BGSF (NYSE:BGSF) Lifted to B at TheStreet

TheStreet upgraded shares of BGSF (NYSE:BGSFGet Rating) from a c+ rating to a b rating in a research report sent to investors on Monday morning, TheStreetRatingsTable reports.

Separately, StockNews.com initiated coverage on shares of BGSF in a research report on Wednesday, October 12th. They set a hold rating for the company.

BGSF Stock Performance

NYSE:BGSF opened at $13.42 on Monday. The company has a market capitalization of $140.91 million, a PE ratio of 4.93, a P/E/G ratio of 0.56 and a beta of 1.89. BGSF has a fifty-two week low of $10.30 and a fifty-two week high of $15.10. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.98 and a current ratio of 2.98. The company has a 50 day simple moving average of $12.08 and a two-hundred day simple moving average of $12.34.

BGSF (NYSE:BGSFGet Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.35 by $0.13. The company had revenue of $78.51 million during the quarter, compared to the consensus estimate of $74.66 million. BGSF had a net margin of 10.01% and a return on equity of 17.17%. Research analysts anticipate that BGSF will post 1.21 earnings per share for the current year.

BGSF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 21st. Investors of record on Monday, November 14th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date was Thursday, November 10th. BGSF’s dividend payout ratio is currently 22.06%.

Hedge Funds Weigh In On BGSF

A number of large investors have recently modified their holdings of the company. Advisor Group Holdings Inc. raised its stake in shares of BGSF by 107.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,946 shares of the company’s stock worth $39,000 after purchasing an additional 1,524 shares during the period. Hillsdale Investment Management Inc. purchased a new stake in BGSF in the 3rd quarter worth about $82,000. UBS Group AG increased its holdings in BGSF by 3,816.9% in the 3rd quarter. UBS Group AG now owns 13,474 shares of the company’s stock worth $150,000 after acquiring an additional 13,130 shares during the last quarter. Royal Bank of Canada increased its holdings in BGSF by 7.3% in the 3rd quarter. Royal Bank of Canada now owns 15,873 shares of the company’s stock worth $177,000 after acquiring an additional 1,073 shares during the last quarter. Finally, Mariner LLC purchased a new position in BGSF during the 1st quarter valued at about $236,000. 40.46% of the stock is currently owned by institutional investors.

About BGSF

(Get Rating)

BGSF, Inc provides workforce solutions and placement services in the United States. It operates in two segments, Real Estate and Professional. The Real Estate segment offers office and maintenance field talent to various apartment communities and commercial buildings. The Professional segment provides skilled IT professionals with expertise in SAP, Workday, Peoplesoft, Hyperion, Oracle, One Stream, cyber, project management, and other IT workforce solutions, as well as finance, accounting, legal, human resource, and related support personnel.

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