Shares of BGSF, Inc. (NYSE:BGSF – Get Free Report) fell 1% during trading on Monday. The company traded as low as $4.91 and last traded at $4.95. 4,208 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 9,458 shares. The stock had previously closed at $5.00.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BGSF in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.
Check Out Our Latest Research Report on BGSF
BGSF Stock Down 1.0%
BGSF (NYSE:BGSF – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.28). BGSF had a negative net margin of 8.99% and a negative return on equity of 13.69%. The business had revenue of $22.31 million during the quarter, compared to analysts’ expectations of $24.50 million.
Institutional Investors Weigh In On BGSF
Hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC bought a new position in shares of BGSF in the 2nd quarter worth $231,000. Clear Harbor Asset Management LLC bought a new stake in shares of BGSF during the 2nd quarter worth $297,000. Allworth Financial LP bought a new stake in shares of BGSF during the 2nd quarter worth $225,000. Oxford Financial Group LTD. LLC purchased a new position in BGSF in the second quarter worth $288,000. Finally, Tieton Capital Management LLC bought a new position in shares of BGSF during the 2nd quarter valued at about $3,617,000. 37.19% of the stock is currently owned by institutional investors.
BGSF Company Profile
BGSF, Inc (NYSE: BGSF) is a provider of workforce solutions and professional services in the United States. The company helps businesses address staffing and operational needs through temporary, contract, contract-to-hire and direct-hire placement services, as well as consulting and managed services.
BGSF serves several specialized markets, including information technology, finance and accounting, and property management. Its offerings include technology staffing and consulting, finance and accounting professionals, and personnel supporting the operations of multifamily housing and other real estate properties.
The company was formerly known as BG Staffing, Inc and adopted the BGSF name as part of its broader brand and service strategy.
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