BGSF, Inc. (NYSE:BGSF) Short Interest Update

BGSF, Inc. (NYSE:BGSF) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totalling 32,400 shares, a decline of 7.7% from the March 15th total of 35,100 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 13,200 shares, the days-to-cover ratio is presently 2.5 days.

Institutional Investors Weigh In On BGSF

A number of institutional investors have recently made changes to their positions in BGSF. Advisor Group Holdings Inc. lifted its stake in BGSF by 107.2% during the first quarter. Advisor Group Holdings Inc. now owns 2,946 shares of the company’s stock worth $39,000 after purchasing an additional 1,524 shares during the last quarter. Bank of America Corp DE lifted its position in shares of BGSF by 20,372.7% in the 1st quarter. Bank of America Corp DE now owns 4,504 shares of the company’s stock worth $48,000 after buying an additional 4,482 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of BGSF by 87.5% in the 2nd quarter. Osaic Holdings Inc. now owns 9,815 shares of the company’s stock valued at $94,000 after buying an additional 4,581 shares during the period. Stifel Financial Corp acquired a new position in shares of BGSF in the 1st quarter valued at about $123,000. Finally, Bridge City Capital LLC bought a new stake in shares of BGSF during the 3rd quarter valued at about $118,000. 37.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded BGSF from a “hold” rating to a “buy” rating in a research note on Monday, March 18th.

BGSF Stock Down 0.5 %

Shares of BGSF stock traded down $0.05 during mid-day trading on Wednesday, reaching $9.15. 4,167 shares of the company were exchanged, compared to its average volume of 12,566. The business’s 50 day simple moving average is $9.90 and its 200 day simple moving average is $9.71. BGSF has a fifty-two week low of $8.85 and a fifty-two week high of $11.70.

BGSF (NYSE:BGSF) last released its earnings results on Wednesday, March 13th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.05. BGSF had a negative net margin of 3.26% and a positive return on equity of 9.40%. The company had revenue of $73.57 million during the quarter, compared to the consensus estimate of $75.05 million. On average, equities research analysts predict that BGSF will post 0.82 earnings per share for the current fiscal year.

BGSF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 20th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.56%. The ex-dividend date was Friday, February 16th. BGSF’s dividend payout ratio is presently -63.16%.

BGSF Company Profile

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.