BGSF, Inc. $BGSF Shares Purchased by Sei Investments Co.

Sei Investments Co. lifted its holdings in BGSF, Inc. (NYSE:BGSF) by 105.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 281,596 shares of the company’s stock after purchasing an additional 144,820 shares during the quarter. Sei Investments Co.’s holdings in BGSF were worth $1,822,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of BGSF. Walleye Capital LLC purchased a new position in BGSF during the first quarter worth approximately $215,000. Empowered Funds LLC lifted its position in shares of BGSF by 14.2% during the 4th quarter. Empowered Funds LLC now owns 34,350 shares of the company’s stock valued at $159,000 after buying an additional 4,262 shares in the last quarter. 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 acquiring an additional 24,787 shares during the period. Vanguard Group Inc. grew its stake in BGSF by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 537,706 shares of the company’s stock valued at $3,818,000 after acquiring an additional 10,546 shares during the period. Finally, Bridgeway Capital Management LLC increased 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 worth $648,000 after acquiring an additional 25,088 shares in the last quarter. Institutional investors and hedge funds own 37.19% of the company’s stock.

BGSF Stock Performance

NYSE:BGSF opened at $5.59 on Monday. BGSF, Inc. has a one year low of $3.25 and a one year high of $8.22. The stock has a market cap of $59.61 million, a PE ratio of -7.55 and a beta of 0.46. The stock has a 50 day moving average price of $5.49 and a 200 day moving average price of $5.72.

BGSF (NYSE:BGSF) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.28). The company had revenue of $22.31 million for the quarter, compared to analyst estimates of $24.50 million. BGSF had a negative return on equity of 13.69% and a negative net margin of 8.99%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of BGSF in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, BGSF currently has an average rating of “Reduce”.

BGSF 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.