State Street Corp Decreases Holdings in BGSF, Inc. (NYSE:BGSF)

State Street Corp lowered its stake in shares of BGSF, Inc. (NYSE:BGSF) by 11.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,197 shares of the company’s stock after selling 4,300 shares during the quarter. State Street Corp’s holdings in BGSF were worth $280,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in BGSF. Cornerstone Wealth Group LLC bought a new stake in BGSF in the third quarter worth about $131,000. Tieton Capital Management LLC increased its stake in shares of BGSF by 15.9% during the 2nd quarter. Tieton Capital Management LLC now owns 500,095 shares of the company’s stock worth $4,276,000 after purchasing an additional 68,635 shares during the last quarter. Finally, King Luther Capital Management Corp raised its holdings in shares of BGSF by 500.0% in the 2nd quarter. King Luther Capital Management Corp now owns 360,201 shares of the company’s stock worth $3,080,000 after purchasing an additional 300,163 shares during the period. Hedge funds and other institutional investors own 37.19% of the company’s stock.

BGSF Price Performance

BGSF stock opened at $5.77 on Friday. The business’s 50 day simple moving average is $6.18 and its 200 day simple moving average is $7.48. BGSF, Inc. has a 12 month low of $5.20 and a 12 month high of $10.74. The company has a market cap of $63.61 million, a price-to-earnings ratio of -57.69 and a beta of 1.55. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.50.

BGSF (NYSE:BGSF) last issued its earnings results on Wednesday, November 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.18). The firm had revenue of $71.19 million during the quarter, compared to the consensus estimate of $75.00 million. BGSF had a negative net margin of 0.48% and a positive return on equity of 0.19%. During the same quarter in the previous year, the firm earned $0.36 earnings per share. Sell-side analysts forecast that BGSF, Inc. will post -0.3 EPS for the current year.

BGSF 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.