BGSF, Inc. (NYSE:BGSF) CEO Acquires $18,984.00 in Stock

BGSF, Inc. (NYSE:BGSF) CEO Beth Garvey purchased 2,800 shares of BGSF stock in a transaction that occurred on Thursday, May 23rd. The shares were bought at an average price of $6.78 per share, for a total transaction of $18,984.00. Following the transaction, the chief executive officer now directly owns 285,706 shares of the company’s stock, valued at $1,937,086.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

BGSF Stock Down 2.3 %

BGSF stock opened at $6.48 on Monday. The business has a 50 day moving average of $8.86 and a 200 day moving average of $9.48. The firm has a market cap of $70.89 million, a PE ratio of 12.46 and a beta of 1.71. BGSF, Inc. has a twelve month low of $6.40 and a twelve month high of $11.70. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.60.

BGSF (NYSE:BGSF) last issued its quarterly earnings results on Wednesday, March 13th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.05. The firm had revenue of $73.57 million during the quarter, compared to the consensus estimate of $75.05 million. BGSF had a return on equity of 9.74% and a net margin of 1.78%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. SpiderRock Advisors LLC purchased a new position in BGSF in the 1st quarter worth approximately $114,000. Bridge City Capital LLC purchased a new stake in BGSF during the 3rd quarter valued at $118,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of BGSF by 28.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 31,835 shares of the company’s stock worth $306,000 after purchasing an additional 7,026 shares in the last quarter. Prosperity Consulting Group LLC purchased a new position in shares of BGSF in the first quarter worth $520,000. Finally, Perritt Capital Management Inc. boosted its position in shares of BGSF by 1.9% during the third quarter. Perritt Capital Management Inc. now owns 65,156 shares of the company’s stock valued at $626,000 after buying an additional 1,200 shares during the last quarter. Institutional investors own 37.19% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of BGSF in a report on Monday, May 20th. They issued a “buy” rating on the stock.

About BGSF

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.