BG Staffing (NYSEAMERICAN:BGSF) released its earnings results on Thursday, March 8th. The business services provider reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02, Morningstar.com reports. The firm had revenue of $75.70 million for the quarter, compared to analysts’ expectations of $69.84 million. BG Staffing had a return on equity of 30.25% and a net margin of 4.40%.
BG Staffing (NYSEAMERICAN:BGSF) traded up $0.19 during trading hours on Friday, hitting $17.56. The stock had a trading volume of 39,276 shares, compared to its average volume of 15,875. The firm has a market cap of $149.96, a PE ratio of 17.56 and a beta of 0.15. BG Staffing has a 52-week low of $13.85 and a 52-week high of $18.84.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Monday, February 12th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.69%. The ex-dividend date of this dividend was Friday, February 9th. BG Staffing’s dividend payout ratio (DPR) is presently 100.00%.
Separately, Zacks Investment Research upgraded BG Staffing from a “sell” rating to a “hold” rating in a report on Monday, January 8th.
Several institutional investors have recently bought and sold shares of BGSF. State Street Corp bought a new stake in shares of BG Staffing in the 2nd quarter worth $1,123,000. Wasatch Advisors Inc. lifted its position in shares of BG Staffing by 43.5% in the fourth quarter. Wasatch Advisors Inc. now owns 161,390 shares of the business services provider’s stock worth $2,573,000 after buying an additional 48,901 shares in the last quarter. North Star Investment Management Corp. lifted its position in shares of BG Staffing by 37.2% in the fourth quarter. North Star Investment Management Corp. now owns 103,650 shares of the business services provider’s stock worth $1,652,000 after buying an additional 28,100 shares in the last quarter. Algert Global LLC purchased a new stake in shares of BG Staffing in the fourth quarter worth about $360,000. Finally, Vanguard Group Inc. raised its position in BG Staffing by 7.1% during the second quarter. Vanguard Group Inc. now owns 334,160 shares of the business services provider’s stock valued at $5,808,000 after purchasing an additional 22,254 shares during the period.
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BG Staffing Company Profile
BG Staffing, Inc (BG Staffing) is a provider of temporary staffing services. The Company provides temporary workers to a range of customers that are seeking to match their workforce requirements to their business needs. Its customers operate across a diverse set of industries. The Company’s operations are organized into three segments: Commercial, Multifamily and Professional.
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