StockNews.com initiated coverage on shares of BGSF (NYSE:BGSF - Free Report) in a research note published on Thursday morning. The brokerage issued a hold rating on the stock.
BGSF Stock Performance
BGSF traded up $0.05 during midday trading on Thursday, hitting $4.98. 6,857 shares of the company were exchanged, compared to its average volume of 10,706. The firm has a market capitalization of $54.82 million, a price-to-earnings ratio of -49.75 and a beta of 1.55. The company's 50 day simple moving average is $5.40 and its 200 day simple moving average is $6.70. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.50. BGSF has a 1-year low of $4.70 and a 1-year high of $10.49.
Institutional Investors Weigh In On BGSF
Several hedge funds have recently bought and sold shares of BGSF. Geode Capital Management LLC lifted its stake in shares of 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 purchasing an additional 3,092 shares during the period. Cornerstone Wealth Group LLC acquired a new position in BGSF in the 3rd quarter worth about $131,000. Millennium Management LLC purchased a new position in BGSF during the fourth quarter worth approximately $60,000. Northern Trust Corp grew its holdings in BGSF by 43.8% in the fourth quarter. Northern Trust Corp now owns 37,675 shares of the company's stock valued at $197,000 after purchasing an additional 11,483 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of BGSF by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 316,105 shares of the company's stock valued at $1,657,000 after buying an additional 7,592 shares in the last quarter. Hedge funds and other institutional investors own 37.19% of the company's stock.
About BGSF
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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.
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