Carl Schweihs Acquires 10,000 Shares of TrueBlue, Inc. (NYSE:TBI) Stock

TrueBlue, Inc. (NYSE:TBI) CFO Carl Schweihs purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average price of $6.25 per share, for a total transaction of $62,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 166,551 shares of the company’s stock, valued at $1,040,943.75. This trade represents a 6.39 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

TrueBlue Stock Performance

NYSE:TBI opened at $6.18 on Friday. The company has a market capitalization of $183.45 million, a P/E ratio of -1.48, a P/E/G ratio of 3.01 and a beta of 1.42. The business has a fifty day simple moving average of $7.62 and a two-hundred day simple moving average of $7.68. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.73 and a quick ratio of 1.85. TrueBlue, Inc. has a 1 year low of $5.85 and a 1 year high of $12.65.

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

Wall Street Analysts Forecast Growth

TBI has been the topic of a number of recent analyst reports. StockNews.com cut TrueBlue from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. BMO Capital Markets lowered their price objective on shares of TrueBlue from $11.00 to $10.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th.

Hedge Funds Weigh In On TrueBlue

Hedge funds have recently made changes to their positions in the stock. Royce & Associates LP boosted its stake in TrueBlue by 40.8% in the 4th quarter. Royce & Associates LP now owns 1,523,193 shares of the business services provider’s stock worth $12,795,000 after purchasing an additional 441,108 shares during the period. Nuveen Asset Management LLC grew its stake in TrueBlue by 262.7% during the fourth quarter. Nuveen Asset Management LLC now owns 561,093 shares of the business services provider’s stock valued at $4,713,000 after acquiring an additional 406,405 shares in the last quarter. RBF Capital LLC increased its holdings in TrueBlue by 852.8% during the 4th quarter. RBF Capital LLC now owns 381,136 shares of the business services provider’s stock worth $3,202,000 after acquiring an additional 341,136 shares during the period. Advantage Alpha Capital Partners LP purchased a new stake in TrueBlue in the 4th quarter worth approximately $1,980,000. Finally, FMR LLC boosted its holdings in TrueBlue by 10.0% in the 3rd quarter. FMR LLC now owns 1,742,474 shares of the business services provider’s stock valued at $13,748,000 after purchasing an additional 158,967 shares during the period. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

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.