BGSF (NYSE:BGSF) Issues Earnings Results

Key Points

• BGSF reported quarterly earnings of -$0.13 per share, missing analysts’ estimate of -$0.12, while revenue came in at $20.88 million, just below expectations of $21.00 million.
• The company continues to show weak profitability, with a negative net margin of 11.98% and a negative return on equity of 17.95%.
• Shares traded around $5.19 after the report, giving BGSF a market cap of about $58.38 million; institutional investors currently own 37.19% of the stock.

BGSF (NYSE:BGSF - Get Free Report) announced its earnings results on Wednesday. The company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.01), Zacks reports. The company had revenue of $20.88 million for the quarter, compared to analysts' expectations of $21.00 million. BGSF had a negative net margin of 11.98% and a negative return on equity of 17.95%.

BGSF Price Performance

Shares of BGSF traded down $0.01 during trading hours on Friday, hitting $5.19. The stock had a trading volume of 11,527 shares, compared to its average volume of 17,301. The firm has a market capitalization of $58.38 million, a PE ratio of -5.19 and a beta of 0.53. BGSF has a 12 month low of $3.25 and a 12 month high of $8.22. The stock has a fifty day moving average price of $6.11 and a 200 day moving average price of $5.21.

Institutional Investors Weigh In On BGSF

Large investors have recently made changes to their positions in the company. Vise Technologies Inc. bought a new position in shares of BGSF in the 4th quarter worth approximately $122,000. Empowered Funds LLC grew its position in BGSF by 14.2% during the fourth 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 during the period. Jane Street Group LLC increased its holdings in BGSF by 183.6% during the fourth 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 increased its holdings in BGSF by 89.7% during the fourth 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 position in 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 acquiring an additional 4,262 shares during the period. 37.19% of the stock is currently owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.