BGSF (NYSE:BGSF) Lifted to B at TheStreet

TheStreet upgraded shares of BGSF (NYSE:BGSFGet Rating) from a c+ rating to a b rating in a research note issued to investors on Monday, TheStreetRatingsTable reports.

Separately, StockNews.com assumed coverage on BGSF in a report on Wednesday, October 12th. They set a hold rating for the company.

BGSF Stock Performance

NYSE:BGSF opened at $13.42 on Monday. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.28. BGSF has a 12-month low of $10.30 and a 12-month high of $15.10. The stock has a 50-day moving average price of $12.08 and a 200 day moving average price of $12.34. The stock has a market capitalization of $140.91 million, a P/E ratio of 4.93, a P/E/G ratio of 0.56 and a beta of 1.89.

BGSF (NYSE:BGSFGet Rating) last released its earnings results on Wednesday, November 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.13. BGSF had a return on equity of 17.17% and a net margin of 10.01%. The firm had revenue of $78.51 million during the quarter, compared to analysts’ expectations of $74.66 million. Equities research analysts forecast that BGSF will post 1.21 EPS for the current fiscal year.

BGSF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 21st. Shareholders of record on Monday, November 14th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.47%. The ex-dividend date of this dividend was Thursday, November 10th. BGSF’s dividend payout ratio is presently 22.06%.

Hedge Funds Weigh In On BGSF

Several institutional investors have recently added to or reduced their stakes in BGSF. Advisor Group Holdings Inc. lifted its stake in shares of BGSF by 107.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,946 shares of the company’s stock valued at $39,000 after purchasing an additional 1,524 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of BGSF in the 3rd quarter valued at approximately $82,000. UBS Group AG lifted its stake in shares of BGSF by 3,816.9% in the 3rd quarter. UBS Group AG now owns 13,474 shares of the company’s stock valued at $150,000 after purchasing an additional 13,130 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of BGSF by 7.3% in the 3rd quarter. Royal Bank of Canada now owns 15,873 shares of the company’s stock valued at $177,000 after purchasing an additional 1,073 shares during the last quarter. Finally, Mariner LLC bought a new stake in shares of BGSF in the 1st quarter valued at approximately $236,000. Hedge funds and other institutional investors own 40.46% of the company’s stock.

BGSF Company Profile

(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.

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