Opus Capital Group LLC Purchases Shares of 39,771 BG Staffing Inc (BGSF)
Opus Capital Group LLC purchased a new position in shares of BG Staffing Inc (NYSEAMERICAN:BGSF) during the 1st quarter, HoldingsChannel reports. The firm purchased 39,771 shares of the business services provider’s stock, valued at approximately $868,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. BNP Paribas Arbitrage SA increased its holdings in BG Staffing by 1,326.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,754 shares of the business services provider’s stock worth $38,000 after purchasing an additional 1,631 shares during the period. North Star Investment Management Corp. boosted its position in shares of BG Staffing by 2.9% during the 1st quarter. North Star Investment Management Corp. now owns 107,725 shares of the business services provider’s stock worth $2,353,000 after acquiring an additional 3,000 shares in the last quarter. American Century Companies Inc. boosted its position in shares of BG Staffing by 59.7% during the 4th quarter. American Century Companies Inc. now owns 246,826 shares of the business services provider’s stock worth $5,097,000 after acquiring an additional 92,235 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of BG Staffing by 7.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 166,964 shares of the business services provider’s stock worth $3,448,000 after acquiring an additional 11,303 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of BG Staffing during the 4th quarter worth about $322,000.
Separately, Zacks Investment Research cut BG Staffing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th.
BG Staffing (NYSEAMERICAN:BGSF) last released its quarterly earnings data on Tuesday, March 12th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.08. The business had revenue of $72.00 million for the quarter, compared to analyst estimates of $75.26 million.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, May 6th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, May 3rd. This represents a $1.20 annualized dividend and a dividend yield of 5.13%.
In related news, Director Richard L. Baum, Jr. sold 2,100 shares of the company’s stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $28.00, for a total value of $58,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard L. Baum, Jr. sold 4,267 shares of the company’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $28.00, for a total value of $119,476.00. The disclosure for this sale can be found here.
BG Staffing Profile
BG Staffing, Inc provides temporary staffing services in the United States. It operates in three segments: Multifamily, Professional, and Commercial. The Multifamily segment offers temporary front office and maintenance personnel to the various apartment communities. The Professional segment provides skilled temporary IT professionals with expertise in SAP, Workday, Olik View, Hyperion, Oracle, project management, and other IT staffing skills, as well as finance, accounting, and related support personnel.
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