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

BGSF, Inc. (NYSE:BGSF) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 32,400 shares, a decline of 7.7% from the March 15th total of 35,100 shares. Based on an average daily volume of 13,200 shares, the days-to-cover ratio is presently 2.5 days. Approximately 0.3% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded BGSF from a “hold” rating to a “buy” rating in a research note on Monday, March 18th.

Hedge Funds Weigh In On BGSF

Large investors have recently bought and sold shares of the business. Tieton Capital Management LLC raised its holdings in BGSF by 61.6% in the 3rd quarter. Tieton Capital Management LLC now owns 342,495 shares of the company’s stock worth $3,291,000 after purchasing an additional 130,511 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of BGSF by 28.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 31,835 shares of the company’s stock valued at $306,000 after acquiring an additional 7,026 shares during the last quarter. Bridge City Capital LLC acquired a new position in shares of BGSF during the third quarter valued at approximately $118,000. North Star Investment Management Corp. raised its holdings in shares of BGSF by 5.9% during the fourth quarter. North Star Investment Management Corp. now owns 725,573 shares of the company’s stock valued at $6,820,000 after acquiring an additional 40,290 shares during the last quarter. Finally, Arete Wealth Advisors LLC acquired a new position in shares of BGSF during the third quarter valued at approximately $179,000. Institutional investors and hedge funds own 37.19% of the company’s stock.

BGSF Stock Down 0.6 %

Shares of BGSF traded down $0.06 during mid-day trading on Tuesday, reaching $9.20. The company had a trading volume of 11,461 shares, compared to its average volume of 12,682. BGSF has a 52-week low of $8.85 and a 52-week high of $11.70. The stock has a market capitalization of $100.56 million, a P/E ratio of -9.68 and a beta of 1.68. The stock has a 50 day moving average of $9.90 and a two-hundred day moving average of $9.71.

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

BGSF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Investors 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 dividend on an annualized basis and a yield of 6.52%. BGSF’s payout ratio is -63.16%.

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.