BGSF (NYSE:BGSF) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of BGSF (NYSE:BGSF) in a research note released on Friday morning. The firm issued a buy rating on the stock.

BGSF Price Performance

NYSE:BGSF opened at $9.04 on Friday. The firm has a market cap of $98.81 million, a price-to-earnings ratio of -9.52 and a beta of 1.68. BGSF has a 1-year low of $8.50 and a 1-year high of $11.70. The firm’s fifty day moving average price is $9.67 and its 200 day moving average price is $9.70.

BGSF (NYSE:BGSF) last issued its quarterly earnings results on Wednesday, March 13th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The business had revenue of $73.57 million for the quarter, compared to analyst estimates of $75.05 million. BGSF had a negative net margin of 3.26% and a positive return on equity of 9.40%. As a group, analysts expect that BGSF will post 0.82 earnings per share for the current fiscal year.

BGSF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 20th were issued a $0.15 dividend. The ex-dividend date was Friday, February 16th. This represents a $0.60 annualized dividend and a dividend yield of 6.64%. BGSF’s dividend payout ratio is currently -63.16%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BGSF. Perritt Capital Management Inc. grew its position in BGSF by 1.9% during the third quarter. Perritt Capital Management Inc. now owns 65,156 shares of the company’s stock worth $626,000 after buying an additional 1,200 shares during the period. Bridge City Capital LLC increased its stake in BGSF by 17.9% in the 1st quarter. Bridge City Capital LLC now owns 40,576 shares of the company’s stock valued at $422,000 after purchasing an additional 6,160 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in BGSF by 28.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 31,835 shares of the company’s stock worth $306,000 after purchasing an additional 7,026 shares during the last quarter. Arete Wealth Advisors LLC acquired a new position in BGSF during the third quarter worth $179,000. Finally, Strata Wealth Advisors LLC purchased a new stake in BGSF during the third quarter worth $253,000. Institutional investors and hedge funds own 37.19% of the company’s stock.

About BGSF

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.