Perritt Capital Management Inc Has $247,000 Position in BGSF, Inc. (NYSE:BGSF)

Perritt Capital Management Inc lifted its holdings in shares of BGSF, Inc. (NYSE:BGSF) by 42.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,089 shares of the company’s stock after buying an additional 14,113 shares during the period. Perritt Capital Management Inc owned about 0.43% of BGSF worth $247,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Allworth Financial LP acquired a new position in BGSF during the fourth quarter valued at approximately $101,000. Geode Capital Management LLC raised its stake in shares of BGSF by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 96,845 shares of the company’s stock worth $816,000 after purchasing an additional 3,092 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its holdings in shares of BGSF by 33.2% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 424,424 shares of the company’s stock valued at $2,224,000 after buying an additional 105,699 shares during the last quarter. Finally, Tieton Capital Management LLC grew its stake in shares of BGSF by 24.7% in the fourth quarter. Tieton Capital Management LLC now owns 623,250 shares of the company’s stock valued at $3,266,000 after buying an additional 123,410 shares in the last quarter. 37.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BGSF. Roth Capital set a $9.00 price target on shares of BGSF in a research report on Thursday, March 20th. StockNews.com assumed coverage on shares of BGSF in a report on Tuesday. They issued a “hold” rating on the stock. Finally, Roth Mkm reduced their price target on BGSF from $12.00 to $9.00 and set a “buy” rating for the company in a report on Thursday, March 20th.

BGSF Trading Down 0.4 %

Shares of BGSF stock opened at $3.67 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.75 and a quick ratio of 1.75. The business has a fifty day simple moving average of $4.56 and a two-hundred day simple moving average of $5.95. BGSF, Inc. has a 1 year low of $3.32 and a 1 year high of $9.98. The company has a market capitalization of $40.60 million, a price-to-earnings ratio of -36.65 and a beta of 1.51.

BGSF (NYSE:BGSF) last posted its earnings results on Wednesday, March 12th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). BGSF had a positive return on equity of 0.19% and a negative net margin of 0.48%. The company had revenue of $64.41 million for the quarter, compared to analyst estimates of $67.65 million. Research analysts forecast that BGSF, Inc. will post -0.3 EPS for the current year.

About BGSF

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.