BGSF, Inc. (NYSE:BGSF) Sees Large Increase in Short Interest

BGSF, Inc. (NYSE:BGSFGet Free Report) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 33,300 shares, a growth of 5.4% from the April 15th total of 31,600 shares. Based on an average trading volume of 11,500 shares, the days-to-cover ratio is currently 2.9 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Trading of BGSF

Several hedge funds have recently modified their holdings of BGSF. Perritt Capital Management Inc. lifted its stake in shares of BGSF by 5.9% in the first quarter. Perritt Capital Management Inc. now owns 66,105 shares of the company’s stock valued at $688,000 after purchasing an additional 3,679 shares during the period. Prosperity Consulting Group LLC purchased a new position in BGSF in the first quarter valued at about $520,000. North Star Investment Management Corp. increased its holdings in BGSF by 1.3% in the first quarter. North Star Investment Management Corp. now owns 735,073 shares of the company’s stock valued at $7,652,000 after buying an additional 9,500 shares in the last quarter. SpiderRock Advisors LLC acquired a new stake in shares of BGSF during the 1st quarter valued at approximately $114,000. Finally, Bridge City Capital LLC boosted its stake in shares of BGSF by 17.9% during the 1st quarter. Bridge City Capital LLC now owns 40,576 shares of the company’s stock worth $422,000 after acquiring an additional 6,160 shares in the last quarter. 37.19% of the stock is owned by institutional investors and hedge funds.

BGSF Stock Up 1.4 %

BGSF stock opened at $7.01 on Friday. BGSF has a one year low of $6.65 and a one year high of $11.70. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.09 and a current ratio of 2.09. The company has a fifty day moving average of $9.18 and a 200-day moving average of $9.57. The stock has a market capitalization of $76.69 million, a PE ratio of 13.48 and a beta of 1.71.

BGSF (NYSE:BGSFGet Free Report) last announced its quarterly earnings data on Wednesday, March 13th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. BGSF had a net margin of 1.78% and a return on equity of 9.74%. The firm had revenue of $73.57 million during the quarter, compared to the consensus estimate of $75.05 million.

Wall Street Analysts Forecast Growth

Separately, began coverage on BGSF in a report on Sunday, May 12th. They set a “buy” rating for the company.

Read Our Latest Stock Analysis on BGSF

BGSF Company Profile

(Get Free Report)

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.

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