BGSF, Inc. (NYSE:BGSF) Short Interest Update

BGSF, Inc. (NYSE:BGSF) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 32,400 shares, a decrease of 7.7% from the March 15th total of 35,100 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 13,200 shares, the short-interest ratio is currently 2.5 days.

BGSF Price Performance

Shares of BGSF stock traded down $0.06 during trading on Tuesday, hitting $9.20. 11,461 shares of the company’s stock traded hands, compared to its average volume of 12,682. BGSF has a 1 year low of $8.85 and a 1 year high of $11.70. The stock has a market capitalization of $100.56 million, a P/E ratio of -9.68 and a beta of 1.68. The business has a 50-day simple moving average of $9.90 and a 200-day simple moving average of $9.71.

BGSF (NYSE:BGSF) last released its quarterly earnings data on Wednesday, March 13th. The company reported $0.11 EPS for the quarter, beating the consensus estimate 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 company had revenue of $73.57 million for the quarter, compared to analysts’ expectations of $75.05 million. On average, equities analysts predict that BGSF will post 0.82 earnings per share for the current fiscal year.

BGSF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Tuesday, February 20th were given a dividend of $0.15 per share. The ex-dividend date was Friday, February 16th. This represents a $0.60 annualized dividend and a dividend yield of 6.52%. BGSF’s dividend payout ratio (DPR) is presently -63.16%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised BGSF from a “hold” rating to a “buy” rating in a research report on Monday, March 18th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Bridge City Capital LLC lifted its holdings in BGSF by 17.9% in the first quarter. Bridge City Capital LLC now owns 40,576 shares of the company’s stock valued at $422,000 after acquiring an additional 6,160 shares during the period. Vanguard Group Inc. lifted its holdings in BGSF by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 527,355 shares of the company’s stock valued at $4,957,000 after acquiring an additional 10,701 shares during the period. Northern Trust Corp lifted its holdings in BGSF by 62.9% in the fourth quarter. Northern Trust Corp now owns 29,026 shares of the company’s stock valued at $273,000 after acquiring an additional 11,206 shares during the period. Tieton Capital Management LLC lifted its holdings in BGSF by 25.6% in the fourth quarter. Tieton Capital Management LLC now owns 430,315 shares of the company’s stock valued at $4,045,000 after acquiring an additional 87,820 shares during the period. Finally, North Star Investment Management Corp. lifted its holdings in BGSF by 5.9% in the fourth quarter. North Star Investment Management Corp. now owns 725,573 shares of the company’s stock valued at $6,820,000 after acquiring an additional 40,290 shares during the period. Institutional investors own 37.19% of the company’s stock.

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.