BGSF, Inc. (NYSE:BGSF) Short Interest Up 35.5% in February

BGSF, Inc. (NYSE:BGSF) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 32,800 shares, a growth of 35.5% from the February 13th total of 24,200 shares. Based on an average daily trading volume, of 18,300 shares, the short-interest ratio is currently 1.8 days. Currently, 0.3% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on BGSF in a research note on Sunday. They set a “hold” rating for the company.

BGSF Trading Down 3.1 %

Shares of NYSE:BGSF traded down $0.11 during midday trading on Friday, reaching $3.43. The company had a trading volume of 28,922 shares, compared to its average volume of 26,211. 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 has a 1-year low of $3.34 and a 1-year high of $10.50. The firm has a market cap of $37.81 million, a price-to-earnings ratio of -34.30 and a beta of 1.51. The company has a fifty day simple moving average of $4.98 and a two-hundred day simple moving average of $6.30.

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

Institutional Investors Weigh In On BGSF

Several institutional investors and hedge funds have recently modified their holdings of BGSF. Geode Capital Management LLC increased its holdings 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 valued at $816,000 after acquiring an additional 3,092 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in BGSF during the fourth quarter valued at approximately $29,000. Dimensional Fund Advisors LP raised its position in shares of BGSF by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 316,105 shares of the company’s stock valued at $1,657,000 after purchasing an additional 7,592 shares during the period. Millennium Management LLC acquired a new stake in shares of BGSF in the fourth quarter worth $60,000. Finally, Northern Trust Corp boosted its holdings in shares of BGSF by 43.8% during the 4th quarter. Northern Trust Corp now owns 37,675 shares of the company’s stock worth $197,000 after buying an additional 11,483 shares during the period. Institutional investors and hedge funds own 37.19% of the company’s stock.

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.