BGSF (NYSE:BGSF) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

BGSF (NYSE:BGSF) released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.01), Zacks reports. The firm had revenue of $20.88 million for the quarter, compared to analyst estimates of $21.00 million. BGSF had a negative return on equity of 18.91% and a negative net margin of 11.98%.

BGSF Stock Performance

BGSF stock opened at $5.21 on Monday. The stock has a 50-day simple moving average of $5.68 and a 200 day simple moving average of $5.45. The stock has a market capitalization of $55.85 million, a P/E ratio of -5.21 and a beta of 0.48. BGSF has a 52 week low of $3.25 and a 52 week high of $8.22.

Institutional Trading of BGSF

A number of hedge funds have recently made changes to their positions in the business. Vise Technologies Inc. bought a new stake in BGSF in the 4th quarter valued at $122,000. Empowered Funds LLC boosted its holdings in shares of BGSF by 14.2% during the 4th quarter. Empowered Funds LLC now owns 34,350 shares of the company’s stock worth $159,000 after buying an additional 4,262 shares during the period. Jane Street Group LLC grew its stake in BGSF by 183.6% in the 4th quarter. Jane Street Group LLC now owns 38,287 shares of the company’s stock valued at $177,000 after buying an additional 24,787 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in BGSF by 89.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 45,484 shares of the company’s stock valued at $211,000 after buying an additional 21,503 shares during the last quarter. Finally, Bridgeway Capital Management LLC raised its holdings in BGSF by 37.9% in the 3rd quarter. Bridgeway Capital Management LLC now owns 91,288 shares of the company’s stock valued at $648,000 after acquiring an additional 25,088 shares during the period. 37.19% of the stock is owned by institutional investors and hedge funds.

BGSF Company Profile

BGSF, Inc (NYSE:BGSF) is a provider of comprehensive workforce management and professional staffing services. The company specializes in designing and administering programs that help organizations optimize their contingent labor, direct hire recruiting and managed service solutions. Through an integrated approach, BGSF delivers end-to-end support that encompasses the planning, deployment and oversight of talent across multiple business functions.

BGSF’s service offerings include strategic workforce planning, vendor management, compliance and risk management, onboarding, timekeeping and payroll administration.