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

BGSF, Inc. (NYSE:BGSF) was the target of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 25,600 shares, a drop of 12.3% from the November 15th total of 29,200 shares. Based on an average daily trading volume, of 21,800 shares, the short-interest ratio is currently 1.2 days. Currently, 0.3% of the shares of the company are sold short.

BGSF Stock Performance

BGSF stock traded up $0.12 during mid-day trading on Friday, hitting $6.10. The company had a trading volume of 13,980 shares, compared to its average volume of 25,912. BGSF has a 12-month low of $5.20 and a 12-month high of $10.74. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $67.25 million, a price-to-earnings ratio of -61.00 and a beta of 1.55. The company’s fifty day moving average is $7.00 and its 200-day moving average is $7.58.

BGSF (NYSE:BGSF) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.18). The business had revenue of $71.19 million during the quarter, compared to analysts’ expectations of $75.00 million. BGSF had a positive return on equity of 0.19% and a negative net margin of 0.48%. During the same quarter in the previous year, the company posted $0.36 earnings per share. Equities research analysts predict that BGSF will post -0.3 EPS for the current year.

Institutional Trading of BGSF

A number of large investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its position 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. Cornerstone Wealth Group LLC acquired a new position in BGSF in the 3rd quarter valued at $131,000. King Luther Capital Management Corp boosted 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 worth $3,080,000 after acquiring an additional 300,163 shares during the last quarter. Finally, Tieton Capital Management LLC raised its holdings in shares of BGSF by 15.9% in the 2nd quarter. Tieton Capital Management LLC now owns 500,095 shares of the company’s stock worth $4,276,000 after purchasing an additional 68,635 shares during the period. Institutional investors and hedge funds own 37.19% of the company’s stock.

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.