BGSF (NYSE:BGSF) Shares Up 2.8% – What’s Next?

BGSF, Inc. (NYSE:BGSF) shares rose 2.8% on Monday . The company traded as high as $5.62 and last traded at $5.55. 5,935 shares were traded during trading, a decline of 53% from the average session volume of 12,717 shares. The stock had previously closed at $5.40.

BGSF Stock Up 2.8%

The company has a market cap of $59.50 million, a PE ratio of -5.55 and a beta of 0.48. The firm’s 50-day moving average is $5.45 and its 200-day moving average is $5.52.

BGSF (NYSE:BGSF) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.01). BGSF had a negative return on equity of 18.91% and a negative net margin of 11.98%.The company had revenue of $20.88 million during the quarter, compared to analysts’ expectations of $21.00 million.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BGSF. Vise Technologies Inc. bought a new stake in shares of BGSF during the fourth quarter valued at approximately $122,000. Ritholtz Wealth Management grew its stake in BGSF by 148.5% in the fourth quarter. Ritholtz Wealth Management now owns 26,267 shares of the company’s stock worth $122,000 after purchasing an additional 15,695 shares during the period. Empowered Funds LLC raised its holdings in BGSF by 14.2% in the fourth quarter. Empowered Funds LLC now owns 34,350 shares of the company’s stock worth $159,000 after purchasing an additional 4,262 shares in the last quarter. Jane Street Group LLC raised its holdings in BGSF by 183.6% in the fourth quarter. Jane Street Group LLC now owns 38,287 shares of the company’s stock worth $177,000 after purchasing an additional 24,787 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its position in BGSF by 89.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 45,484 shares of the company’s stock valued at $211,000 after buying an additional 21,503 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.