TrueBlue, Inc. (NYSE:TBI) Holdings Raised by RBF Capital LLC

RBF Capital LLC boosted its stake in TrueBlue, Inc. (NYSE:TBI - Free Report) by 852.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 381,136 shares of the business services provider's stock after buying an additional 341,136 shares during the period. RBF Capital LLC owned 1.29% of TrueBlue worth $3,202,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted its holdings in shares of TrueBlue by 29.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 49,301 shares of the business services provider's stock valued at $415,000 after acquiring an additional 11,248 shares in the last quarter. Hsbc Holdings PLC lifted its position in TrueBlue by 108.6% in the fourth quarter. Hsbc Holdings PLC now owns 39,489 shares of the business services provider's stock worth $323,000 after purchasing an additional 20,562 shares during the period. MetLife Investment Management LLC boosted its stake in TrueBlue by 23.5% during the 4th quarter. MetLife Investment Management LLC now owns 15,886 shares of the business services provider's stock valued at $133,000 after purchasing an additional 3,028 shares in the last quarter. Walleye Capital LLC increased its position in shares of TrueBlue by 52.8% during the 4th quarter. Walleye Capital LLC now owns 43,948 shares of the business services provider's stock valued at $369,000 after purchasing an additional 15,186 shares during the period. Finally, Barclays PLC raised its stake in shares of TrueBlue by 33.6% in the 4th quarter. Barclays PLC now owns 89,992 shares of the business services provider's stock worth $756,000 after buying an additional 22,639 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company's stock.

Insiders Place Their Bets

In other TrueBlue news, CFO Carl Schweihs bought 10,000 shares of TrueBlue stock in a transaction dated Monday, February 24th. The stock was bought at an average price of $6.25 per share, for a total transaction of $62,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 166,551 shares of the company's stock, valued at approximately $1,040,943.75. This trade represents a 6.39 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Taryn R. Owen purchased 12,735 shares of the stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average price of $5.94 per share, for a total transaction of $75,645.90. Following the acquisition, the chief executive officer now directly owns 414,932 shares of the company's stock, valued at $2,464,696.08. This 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 worth $151,271 over the last ninety days. 5.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

TrueBlue Price Performance

NYSE TBI opened at $4.36 on Wednesday. TrueBlue, Inc. has a 1 year low of $3.95 and a 1 year high of $12.29. The business's fifty day moving average is $5.52 and its two-hundred day moving average is $6.98. The stock has a market capitalization of $129.53 million, a P/E ratio of -1.05, a P/E/G ratio of 3.01 and a beta of 1.42. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.85 and a current ratio of 1.73.

TrueBlue (NYSE:TBI - Get Free Report) last announced its earnings results 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. 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 analyst estimates of $385.04 million. On average, research analysts forecast that TrueBlue, Inc. will post 0.15 earnings per share for the current fiscal year.

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.

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