BGSF, Inc. (NYSE:BGSF) Sees Significant Drop in Short Interest

BGSF, Inc. (NYSE:BGSF - Get Free Report) saw a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 25,600 shares, a decrease of 12.3% from the November 15th total of 29,200 shares. Based on an average daily volume of 21,800 shares, the short-interest ratio is presently 1.2 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Investors Weigh In On BGSF

A number of hedge funds and other institutional investors have recently bought and sold shares of BGSF. Tieton Capital Management LLC grew its holdings in shares of BGSF by 15.9% during the second quarter. Tieton Capital Management LLC now owns 500,095 shares of the company's stock worth $4,276,000 after purchasing an additional 68,635 shares during the last quarter. King Luther Capital Management Corp lifted its position in BGSF by 500.0% during the 2nd quarter. King Luther Capital Management Corp now owns 360,201 shares of the company's stock worth $3,080,000 after buying an additional 300,163 shares in the last quarter. Cornerstone Wealth Group LLC bought a new stake in BGSF during the 3rd quarter worth about $131,000. Finally, Geode Capital Management LLC increased its position in BGSF by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 96,845 shares of the company's stock valued at $816,000 after acquiring an additional 3,092 shares in the last quarter. 37.19% of the stock is owned by institutional investors and hedge funds.

BGSF Price Performance

Shares of NYSE:BGSF traded up $0.12 on Friday, hitting $6.10. The stock had a trading volume of 13,980 shares, compared to its average volume of 25,912. The firm's 50 day moving average price is $7.00 and its 200-day moving average price is $7.59. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.75 and a current ratio of 1.75. BGSF has a twelve month low of $5.20 and a twelve month high of $10.74. The company has a market capitalization of $67.25 million, a price-to-earnings ratio of -61.00 and a beta of 1.55.

BGSF (NYSE:BGSF - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.18). BGSF had a negative net margin of 0.48% and a positive return on equity of 0.19%. The firm had revenue of $71.19 million during the quarter, compared to analyst estimates of $75.00 million. During the same quarter last year, the firm earned $0.36 earnings per share. On average, equities research analysts predict that BGSF will post -0.3 earnings per share for the current year.

About BGSF

BGSF, Inc, together with its subsidiaries, provides consulting, managed services, and professional workforce solutions in the United States. It operates in two segments, Property Management and Professional. The Property Management segment offers office and maintenance field talent to various apartment communities and commercial buildings.