BGSF (NYSE:BGSF) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

BGSF (NYSE:BGSF) posted its earnings results on Wednesday. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.07, FiscalAI reports. BGSF had a negative return on equity of 13.16% and a negative net margin of 6.32%.The firm had revenue of $22.03 million for the quarter, compared to analysts’ expectations of $22.95 million.

BGSF Trading Up 1.1%

Shares of NYSE BGSF opened at $6.32 on Thursday. The firm has a fifty day simple moving average of $5.69 and a two-hundred day simple moving average of $5.14. BGSF has a 12 month low of $2.91 and a 12 month high of $8.22. The firm has a market capitalization of $70.78 million, a PE ratio of -6.04 and a beta of 0.71.

Hedge Funds Weigh In On BGSF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Empowered Funds LLC boosted its position in BGSF by 14.2% during the 4th quarter. Empowered Funds LLC now owns 34,350 shares of the company’s stock valued at $159,000 after acquiring an additional 4,262 shares in the last quarter. Bridgeway Capital Management LLC lifted its stake in shares of BGSF by 4.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 95,550 shares of the company’s stock valued at $442,000 after purchasing an additional 4,262 shares during the period. Jane Street Group LLC boosted its position in shares of BGSF by 183.6% during the fourth quarter. Jane Street Group LLC now owns 38,287 shares of the company’s stock valued at $177,000 after purchasing an additional 24,787 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of BGSF by 89.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 45,484 shares of the company’s stock valued at $211,000 after purchasing an additional 21,503 shares in the last quarter. Finally, Vise Technologies Inc. purchased a new stake in BGSF in the fourth quarter worth $122,000. Hedge funds and other institutional investors own 37.19% of the company’s stock.

About BGSF

BGSF, Inc (NYSE:BGSF) is a provider of comprehensive workforce management and professional staffing services. The company specializes in designing and administering programs that help organizations optimize their contingent labor, direct hire recruiting and managed service solutions. Through an integrated approach, BGSF delivers end-to-end support that encompasses the planning, deployment and oversight of talent across multiple business functions.

BGSF’s service offerings include strategic workforce planning, vendor management, compliance and risk management, onboarding, timekeeping and payroll administration.