StockNews.com Begins Coverage on BGSF (NYSE:BGSF)

Equities research analysts at StockNews.com started coverage on shares of BGSF (NYSE:BGSF) in a research note issued on Friday. The brokerage set a “hold” rating on the stock.

BGSF Stock Down 1.8 %

BGSF stock opened at $4.85 on Friday. BGSF has a twelve month low of $4.70 and a twelve month high of $10.49. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.50. The stock has a market cap of $53.47 million, a P/E ratio of -48.50 and a beta of 1.55. The business’s 50-day moving average price is $5.30 and its 200-day moving average price is $6.57.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its position in shares of BGSF by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 96,845 shares of the company’s stock valued at $816,000 after buying an additional 3,092 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in BGSF in the 4th quarter worth approximately $29,000. Dimensional Fund Advisors LP lifted its holdings in BGSF by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 316,105 shares of the company’s stock worth $1,657,000 after purchasing an additional 7,592 shares in the last quarter. Millennium Management LLC purchased a new position in BGSF in the 4th quarter worth approximately $60,000. Finally, Northern Trust Corp lifted its holdings in BGSF by 43.8% in the 4th quarter. Northern Trust Corp now owns 37,675 shares of the company’s stock worth $197,000 after purchasing an additional 11,483 shares in the last quarter. 37.19% of the stock is owned by hedge funds and other institutional investors.

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.