Insider Buying: TrueBlue, Inc. (NYSE:TBI) CFO Buys $13,125.00 in Stock

TrueBlue, Inc. (NYSE:TBI) CFO Carl Schweihs bought 2,500 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $5.25 per share, for a total transaction of $13,125.00. Following the completion of the transaction, the chief financial officer now owns 169,051 shares in the company, valued at $887,517.75. This represents a 1.50 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Carl Schweihs also recently made the following trade(s):

• On Monday, February 24th, Carl Schweihs purchased 10,000 shares of TrueBlue stock. The stock was bought at an average price of $6.25 per share, with a total value of $62,500.00.

TrueBlue Trading Up 7.1 %

NYSE:TBI opened at $5.85 on Friday. TrueBlue, Inc. has a 52 week low of $5.19 and a 52 week high of $12.66. The company has a quick ratio of 1.85, a current ratio of 1.73 and a debt-to-equity ratio of 0.02. The company has a market cap of $173.64 million, a PE ratio of -1.41, a P/E/G ratio of 3.01 and a beta of 1.35. The business’s 50 day moving average is $7.09 and its two-hundred day moving average is $7.52.

TrueBlue (NYSE:TBI) last released its quarterly earnings data on Wednesday, February 19th. The business services provider reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.14. TrueBlue had a negative net margin of 8.02% and a negative return on equity of 3.90%. The firm had revenue of $385.95 million during the quarter, compared to the consensus estimate of $385.04 million. On average, analysts predict that TrueBlue, Inc. will post 0.15 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com raised shares of TrueBlue from a “sell” rating to a “hold” rating in a report on Sunday, March 2nd.

Institutional Investors Weigh In On TrueBlue

A number of institutional investors have recently modified their holdings of the business. GSA Capital Partners LLP boosted its stake in TrueBlue by 85.2% in the third quarter. GSA Capital Partners LLP now owns 220,892 shares of the business services provider’s stock valued at $1,743,000 after acquiring an additional 101,589 shares during the period. Royce & Associates LP lifted its holdings in shares of TrueBlue by 28.5% in the 3rd quarter. Royce & Associates LP now owns 1,082,085 shares of the business services provider’s stock worth $8,538,000 after purchasing an additional 239,740 shares during the last quarter. Empowered Funds LLC boosted its position in TrueBlue by 34.2% during the 3rd quarter. Empowered Funds LLC now owns 163,742 shares of the business services provider’s stock valued at $1,292,000 after purchasing an additional 41,754 shares during the period. FMR LLC grew its stake in TrueBlue by 10.0% during the 3rd quarter. FMR LLC now owns 1,742,474 shares of the business services provider’s stock worth $13,748,000 after buying an additional 158,967 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in TrueBlue in the third quarter worth $79,000. Institutional investors own 97.15% of the company’s stock.

TrueBlue Company Profile

TrueBlue, Inc, together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, the United Kingdom, Australia, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The company PeopleReady segment provides general, industrial, and skilled trade contingent staffing services for construction, transportation, manufacturing, retail, hospitality, and renewable energy industries.