BGSF (NYSE:BGSF) Raised to Hold at Wall Street Zen

Key Points

• BGSF has been upgraded to a "hold" rating by Wall Street Zen, while Taglich Brothers has raised its rating from "moderate buy" to "strong-buy."
• The company's stock opened at $5.90, with a market cap of $65.80 million and a negative earnings per share of ($0.07) reported last quarter.
• Institutional investors own 37.19% of BGSF's stock, with notable increases in stakes from firms like Bridge City Capital and FNY Investment Advisers.

Wall Street Zen upgraded shares of BGSF (NYSE:BGSF - Free Report) to a hold rating in a report released on Saturday.

Separately, Taglich Brothers raised BGSF from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, June 23rd.

BGSF Stock Performance

BGSF traded down $0.24 on Friday, hitting $5.73. 27,798 shares of the company's stock were exchanged, compared to its average volume of 56,696. BGSF has a twelve month low of $2.91 and a twelve month high of $9.06. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.49. The firm has a market cap of $63.90 million, a PE ratio of -10.09 and a beta of 1.21. The stock has a fifty day moving average of $5.96 and a two-hundred day moving average of $4.74.

Institutional Investors Weigh In On BGSF

Several large investors have recently modified their holdings of BGSF. Dimensional Fund Advisors LP lifted its position in BGSF by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 316,105 shares of the company's stock worth $1,657,000 after buying an additional 7,592 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in shares of BGSF during the 4th quarter valued at $29,000. Northern Trust Corp raised its holdings in shares of BGSF by 43.8% during the 4th quarter. Northern Trust Corp now owns 37,675 shares of the company's stock valued at $197,000 after purchasing an additional 11,483 shares in the last quarter. Millennium Management LLC bought a new position in shares of BGSF during the 4th quarter valued at $60,000. Finally, Bridge City Capital LLC raised its holdings in shares of BGSF by 10.8% during the 1st quarter. Bridge City Capital LLC now owns 52,051 shares of the company's stock valued at $192,000 after purchasing an additional 5,055 shares in the last quarter. 37.19% of the stock is owned by institutional investors.

About BGSF

BGSF, Inc, together with its subsidiaries, provides consulting, managed services, and professional workforce solutions in the United States. It operates in two segments, Property Management and Professional. The Property Management segment offers office and maintenance field talent to various apartment communities and commercial buildings.