BG Staffing Inc (BGSF) Director Richard L. Baum, Jr. Sells 1,598 Shares
BG Staffing Inc (NYSEAMERICAN:BGSF) Director Richard L. Baum, Jr. sold 1,598 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $28.00, for a total transaction of $44,744.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NYSEAMERICAN:BGSF traded down $0.98 during trading hours on Friday, hitting $25.00. The stock had a trading volume of 2,555 shares, compared to its average volume of 60,778. BG Staffing Inc has a one year low of $14.65 and a one year high of $29.59.
BG Staffing (NYSEAMERICAN:BGSF) last announced its quarterly earnings results on Friday, July 27th. The business services provider reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.24. BG Staffing had a net margin of 4.40% and a return on equity of 30.25%. The firm had revenue of $70.95 million during the quarter, compared to the consensus estimate of $72.12 million.
Separately, Zacks Investment Research raised shares of BG Staffing from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Tuesday, June 5th.
A number of large investors have recently made changes to their positions in BGSF. Globeflex Capital L P purchased a new stake in shares of BG Staffing during the 2nd quarter valued at $109,000. Bank of America Corp DE raised its position in BG Staffing by 83.2% in the 2nd quarter. Bank of America Corp DE now owns 5,995 shares of the business services provider’s stock worth $139,000 after purchasing an additional 2,722 shares during the period. Bank of Montreal Can purchased a new position in BG Staffing in the 2nd quarter worth $191,000. First Trust Advisors LP purchased a new position in BG Staffing in the 2nd quarter worth $214,000. Finally, Deutsche Bank AG raised its position in BG Staffing by 119.9% in the 4th quarter. Deutsche Bank AG now owns 15,715 shares of the business services provider’s stock worth $248,000 after purchasing an additional 8,570 shares during the period.
About BG Staffing
BG Staffing, Inc provides temporary staffing services in the United States. It operates in three segments: Multifamily, Professional, and Commercial. The Multifamily segment offers temporary front office and maintenance personnel to the various apartment communities. The Professional segment provides skilled temporary IT professionals with expertise in SAP, Workday, Olik View, Hyperion, Oracle, project management, and other IT staffing skills, as well as finance, accounting, and related support personnel.
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