TrueBlue, Inc. (NYSE:TBI) CFO Carl Schweihs Buys 2,500 Shares

TrueBlue, Inc. (NYSE:TBI - Get Free Report) CFO Carl Schweihs bought 2,500 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of $5.25 per share, for a total transaction of $13,125.00. Following the completion of the transaction, the chief financial officer now owns 169,051 shares in the company, valued at $887,517.75. This trade represents a 1.50 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Carl Schweihs also recently made the following trade(s):

• On Monday, February 24th, Carl Schweihs bought 10,000 shares of TrueBlue stock. The shares were acquired at an average price of $6.25 per share, for a total transaction of $62,500.00.

TrueBlue Stock Up 0.2 %

NYSE TBI traded up $0.01 during mid-day trading on Monday, hitting $5.84. The company's stock had a trading volume of 48,442 shares, compared to its average volume of 231,828. The company's 50 day simple moving average is $7.09 and its 200 day simple moving average is $7.51. TrueBlue, Inc. has a twelve month low of $5.00 and a twelve month high of $12.66. 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 firm has a market capitalization of $173.61 million, a price-to-earnings ratio of -1.40, a PEG ratio of 3.01 and a beta of 1.35.

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

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Institutional Investors Weigh In On TrueBlue

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TBI. Pzena Investment Management LLC increased its position in shares of TrueBlue by 0.3% during the fourth quarter. Pzena Investment Management LLC now owns 2,788,628 shares of the business services provider's stock valued at $23,424,000 after buying an additional 8,511 shares during the period. Invesco Ltd. increased its position in shares of TrueBlue by 1.4% during the fourth quarter. Invesco Ltd. now owns 2,032,941 shares of the business services provider's stock valued at $17,077,000 after buying an additional 27,515 shares during the period. FMR LLC increased its position in shares of TrueBlue by 10.0% during the third quarter. FMR LLC now owns 1,742,474 shares of the business services provider's stock valued at $13,748,000 after buying an additional 158,967 shares during the period. Royce & Associates LP increased its position in shares of TrueBlue by 40.8% during the fourth quarter. Royce & Associates LP now owns 1,523,193 shares of the business services provider's stock valued at $12,795,000 after buying an additional 441,108 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of TrueBlue by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 678,393 shares of the business services provider's stock valued at $5,700,000 after buying an additional 4,499 shares during the period. 97.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.