Insider Buying: TrueBlue, Inc. (NYSE:TBI) CFO Acquires 10,000 Shares of Stock

TrueBlue, Inc. (NYSE:TBI - Get Free Report) CFO Carl Schweihs bought 10,000 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average price of $6.25 per share, for a total transaction of $62,500.00. Following the completion of the transaction, the chief financial officer now directly owns 166,551 shares of the company's stock, valued at $1,040,943.75. This represents a 6.39 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

TrueBlue Price Performance

Shares of TBI stock traded up $0.14 during mid-day trading on Friday, hitting $6.33. The company had a trading volume of 298,294 shares, compared to its average volume of 155,479. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.73 and a quick ratio of 1.85. The company has a market capitalization of $187.90 million, a P/E ratio of -1.52, a P/E/G ratio of 3.01 and a beta of 1.42. TrueBlue, Inc. has a 52-week low of $5.85 and a 52-week high of $12.65. The stock's 50 day moving average price is $7.58 and its 200-day moving average price is $7.67.

TrueBlue (NYSE:TBI - Get Free Report) last posted its earnings results on Wednesday, February 19th. The business services provider reported ($0.02) EPS for the quarter, topping analysts' consensus estimates of ($0.16) by $0.14. The company had revenue of $385.95 million for the quarter, compared to the consensus estimate of $385.04 million. TrueBlue had a negative return on equity of 3.90% and a negative net margin of 8.02%. Equities research analysts forecast 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 have recently bought and sold shares of TBI. Assenagon Asset Management S.A. raised its stake in TrueBlue by 33.1% during the third quarter. Assenagon Asset Management S.A. now owns 386,432 shares of the business services provider's stock valued at $3,049,000 after purchasing an additional 96,072 shares in the last quarter. GSA Capital Partners LLP increased its stake in TrueBlue by 85.2% in the 3rd quarter. GSA Capital Partners LLP now owns 220,892 shares of the business services provider's stock worth $1,743,000 after buying an additional 101,589 shares during the period. Royce & Associates LP increased its position in shares of TrueBlue by 28.5% during the third quarter. Royce & Associates LP now owns 1,082,085 shares of the business services provider's stock worth $8,538,000 after acquiring an additional 239,740 shares during the period. Empowered Funds LLC increased its holdings in TrueBlue by 34.2% during the 3rd quarter. Empowered Funds LLC now owns 163,742 shares of the business services provider's stock worth $1,292,000 after purchasing an additional 41,754 shares during the period. Finally, FMR LLC grew its position in shares of TrueBlue by 10.0% during the 3rd quarter. FMR LLC now owns 1,742,474 shares of the business services provider's stock worth $13,748,000 after buying an additional 158,967 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company's stock.

Analyst Upgrades and Downgrades

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

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.