BGSF (NYSE:BGSF) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of BGSF (NYSE:BGSF) in a report published on Thursday. The brokerage issued a hold rating on the stock.

BGSF Stock Down 0.3 %

BGSF stock opened at $4.95 on Thursday. BGSF has a 12 month low of $4.70 and a 12 month high of $10.49. The stock has a market capitalization of $54.51 million, a PE ratio of -49.45 and a beta of 1.55. 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 50 day simple moving average of $5.42 and a 200-day simple moving average of $6.73.

Hedge Funds Weigh In On BGSF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its stake in shares of BGSF by 3.3% during the third 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 stake in BGSF in the 3rd quarter worth about $131,000. Millennium Management LLC acquired a new stake in BGSF in the 4th quarter worth about $60,000. Northern Trust Corp increased its stake in 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of BGSF by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 316,105 shares of the company’s stock valued at $1,657,000 after acquiring an additional 7,592 shares during the last quarter. 37.19% of the stock is owned by hedge funds and other institutional investors.

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.