shares in the company, valued at $377,802. This represents a 18.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

BGS has been the topic of a number of analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of B&G Foods in a research report on Monday, December 29th. TD Cowen boosted their target price on B&G Foods from $3.00 to $3.50 and gave the stock a “sell” rating in a report on Friday, January 16th. Four investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $4.38.

B&G Foods Trading Up 2.2%

Shares of NYSE:BGS opened at $5.27 on Monday. The company has a market cap of $421.09 million, a P/E ratio of -1.67 and a beta of 0.48. The company has a debt-to-equity ratio of 4.29, a current ratio of 3.20 and a quick ratio of 1.30. B&G Foods, Inc. has a 1 year low of $3.67 and a 1 year high of $8.06. The stock’s fifty day moving average price is $4.57 and its 200-day moving average price is $4.49.

B&G Foods Company Profile

B&G Foods, Inc is a packaged foods holding company that develops, markets and distributes a diversified portfolio of branded shelf-stable and frozen food products. Headquartered in Parsippany, New Jersey, the company serves retail and foodservice customers across the United States and Canada. Through its network of manufacturing facilities, third-party co-packers and distribution partners, B&G Foods supplies grocery chains, mass merchandisers, club stores and e-commerce platforms.

The company’s product portfolio spans multiple categories, including vegetables, beans, soups, sauces and condiments, snacks, cereals and refrigerated or frozen offerings.