BG Staffing Inc (NASDAQ:BGSF) announced a quarterly dividend on Tuesday, October 24th, Wall Street Journal reports. Shareholders of record on Thursday, November 2nd will be given a dividend of 0.25 per share on Tuesday, November 7th. This represents a $1.00 annualized dividend and a yield of 5.70%. The ex-dividend date of this dividend is Wednesday, November 1st.

BG Staffing (NASDAQ:BGSF) traded up 0.80% during mid-day trading on Tuesday, reaching $17.54. 5,411 shares of the company’s stock traded hands. The firm has a market cap of $153.63 million and a price-to-earnings ratio of 18.98. BG Staffing has a one year low of $11.23 and a one year high of $18.84. The firm’s 50-day moving average price is $16.87 and its 200 day moving average price is $16.54.

BG Staffing (NASDAQ:BGSF) last posted its earnings results on Thursday, July 27th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. BG Staffing had a net margin of 3.32% and a return on equity of 22.69%. The firm had revenue of $68.77 million for the quarter, compared to the consensus estimate of $70.05 million. On average, equities analysts forecast that BG Staffing will post $1.02 EPS for the current year.

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Separately, Zacks Investment Research cut shares of BG Staffing from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th.

Hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System purchased a new stake in BG Staffing in the 2nd quarter valued at about $214,000. Northern Trust Corp boosted its position in BG Staffing by 81.7% in the 2nd quarter. Northern Trust Corp now owns 24,589 shares of the company’s stock valued at $428,000 after buying an additional 11,059 shares during the period. Finally, State Street Corp purchased a new stake in BG Staffing in the 2nd quarter valued at about $1,123,000.

BG Staffing Company Profile

BG Staffing, Inc (BG Staffing) is a provider of temporary staffing services. The Company provides temporary workers to a range of customers that are seeking to match their workforce requirements to their business needs. Its customers operate across a diverse set of industries. The Company’s operations are organized into three segments: Commercial, Multifamily and Professional.

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