Albert D Mason Inc. Invests $481,000 in BG Staffing Inc (NYSEAMERICAN:BGSF)

Albert D Mason Inc. bought a new position in BG Staffing Inc (NYSEAMERICAN:BGSF) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 25,155 shares of the business services provider’s stock, valued at approximately $481,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Navellier & Associates Inc grew its stake in BG Staffing by 3.3% during the third quarter. Navellier & Associates Inc now owns 86,976 shares of the business services provider’s stock valued at $1,662,000 after acquiring an additional 2,781 shares in the last quarter. North Star Investment Management Corp. grew its stake in BG Staffing by 6.7% during the third quarter. North Star Investment Management Corp. now owns 194,080 shares of the business services provider’s stock valued at $3,709,000 after acquiring an additional 12,139 shares in the last quarter. Citadel Advisors LLC purchased a new position in BG Staffing in the 2nd quarter worth approximately $352,000. Marshall Wace LLP grew its stake in BG Staffing by 408.3% in the 2nd quarter. Marshall Wace LLP now owns 51,239 shares of the business services provider’s stock worth $967,000 after buying an additional 41,158 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in BG Staffing by 146.2% in the 2nd quarter. AQR Capital Management LLC now owns 138,623 shares of the business services provider’s stock worth $2,617,000 after buying an additional 82,315 shares in the last quarter.

Shares of BGSF opened at $19.72 on Thursday. BG Staffing Inc has a fifty-two week low of $15.91 and a fifty-two week high of $28.01. The firm has a 50 day moving average price of $18.75 and a 200-day moving average price of $19.92.

BG Staffing (NYSEAMERICAN:BGSF) last announced its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.14. The business had revenue of $73.86 million during the quarter, compared to the consensus estimate of $74.57 million.

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

BG Staffing Profile

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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