Jump Financial LLC Sells 9,200 Shares of TrueBlue, Inc. (NYSE:TBI)

Jump Financial LLC trimmed its position in TrueBlue, Inc. (NYSE:TBI) by 42.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,442 shares of the business services provider’s stock after selling 9,200 shares during the period. Jump Financial LLC’s holdings in TrueBlue were worth $105,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. State Street Corp raised its holdings in TrueBlue by 0.3% during the third quarter. State Street Corp now owns 665,901 shares of the business services provider’s stock worth $5,254,000 after acquiring an additional 1,968 shares in the last quarter. Barclays PLC raised its holdings in TrueBlue by 95.7% during the third quarter. Barclays PLC now owns 67,353 shares of the business services provider’s stock worth $531,000 after acquiring an additional 32,940 shares in the last quarter. SG Americas Securities LLC bought a new stake in TrueBlue during the fourth quarter worth about $108,000. Empowered Funds LLC raised its holdings in TrueBlue by 5.1% during the fourth quarter. Empowered Funds LLC now owns 172,069 shares of the business services provider’s stock worth $1,445,000 after acquiring an additional 8,327 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in TrueBlue during the fourth quarter worth about $978,000. 97.15% of the stock is currently owned by institutional investors.

TrueBlue Price Performance

TrueBlue stock opened at $4.29 on Tuesday. TrueBlue, Inc. has a 12 month low of $3.95 and a 12 month high of $12.29. The stock’s 50 day moving average is $5.27 and its 200-day moving average is $6.90. The company has a current ratio of 1.73, a quick ratio of 1.85 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $127.91 million, a price-to-earnings ratio of -1.03, a PEG ratio of 3.01 and a beta of 1.42.

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other TrueBlue news, CEO Taryn R. Owen acquired 12,735 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average cost of $5.94 per share, for a total transaction of $75,645.90. Following the transaction, the chief executive officer now directly owns 414,932 shares in the company, valued at $2,464,696.08. This represents a 3.17 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Carl Schweihs bought 10,000 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was acquired at an average price of $6.25 per share, for a total transaction of $62,500.00. Following the transaction, the chief financial officer now owns 166,551 shares of the company’s stock, valued at approximately $1,040,943.75. The trade was a 6.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 25,235 shares of company stock valued at $151,271 over the last 90 days. 5.00% of the stock is owned by corporate insiders.

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.