BGSF, Inc. (NYSE:BGSF) Short Interest Update
by Renee Jackson · The Cerbat GemBGSF, Inc. (NYSE:BGSF – Get Free Report) saw a significant decline in short interest in March. As of March 31st, there was short interest totaling 64,347 shares, a decline of 42.7% from the March 15th total of 112,372 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily volume of 23,975 shares, the days-to-cover ratio is currently 2.7 days.
BGSF Price Performance
BGSF stock traded up $0.30 on Wednesday, reaching $6.04. The company’s stock had a trading volume of 11,824 shares, compared to its average volume of 21,082. The business’s fifty day moving average price is $6.10 and its 200 day moving average price is $5.05. BGSF has a twelve month low of $2.91 and a twelve month high of $8.22.
BGSF (NYSE:BGSF – Get Free Report) last posted its quarterly earnings data on Wednesday, March 11th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.07. The company had revenue of $22.03 million for the quarter, compared to analyst estimates of $22.95 million. BGSF had a negative return on equity of 15.34% and a negative net margin of 8.43%. Equities research analysts forecast that BGSF will post -0.3 earnings per share for the current fiscal year.
Hedge Funds Weigh In On BGSF
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC boosted its stake in BGSF by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 112,454 shares of the company’s stock worth $521,000 after purchasing an additional 1,936 shares in the last quarter. Bridgeway Capital Management LLC boosted its stake in BGSF by 4.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 95,550 shares of the company’s stock worth $442,000 after purchasing an additional 4,262 shares in the last quarter. Empowered Funds LLC boosted its stake in BGSF by 14.2% in the fourth quarter. Empowered Funds LLC now owns 34,350 shares of the company’s stock worth $159,000 after purchasing an additional 4,262 shares in the last quarter. Clear Harbor Asset Management LLC lifted its stake in shares of BGSF by 16.1% during the third quarter. Clear Harbor Asset Management LLC now owns 63,157 shares of the company’s stock valued at $448,000 after acquiring an additional 8,764 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of BGSF by 2.0% during the third 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 period. Institutional investors and hedge funds own 37.19% of the company’s stock.
About BGSF
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.