BGSF (NYSE:BGSF – Get Free Report) posted its earnings results on Wednesday. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.22), FiscalAI reports. BGSF had a negative return on equity of 18.91% and a negative net margin of 11.98%.The business had revenue of $22.31 million for the quarter, compared to the consensus estimate of $24.50 million.
BGSF Price Performance
Shares of BGSF stock traded up $0.04 on Wednesday, hitting $5.62. The stock had a trading volume of 8,748 shares, compared to its average volume of 9,071. The business has a 50 day moving average of $5.47 and a 200 day moving average of $5.72. BGSF has a 12-month low of $3.25 and a 12-month high of $8.22. The stock has a market cap of $60.25 million, a price-to-earnings ratio of -5.62 and a beta of 0.46.
Institutional Investors Weigh In On BGSF
A number of institutional investors have recently added to or reduced their stakes in BGSF. Empowered Funds LLC lifted its position in shares of BGSF by 14.2% during the 4th quarter. Empowered Funds LLC now owns 34,350 shares of the company’s stock worth $159,000 after buying an additional 4,262 shares in the last quarter. Bridgeway Capital Management LLC lifted its holdings in BGSF by 4.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 95,550 shares of the company’s stock valued at $442,000 after purchasing an additional 4,262 shares during the last quarter. Jane Street Group LLC raised its position in shares of BGSF by 183.6% in the fourth quarter. Jane Street Group LLC now owns 38,287 shares of the company’s stock valued at $177,000 after purchasing an additional 24,787 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in BGSF by 89.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 45,484 shares of the company’s stock worth $211,000 after buying an additional 21,503 shares during the period. Finally, Vise Technologies Inc. purchased a new position in BGSF in the 4th quarter valued at approximately $122,000. 37.19% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Read Our Latest Report on BGSF
About BGSF
BGSF, Inc (NYSE:BGSF) is a provider of comprehensive workforce management and professional staffing services. The company specializes in designing and administering programs that help organizations optimize their contingent labor, direct hire recruiting and managed service solutions. Through an integrated approach, BGSF delivers end-to-end support that encompasses the planning, deployment and oversight of talent across multiple business functions.
BGSF’s service offerings include strategic workforce planning, vendor management, compliance and risk management, onboarding, timekeeping and payroll administration.
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