BGSF (NYSE:BGSF) Trading Up 0.4% – Time to Buy?

Shares of BGSF, Inc. (NYSE:BGSF) were up 0.4% during mid-day trading on Monday . The company traded as high as $5.50 and last traded at $5.42. Approximately 17,099 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 48,506 shares. The stock had previously closed at $5.40.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of BGSF in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, BGSF has a consensus rating of “Moderate Buy” and a consensus target price of $9.00.

BGSF Trading Up 0.4%

The company has a market capitalization of $60.70 million, a PE ratio of -5.26 and a beta of 0.74. The stock’s fifty day moving average is $4.75 and its two-hundred day moving average is $5.20.

BGSF (NYSE:BGSF) last posted its quarterly earnings data on Friday, November 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.01. The business had revenue of $26.90 million during the quarter, compared to the consensus estimate of $25.50 million. BGSF had a negative net margin of 6.32% and a negative return on equity of 13.16%. As a group, analysts anticipate that BGSF, Inc. will post -0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On BGSF

A number of hedge funds have recently modified their holdings of BGSF. FNY Investment Advisers LLC increased its position in BGSF by 7,900.0% in the second quarter. FNY Investment Advisers LLC now owns 8,000 shares of the company’s stock worth $50,000 after buying an additional 7,900 shares during the last quarter. Ritholtz Wealth Management bought a new position in shares of BGSF during the 3rd quarter worth $75,000. Clear Harbor Asset Management LLC increased its holdings in BGSF by 16.1% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 63,157 shares of the company’s stock worth $448,000 after acquiring an additional 8,764 shares during the last quarter. Bridgeway Capital Management LLC raised its stake in BGSF by 37.9% in the 3rd quarter. Bridgeway Capital Management LLC now owns 91,288 shares of the company’s stock valued at $648,000 after acquiring an additional 25,088 shares during the period. Finally, Vanguard Group Inc. raised its stake in BGSF by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 537,706 shares of the company’s stock valued at $3,818,000 after acquiring an additional 10,546 shares during the period. Institutional investors own 37.19% of the company’s stock.

BGSF Company Profile

BGSF, Inc (NYSE:BGSF) is a provider of comprehensive workforce management and professional staffing services. The company specializes in designing and administering programs that help organizations optimize their contingent labor, direct hire recruiting and managed service solutions. Through an integrated approach, BGSF delivers end-to-end support that encompasses the planning, deployment and oversight of talent across multiple business functions.

BGSF’s service offerings include strategic workforce planning, vendor management, compliance and risk management, onboarding, timekeeping and payroll administration.