BGSF (NYSE:BGSF) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of BGSF (NYSE:BGSF) in a research report report published on Saturday morning. The firm issued a buy rating on the stock.

BGSF Stock Performance

Shares of BGSF opened at $9.06 on Friday. The company’s 50 day moving average price is $9.59 and its 200 day moving average price is $9.68. BGSF has a 52 week low of $8.45 and a 52 week high of $11.70. The company has a market capitalization of $99.03 million, a PE ratio of -9.54 and a beta of 1.71.

BGSF (NYSE:BGSF) last posted its quarterly earnings data on Wednesday, March 13th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. BGSF had a positive return on equity of 9.40% and a negative net margin of 3.26%. The business had revenue of $73.57 million for the quarter, compared to analyst estimates of $75.05 million. On average, equities analysts forecast that BGSF will post 0.75 earnings per share for the current fiscal year.

BGSF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 20th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.62%. The ex-dividend date was Friday, February 16th. BGSF’s payout ratio is currently -63.16%.

Hedge Funds Weigh In On BGSF

Several hedge funds have recently added to or reduced their stakes in BGSF. SpiderRock Advisors LLC acquired a new position in BGSF during the first quarter worth $114,000. Bridge City Capital LLC acquired a new position in BGSF during the 3rd quarter worth about $118,000. Arete Wealth Advisors LLC acquired a new position in BGSF in the third quarter valued at approximately $179,000. Strata Wealth Advisors LLC acquired a new position in BGSF during the 3rd quarter worth approximately $253,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in BGSF by 28.3% during the 3rd 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 in the last quarter. Institutional investors own 37.19% of the company’s stock.

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.