Tieton Capital Management LLC Acquires Shares of 633,407 BGSF, Inc. $BGSF

Tieton Capital Management LLC purchased a new position in BGSF, Inc. (NYSE:BGSF) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 633,407 shares of the company’s stock, valued at approximately $3,617,000. Tieton Capital Management LLC owned about 0.06% of BGSF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of BGSF by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 537,706 shares of the company’s stock valued at $3,818,000 after acquiring an additional 10,546 shares during the last quarter. Bridgeway Capital Management LLC increased its holdings in shares of BGSF by 37.9% in the 3rd quarter. Bridgeway Capital Management LLC now owns 91,288 shares of the company’s stock worth $648,000 after acquiring an additional 25,088 shares during the period. Geode Capital Management LLC raised its holdings in shares of 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 buying an additional 1,936 shares during the last quarter. Vise Technologies Inc. bought a new stake in BGSF during the 4th quarter valued at $122,000. Finally, O Shaughnessy Asset Management LLC raised its stake 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. 37.19% of the stock is owned by institutional investors.

BGSF Stock Performance

NYSE BGSF opened at $5.54 on Thursday. BGSF, Inc. has a 1 year low of $3.25 and a 1 year high of $8.22. The business’s fifty day moving average is $5.56 and its two-hundred day moving average is $5.72. The stock has a market capitalization of $59.11 million, a P/E ratio of -7.49 and a beta of 0.46.

BGSF (NYSE:BGSF) last issued its earnings results on Wednesday, August 5th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.28). The company had revenue of $22.31 million during the quarter, compared to analyst estimates of $24.50 million. BGSF had a negative return on equity of 13.69% and a negative net margin of 8.99%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of BGSF in a report on Thursday, July 2nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

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.