Proficio Capital Partners LLC Takes $978,000 Position in TrueBlue, Inc. (NYSE:TBI)

Proficio Capital Partners LLC bought a new stake in TrueBlue, Inc. (NYSE:TBI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 116,449 shares of the business services provider's stock, valued at approximately $978,000. Proficio Capital Partners LLC owned approximately 0.39% of TrueBlue as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Royce & Associates LP increased its holdings in shares of TrueBlue by 28.5% in the 3rd quarter. Royce & Associates LP now owns 1,082,085 shares of the business services provider's stock valued at $8,538,000 after purchasing an additional 239,740 shares during the period. BNP Paribas Financial Markets lifted its position in TrueBlue by 230.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 46,687 shares of the business services provider's stock worth $368,000 after buying an additional 32,542 shares in the last quarter. Barclays PLC boosted its stake in shares of TrueBlue by 95.7% during the 3rd quarter. Barclays PLC now owns 67,353 shares of the business services provider's stock valued at $531,000 after buying an additional 32,940 shares during the period. State Street Corp increased its stake in shares of TrueBlue by 0.3% in the third quarter. State Street Corp now owns 665,901 shares of the business services provider's stock worth $5,254,000 after acquiring an additional 1,968 shares during the last quarter. Finally, Walleye Capital LLC acquired a new stake in shares of TrueBlue during the 3rd quarter valued at about $227,000. Hedge funds and other institutional investors own 97.15% of the company's stock.

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TrueBlue Stock Performance

Shares of TrueBlue stock traded down $0.16 on Tuesday, reaching $5.31. The stock had a trading volume of 212,446 shares, compared to its average volume of 265,778. TrueBlue, Inc. has a fifty-two week low of $4.59 and a fifty-two week high of $12.66. The business's 50-day moving average price is $7.30 and its two-hundred day moving average price is $7.59. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.85 and a current ratio of 1.73. The stock has a market cap of $157.72 million, a P/E ratio of -1.28, a price-to-earnings-growth ratio of 3.01 and a beta of 1.35.

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

Wall Street Analysts Forecast Growth

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

Insider Transactions at TrueBlue

In other TrueBlue news, CEO Taryn R. Owen acquired 12,735 shares of the company'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 purchase, the chief executive officer now owns 414,932 shares in the company, valued at $2,464,696.08. This represents a 3.17 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Carl Schweihs acquired 10,000 shares of TrueBlue stock in a transaction dated Monday, February 24th. The shares were acquired at an average cost of $6.25 per share, with a total value of $62,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 166,551 shares in the company, valued at $1,040,943.75. This trade represents a 6.39 % increase in their position. The disclosure for this purchase can be found here. Insiders own 4.00% of the company's stock.

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.