BG Staffing Inc (BGSF) Position Raised by Menta Capital LLC
Menta Capital LLC boosted its position in BG Staffing Inc (NASDAQ:BGSF) by 5.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,042 shares of the company’s stock after purchasing an additional 950 shares during the period. Menta Capital LLC owned about 0.23% of BG Staffing worth $348,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in BGSF. New York State Common Retirement Fund purchased a new stake in BG Staffing in the 2nd quarter valued at approximately $129,000. Schwab Charles Investment Management Inc. acquired a new position in BG Staffing during the 2nd quarter worth approximately $192,000. Teachers Advisors LLC acquired a new position in BG Staffing during the 2nd quarter worth approximately $233,000. JPMorgan Chase & Co. increased its position in BG Staffing by 110.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 14,418 shares of the company’s stock worth $251,000 after purchasing an additional 7,559 shares during the period. Finally, TIAA CREF Investment Management LLC acquired a new position in BG Staffing during the 2nd quarter worth approximately $293,000.
Shares of BG Staffing Inc (NASDAQ:BGSF) opened at 16.98 on Tuesday. The stock has a market capitalization of $148.73 million and a P/E ratio of 18.38. The company has a 50 day moving average price of $15.96 and a 200-day moving average price of $16.20. BG Staffing Inc has a 1-year low of $11.23 and a 1-year high of $18.85.
BG Staffing (NASDAQ:BGSF) last posted its earnings results on Thursday, July 27th. The company reported $0.25 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $70.05 million. On average, equities research analysts forecast that BG Staffing Inc will post $1.02 EPS for the current fiscal year.
Separately, Zacks Investment Research downgraded BG Staffing from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd.
BG Staffing 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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