BG Staffing Inc (NASDAQ:BGSF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Friday.

According to Zacks, “BG Staffing, Inc. is a national provider of temporary staffing services across a diverse set of industries. Its present business segments offer temp services in the Multi-Family, Professional and Commercial sectors. In the Multi-Family segment BG offers temporary workers that perform front office and maintenance personnel in 18 states (Nevada, Arizona, Colorado, Kansas, Oklahoma, Texas, Missouri, Wisconsin, Illinois, Tennessee, Georgia, Florida, N. Carolina, Virginia, Maryland, Pennsylvania, Massachusetts, Rhode Island); temporary skilled contract labor for Finance & Accounting and also for IT implementation and maintenance projects nationwide from offices in 5 states (Texas, Louisiana, N. Carolina, Maryland, Rhode Island); temp labor services in various skilled and unskilled positions to primarily distribution and logistics customers in its Commercial segment in 5 states (Texas, Wisconsin, Illinois, Tennessee, Mississippi). BG Staffing, Inc. is headquartered in Plano, Texas. “

BG Staffing (NASDAQ:BGSF) traded up $0.11 during trading hours on Friday, hitting $15.39. The stock had a trading volume of 21,972 shares, compared to its average volume of 14,210. BG Staffing has a 52 week low of $11.23 and a 52 week high of $18.84.

BG Staffing (NASDAQ:BGSF) last released its quarterly earnings results on Monday, October 30th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The firm had revenue of $71.28 million for the quarter, compared to analysts’ expectations of $77.70 million. BG Staffing had a return on equity of 22.69% and a net margin of 3.32%.

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A number of institutional investors have recently bought and sold shares of BGSF. Acadian Asset Management LLC lifted its position in BG Staffing by 7.5% during the 2nd quarter. Acadian Asset Management LLC now owns 133,468 shares of the company’s stock worth $2,318,000 after acquiring an additional 9,362 shares during the period. Municipal Employees Retirement System of Michigan acquired a new stake in BG Staffing during the 2nd quarter worth approximately $426,000. Schwab Charles Investment Management Inc. acquired a new stake in BG Staffing during the 2nd quarter worth approximately $192,000. Boston Partners acquired a new stake in BG Staffing during the 2nd quarter worth approximately $619,000. Finally, Bank of New York Mellon Corp lifted its position in BG Staffing by 19.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 117,451 shares of the company’s stock worth $2,041,000 after acquiring an additional 19,440 shares during the period.

About BG Staffing

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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