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

BGSF (NYSE:BGSF) released its earnings results 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. BGSF had a negative net margin of 11.98% and a negative return on equity of 18.91%.

BGSF Stock Up 0.8%

NYSE BGSF opened at $5.15 on Friday. BGSF has a 52 week low of $3.25 and a 52 week high of $8.22. The company has a market capitalization of $57.89 million, a P/E ratio of -5.15 and a beta of 0.53. The stock’s 50-day moving average price is $6.03 and its 200-day moving average price is $5.27.

Institutional Investors Weigh In On BGSF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BGSF. Vise Technologies Inc. bought a new stake in BGSF during the 4th quarter worth approximately $122,000. Empowered Funds LLC boosted its position in shares of BGSF by 14.2% in the fourth quarter. Empowered Funds LLC now owns 34,350 shares of the company’s stock worth $159,000 after purchasing an additional 4,262 shares during the period. Jane Street Group LLC boosted its position in shares of BGSF by 183.6% in the fourth quarter. Jane Street Group LLC now owns 38,287 shares of the company’s stock worth $177,000 after purchasing an additional 24,787 shares during the period. O Shaughnessy Asset Management LLC increased its stake in shares of BGSF by 89.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 45,484 shares of the company’s stock worth $211,000 after purchasing an additional 21,503 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its stake in shares of BGSF by 4.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 95,550 shares of the company’s stock worth $442,000 after purchasing an additional 4,262 shares in the last quarter. 37.19% of the stock is owned by hedge funds and other institutional investors.

About BGSF

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.