Raymond James Financial Inc. Invests $478,000 in TrueBlue, Inc. (NYSE:TBI)

Raymond James Financial Inc. bought a new position in shares of TrueBlue, Inc. (NYSE:TBI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 56,868 shares of the business services provider's stock, valued at approximately $478,000. Raymond James Financial Inc. owned 0.19% of TrueBlue at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC acquired a new stake in TrueBlue in the 4th quarter valued at approximately $116,000. Empowered Funds LLC increased its stake in TrueBlue by 5.1% during the fourth quarter. Empowered Funds LLC now owns 172,069 shares of the business services provider's stock worth $1,445,000 after purchasing an additional 8,327 shares during the period. SG Americas Securities LLC acquired a new stake in shares of TrueBlue during the fourth quarter worth about $108,000. Barclays PLC boosted its stake in shares of TrueBlue by 95.7% in the third quarter. Barclays PLC now owns 67,353 shares of the business services provider's stock valued at $531,000 after purchasing an additional 32,940 shares during the period. Finally, Y Intercept Hong Kong Ltd grew its holdings in shares of TrueBlue by 97.1% in the third quarter. Y Intercept Hong Kong Ltd now owns 40,194 shares of the business services provider's stock valued at $317,000 after purchasing an additional 19,799 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company's stock.

TrueBlue Stock Down 4.4 %

Shares of TBI stock traded down $0.20 during trading hours on Friday, reaching $4.20. 394,776 shares of the stock were exchanged, compared to its average volume of 235,565. The business's fifty day moving average is $5.97 and its two-hundred day moving average is $7.14. The firm has a market capitalization of $124.63 million, a P/E ratio of -1.01, a P/E/G ratio of 3.01 and a beta of 1.42. TrueBlue, Inc. has a 12-month low of $3.95 and a 12-month high of $12.29. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.73 and a quick ratio of 1.85.

TrueBlue (NYSE:TBI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The business services provider reported ($0.02) earnings per share for the quarter, beating analysts' consensus estimates of ($0.16) by $0.14. The business had revenue of $385.95 million for the quarter, compared to analyst estimates of $385.04 million. TrueBlue had a negative net margin of 8.02% and a negative return on equity of 3.90%. As a group, research analysts expect that TrueBlue, Inc. will post 0.15 EPS for the current fiscal year.

Insider Transactions at TrueBlue

In related news, CEO Taryn R. Owen bought 12,735 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average cost of $5.94 per share, with a total value of $75,645.90. Following the transaction, the chief executive officer now directly owns 414,932 shares of the company's stock, valued at approximately $2,464,696.08. This represents a 3.17 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Carl Schweihs purchased 10,000 shares of TrueBlue stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average cost of $6.25 per share, with a total value of $62,500.00. Following the completion of the transaction, the chief financial officer now owns 166,551 shares of the company's stock, valued at $1,040,943.75. The trade was a 6.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 25,235 shares of company stock valued at $151,271. 4.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com upgraded TrueBlue from a "sell" rating to a "hold" rating in a research note on Sunday, March 2nd.

TrueBlue Profile

TrueBlue, Inc, together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, the United Kingdom, Australia, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The company PeopleReady segment provides general, industrial, and skilled trade contingent staffing services for construction, transportation, manufacturing, retail, hospitality, and renewable energy industries.