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

BGSF, Inc. (NYSE:BGSF) was the target of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 112,372 shares, a decrease of 26.1% from the February 26th total of 151,987 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average trading volume of 31,962 shares, the short-interest ratio is presently 3.5 days.

BGSF Stock Down 3.4%

BGSF stock opened at $6.19 on Tuesday. BGSF has a 52-week low of $2.91 and a 52-week high of $8.22. The company has a market cap of $69.33 million, a P/E ratio of -6.01 and a beta of 0.71. The business has a 50-day simple moving average of $5.96 and a two-hundred day simple moving average of $5.14.

BGSF (NYSE:BGSF) last issued its quarterly earnings data on Wednesday, March 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.07. The firm had revenue of $22.03 million during the quarter, compared to the consensus estimate of $22.95 million. BGSF had a negative net margin of 8.43% and a negative return on equity of 14.13%. Research analysts anticipate that BGSF will post -0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On BGSF

A number of institutional investors have recently added to or reduced their stakes in BGSF. Geode Capital Management LLC grew its stake in BGSF by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 112,454 shares of the company’s stock valued at $521,000 after acquiring an additional 1,936 shares in the last quarter. Bridgeway Capital Management LLC boosted its holdings in shares of BGSF by 4.7% during 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 last quarter. Empowered Funds LLC grew its position in shares of BGSF by 14.2% during the fourth quarter. Empowered Funds LLC now owns 34,350 shares of the company’s stock valued at $159,000 after purchasing an additional 4,262 shares in the last quarter. Clear Harbor Asset Management LLC grew its position in shares of BGSF by 16.1% during the third quarter. Clear Harbor Asset Management LLC now owns 63,157 shares of the company’s stock valued at $448,000 after purchasing an additional 8,764 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of BGSF by 2.0% in the third quarter. Vanguard Group Inc. now owns 537,706 shares of the company’s stock worth $3,818,000 after purchasing an additional 10,546 shares during the last quarter. 37.19% of the stock is owned by hedge funds and other institutional investors.

BGSF Company Profile

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.