BGSF, Inc. (NYSE:BGSF) Sees Large Decrease in Short Interest

BGSF, Inc. (NYSE:BGSF) saw a significant decline in short interest in 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. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 21,800 shares, the days-to-cover ratio is presently 1.2 days.

BGSF Stock Up 2.3 %

Shares of BGSF traded up $0.14 on Tuesday, reaching $6.19. The stock had a trading volume of 37,547 shares, compared to its average volume of 25,904. The firm has a market capitalization of $68.24 million, a price-to-earnings ratio of -60.50 and a beta of 1.55. The company has a 50-day simple moving average of $6.94 and a 200-day simple moving average of $7.59. BGSF has a 12-month low of $5.20 and a 12-month high of $10.74. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.75 and a current ratio of 1.75.

BGSF (NYSE:BGSF) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.07) earnings per share 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 the consensus estimate of $75.00 million. BGSF had a negative net margin of 0.48% and a positive return on equity of 0.19%. During the same period last year, the business earned $0.36 EPS. Sell-side analysts predict that BGSF will post -0.3 EPS for the current year.

Institutional Investors Weigh In On BGSF

A number of hedge funds have recently added to or reduced their stakes in the stock. Tieton Capital Management LLC lifted its stake in shares of BGSF by 15.9% during 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 lifted its position in shares of 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 in the last quarter. Geode Capital Management LLC boosted its stake in shares of BGSF by 3.3% in the third quarter. Geode Capital Management LLC now owns 96,845 shares of the company’s stock worth $816,000 after acquiring an additional 3,092 shares during the period. Finally, Cornerstone Wealth Group LLC purchased a new stake in shares of BGSF during the third quarter worth about $131,000. 37.19% of the stock is currently owned by hedge funds and other institutional investors.

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.