Advantage Alpha Capital Partners LP Buys Shares of 235,727 TrueBlue, Inc. (NYSE:TBI)

Advantage Alpha Capital Partners LP acquired a new position in shares of TrueBlue, Inc. (NYSE:TBI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 235,727 shares of the business services provider's stock, valued at approximately $1,980,000. Advantage Alpha Capital Partners LP owned 0.80% of TrueBlue as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of TBI. Quantbot Technologies LP bought a new stake in shares of TrueBlue in the 3rd quarter worth about $79,000. SG Americas Securities LLC bought a new position in shares of TrueBlue during the fourth quarter valued at approximately $108,000. Proficio Capital Partners LLC purchased a new stake in shares of TrueBlue in the fourth quarter worth approximately $116,000. Quantinno Capital Management LP bought a new stake in shares of TrueBlue during the 3rd quarter worth approximately $149,000. Finally, Walleye Capital LLC purchased a new position in TrueBlue during the 3rd quarter valued at $227,000. Institutional investors own 97.15% of the company's stock.

Wall Street Analysts Forecast Growth

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

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Insider Activity

In related news, CFO Carl Schweihs bought 10,000 shares of the company's stock in a transaction on Monday, February 24th. The shares were acquired at an average price of $6.25 per share, with a total value of $62,500.00. Following 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Taryn R. Owen purchased 12,735 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of $5.94 per share, for a total transaction of $75,645.90. Following the completion of the acquisition, the chief executive officer now directly owns 414,932 shares in the company, valued at approximately $2,464,696.08. This trade represents a 3.17 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 25,235 shares of company stock worth $151,271. Corporate insiders own 4.00% of the company's stock.

TrueBlue Trading Down 4.2 %

Shares of TrueBlue stock traded down $0.25 on Friday, hitting $5.59. 211,307 shares of the company traded hands, compared to its average volume of 234,373. The company has a current ratio of 1.73, a quick ratio of 1.85 and a debt-to-equity ratio of 0.02. The company has a market cap of $165.92 million, a PE ratio of -1.34, a PEG ratio of 3.01 and a beta of 1.35. The stock's 50 day moving average price is $6.71 and its 200-day moving average price is $7.38. TrueBlue, Inc. has a 52 week low of $5.19 and a 52 week high of $12.52.

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

TrueBlue Company 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.