BGSF (NYSE:BGSF) Announces Quarterly Earnings Results
by Teresa Graham · The Cerbat GemBGSF (NYSE:BGSF – Get Free Report) released its quarterly earnings data on Wednesday. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01), Zacks reports. The business had revenue of $20.88 million during the quarter, compared to analyst estimates of $21.00 million. BGSF had a negative net margin of 11.98% and a negative return on equity of 17.95%.
BGSF Price Performance
BGSF stock traded down $0.01 during mid-day trading on Friday, hitting $5.19. 11,527 shares of the company’s stock traded hands, compared to its average volume of 17,301. The firm has a 50 day simple moving average of $6.11 and a two-hundred day simple moving average of $5.21. BGSF has a fifty-two week low of $3.25 and a fifty-two week high of $8.22. The stock has a market cap of $58.38 million, a price-to-earnings ratio of -5.19 and a beta of 0.53.
Hedge Funds Weigh In On BGSF
Large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of BGSF by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 537,706 shares of the company’s stock worth $3,818,000 after buying an additional 10,546 shares during the last quarter. Geode Capital Management LLC lifted its position in BGSF by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 112,454 shares of the company’s stock worth $521,000 after acquiring an additional 1,936 shares during the last quarter. Bridgeway Capital Management LLC boosted its holdings in shares of BGSF by 4.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 95,550 shares of the company’s stock worth $442,000 after acquiring an additional 4,262 shares during the period. O Shaughnessy Asset Management LLC grew its position in shares of BGSF by 89.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 45,484 shares of the company’s stock valued at $211,000 after purchasing an additional 21,503 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in shares of BGSF by 183.6% during the fourth quarter. Jane Street Group LLC now owns 38,287 shares of the company’s stock worth $177,000 after purchasing an additional 24,787 shares during the period. 37.19% of the stock is owned by institutional investors.
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.