BG Staffing Inc (BGSF) Shares Bought by Acadian Asset Management LLC
Acadian Asset Management LLC raised its position in BG Staffing Inc (NASDAQ:BGSF) by 7.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,468 shares of the company’s stock after buying an additional 9,362 shares during the period. Acadian Asset Management LLC owned about 1.53% of BG Staffing worth $2,318,000 as of its most recent SEC filing.
Shares of BG Staffing Inc (NASDAQ:BGSF) traded down 0.3765% during midday trading on Monday, hitting $16.0892. The stock had a trading volume of 11,058 shares. The firm has a 50 day moving average price of $17.63 and a 200 day moving average price of $15.51. The stock has a market cap of $140.93 million and a PE ratio of 17.4126. BG Staffing Inc has a one year low of $11.23 and a one year high of $19.88.
BG Staffing (NASDAQ:BGSF) last issued its earnings results on Thursday, July 27th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. BG Staffing had a return on equity of 13.02% and a net margin of 2.29%. The business had revenue of $68.77 million for the quarter, compared to analyst estimates of $70.05 million. On average, equities analysts forecast that BG Staffing Inc will post $1.02 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 7th. Stockholders of record on Monday, July 31st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 6.19%. The ex-dividend date is Thursday, July 27th.
A number of equities research analysts have recently weighed in on BGSF shares. Zacks Investment Research upgraded BG Staffing from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Tuesday, August 1st. TheStreet upgraded BG Staffing from a “c” rating to an “a” rating in a research note on Friday, May 5th.
About BG Staffing
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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