GSA Capital Partners LLP Purchases 101,589 Shares of TrueBlue, Inc. (NYSE:TBI)

GSA Capital Partners LLP grew its holdings in shares of TrueBlue, Inc. (NYSE:TBI - Free Report) by 85.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 220,892 shares of the business services provider's stock after buying an additional 101,589 shares during the quarter. GSA Capital Partners LLP owned 0.72% of TrueBlue worth $1,743,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. nVerses Capital LLC acquired a new position in shares of TrueBlue in the 2nd quarter valued at $35,000. State Board of Administration of Florida Retirement System acquired a new stake in TrueBlue in the first quarter valued at approximately $192,000. Algert Global LLC acquired a new position in shares of TrueBlue during the 2nd quarter worth approximately $208,000. XTX Topco Ltd lifted its position in shares of TrueBlue by 19.4% during the 2nd quarter. XTX Topco Ltd now owns 22,725 shares of the business services provider's stock valued at $234,000 after buying an additional 3,689 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new position in TrueBlue during the first quarter worth $376,000. 97.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. BMO Capital Markets reduced their price target on shares of TrueBlue from $11.00 to $10.00 and set an "outperform" rating for the company in a research report on Tuesday, November 5th. StockNews.com cut TrueBlue from a "hold" rating to a "sell" rating in a report on Tuesday, August 6th.

TrueBlue Price Performance

TBI stock traded down $0.15 during trading on Wednesday, reaching $7.19. 216,653 shares of the stock traded hands, compared to its average volume of 316,766. The business's 50 day moving average price is $7.61 and its 200-day moving average price is $9.21. TrueBlue, Inc. has a 52-week low of $6.97 and a 52-week high of $16.14.

TrueBlue (NYSE:TBI - Get Free Report) last issued its earnings results on Monday, November 4th. The business services provider reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.04. TrueBlue had a negative return on equity of 2.69% and a negative net margin of 6.97%. The company had revenue of $382.36 million for the quarter, compared to analyst estimates of $386.07 million. During the same period in the prior year, the firm posted $0.16 EPS. The business's revenue was down 19.2% compared to the same quarter last year. As a group, research analysts predict that TrueBlue, Inc. will post -0.56 EPS for the current year.

About TrueBlue

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.