BGSF (NYSE:BGSF) Earns Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of BGSF (NYSE:BGSF) in a research report sent to investors on Friday. The firm issued a buy rating on the stock.

BGSF Price Performance

Shares of NYSE BGSF opened at $8.97 on Friday. The company has a market cap of $98.04 million, a PE ratio of -9.44 and a beta of 1.68. BGSF has a 12 month low of $8.50 and a 12 month high of $11.70. The company has a 50-day simple moving average of $9.70 and a 200-day simple moving average of $9.70.

BGSF (NYSE:BGSF) last released its earnings results on Wednesday, March 13th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $73.57 million during the quarter, compared to the consensus estimate of $75.05 million. On average, analysts anticipate that BGSF will post 0.82 EPS for the current year.

BGSF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Tuesday, February 20th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $0.60 annualized dividend and a yield of 6.69%. BGSF’s dividend payout ratio is presently -63.16%.

Institutional Trading of BGSF

Several institutional investors have recently added to or reduced their stakes in BGSF. Strata Wealth Advisors LLC acquired a new stake in BGSF in the third quarter valued at $253,000. Arete Wealth Advisors LLC bought a new stake in BGSF during the third quarter valued at $179,000. Tieton Capital Management LLC increased its stake in BGSF by 61.6% during the third quarter. Tieton Capital Management LLC now owns 342,495 shares of the company’s stock valued at $3,291,000 after purchasing an additional 130,511 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in BGSF by 28.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 31,835 shares of the company’s stock valued at $306,000 after purchasing an additional 7,026 shares during the last quarter. Finally, Perritt Capital Management Inc. increased its stake in BGSF by 1.9% during the third quarter. Perritt Capital Management Inc. now owns 65,156 shares of the company’s stock valued at $626,000 after purchasing an additional 1,200 shares during the last quarter. 37.19% of the stock is owned by institutional investors and hedge funds.

About BGSF

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.