Royce & Associates LP Has $12.80 Million Stock Position in TrueBlue, Inc. (NYSE:TBI)

Royce & Associates LP boosted its holdings in shares of TrueBlue, Inc. (NYSE:TBI - Free Report) by 40.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,523,193 shares of the business services provider's stock after acquiring an additional 441,108 shares during the quarter. Royce & Associates LP owned 5.15% of TrueBlue worth $12,795,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of TBI. Quantbot Technologies LP acquired a new position in shares of TrueBlue in the third quarter worth $79,000. SG Americas Securities LLC acquired a new position in TrueBlue in the 4th quarter worth about $108,000. Proficio Capital Partners LLC purchased a new stake in shares of TrueBlue during the 4th quarter worth about $116,000. Quantinno Capital Management LP acquired a new stake in shares of TrueBlue during the 3rd quarter valued at about $149,000. Finally, Walleye Capital LLC bought a new stake in shares of TrueBlue in the 3rd quarter valued at approximately $227,000. Hedge funds and other institutional investors own 97.15% of the company's stock.

Insiders Place Their Bets

In other TrueBlue news, CFO Carl Schweihs purchased 10,000 shares of the company's stock in a transaction on Monday, February 24th. The shares were bought at an average cost of $6.25 per share, with a total value of $62,500.00. Following the transaction, the chief financial officer now directly owns 166,551 shares in the company, valued at approximately $1,040,943.75. This represents a 6.39 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Taryn R. Owen acquired 12,735 shares of TrueBlue stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average cost of $5.94 per share, with a total value of $75,645.90. Following the completion of the transaction, the chief executive officer now directly owns 414,932 shares of the company's stock, valued at $2,464,696.08. This trade represents a 3.17 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 25,235 shares of company stock valued at $151,271 in the last quarter. Insiders own 4.00% of the company's stock.

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TrueBlue Stock Down 0.7 %

TrueBlue stock traded down $0.04 during mid-day trading on Friday, hitting $5.76. 736,287 shares of the company's stock were exchanged, compared to its average volume of 230,532. TrueBlue, Inc. has a 1-year low of $5.19 and a 1-year high of $12.66. The stock has a 50 day moving average of $6.93 and a two-hundred day moving average of $7.46. 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 stock has a market cap of $171.06 million, a P/E ratio of -1.38, a P/E/G ratio of 3.01 and a beta of 1.35.

TrueBlue (NYSE:TBI - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The business services provider reported ($0.02) earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $385.04 million. As a group, analysts anticipate that TrueBlue, Inc. will post 0.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised 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.