BG Staffing Inc (NYSEAMERICAN:BGSF) Shares Purchased by North Star Investment Management Corp.

North Star Investment Management Corp. boosted its stake in BG Staffing Inc (NYSEAMERICAN:BGSF) by 6.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 194,080 shares of the business services provider’s stock after purchasing an additional 12,139 shares during the period. North Star Investment Management Corp. owned approximately 1.90% of BG Staffing worth $3,709,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BGSF. Cadence Capital Management LLC grew its stake in shares of BG Staffing by 69.7% during the second quarter. Cadence Capital Management LLC now owns 127,225 shares of the business services provider’s stock valued at $2,402,000 after acquiring an additional 52,248 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of BG Staffing by 71.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 28,971 shares of the business services provider’s stock valued at $633,000 after acquiring an additional 12,055 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of BG Staffing by 1,326.0% during the first quarter. BNP Paribas Arbitrage SA now owns 1,754 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 1,631 shares in the last quarter. MUFG Americas Holdings Corp acquired a new stake in shares of BG Staffing during the second quarter valued at about $79,000. Finally, Bessemer Group Inc. lifted its position in shares of BG Staffing by 3.8% during the second quarter. Bessemer Group Inc. now owns 30,100 shares of the business services provider’s stock worth $568,000 after purchasing an additional 1,100 shares during the last quarter.

Shares of NYSEAMERICAN:BGSF traded up $0.01 during trading hours on Thursday, hitting $18.54. The stock had a trading volume of 614 shares, compared to its average volume of 65,505. The stock’s fifty day simple moving average is $18.75 and its 200 day simple moving average is $19.92. BG Staffing Inc has a 1-year low of $15.91 and a 1-year high of $28.01.

BG Staffing (NYSEAMERICAN:BGSF) last announced its quarterly earnings results on Wednesday, August 7th. The business services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.30 by $0.14. The firm had revenue of $73.86 million during the quarter, compared to analyst estimates of $74.57 million.

Separately, Zacks Investment Research cut shares of BG Staffing from a “buy” rating to a “hold” rating in a research report on Friday, August 16th.

About BG Staffing

BG Staffing, Inc provides temporary staffing services in the United States. It operates through three segments: Real Estate, Professional, and Light Industrial. The Real Estate segment offers office and maintenance personnel to the various apartment communities and commercial buildings. The Professional segment provides skilled IT professionals with expertise in SAP, Workday, Olik View, Hyperion, Oracle, project management, and other IT staffing skills, as well as finance, accounting, legal, and related support personnel.

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Institutional Ownership by Quarter for BG Staffing (NYSEAMERICAN:BGSF)

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