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

BGSF, Inc. (NYSE:BGSF) was the recipient of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 25,600 shares, a decline of 12.3% from the November 15th total of 29,200 shares. Based on an average daily volume of 21,800 shares, the short-interest ratio is presently 1.2 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Tieton Capital Management LLC raised its position in shares of BGSF by 15.9% in the 2nd quarter. Tieton Capital Management LLC now owns 500,095 shares of the company’s stock valued at $4,276,000 after buying an additional 68,635 shares in the last quarter. King Luther Capital Management Corp increased its stake in BGSF by 500.0% in the second quarter. King Luther Capital Management Corp now owns 360,201 shares of the company’s stock valued at $3,080,000 after acquiring an additional 300,163 shares during the last quarter. Cornerstone Wealth Group LLC bought a new position in BGSF in the third quarter valued at approximately $131,000. Finally, Geode Capital Management LLC increased its stake in BGSF by 3.3% in the third quarter. Geode Capital Management LLC now owns 96,845 shares of the company’s stock valued at $816,000 after acquiring an additional 3,092 shares during the last quarter. Institutional investors and hedge funds own 37.19% of the company’s stock.

BGSF Stock Performance

Shares of BGSF traded up $0.14 during mid-day trading on Tuesday, hitting $6.19. 37,547 shares of the company’s stock were exchanged, compared to its average volume of 25,904. BGSF has a 52 week low of $5.20 and a 52 week high of $10.74. The stock’s 50-day simple moving average is $6.94 and its 200-day simple moving average is $7.59. The firm has a market cap of $68.24 million, a price-to-earnings ratio of -60.50 and a beta of 1.55. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.50.

BGSF (NYSE:BGSF) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.18). The company had revenue of $71.19 million for the quarter, compared to analyst estimates of $75.00 million. BGSF had a positive return on equity of 0.19% and a negative net margin of 0.48%. During the same period in the prior year, the company earned $0.36 EPS. On average, equities research analysts expect that BGSF will post -0.3 EPS for the current year.

BGSF Company Profile

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.