Dimensional Fund Advisors LP Sells 107,547 Shares of TrueBlue, Inc. (NYSE:TBI)

Dimensional Fund Advisors LP cut its position in shares of TrueBlue, Inc. (NYSE:TBI - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,553,659 shares of the business services provider's stock after selling 107,547 shares during the period. Dimensional Fund Advisors LP owned about 5.26% of TrueBlue worth $13,050,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Walleye Capital LLC raised its stake in TrueBlue by 52.8% during the fourth quarter. Walleye Capital LLC now owns 43,948 shares of the business services provider's stock worth $369,000 after acquiring an additional 15,186 shares in the last quarter. Barclays PLC increased its stake in shares of TrueBlue by 33.6% in the 4th quarter. Barclays PLC now owns 89,992 shares of the business services provider's stock valued at $756,000 after buying an additional 22,639 shares during the period. Raymond James Financial Inc. bought a new position in shares of TrueBlue in the 4th quarter valued at about $478,000. Invesco Ltd. grew its holdings in TrueBlue by 1.4% during the 4th quarter. Invesco Ltd. now owns 2,032,941 shares of the business services provider's stock worth $17,077,000 after acquiring an additional 27,515 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in TrueBlue by 189.4% in the fourth quarter. Russell Investments Group Ltd. now owns 147,200 shares of the business services provider's stock valued at $1,236,000 after purchasing an additional 96,340 shares during the last quarter. 97.15% of the stock is owned by institutional investors.

Insider Activity at TrueBlue

In other news, CFO Carl Schweihs purchased 10,000 shares of TrueBlue stock in a transaction that occurred on Monday, February 24th. The stock was acquired at an average cost of $6.25 per share, for a total transaction of $62,500.00. Following the purchase, the chief financial officer now directly owns 166,551 shares of the company's stock, valued at $1,040,943.75. This trade represents a 6.39% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Taryn R. Owen acquired 12,735 shares of the stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price of $5.94 per share, for a total transaction of $75,645.90. Following the transaction, the chief executive officer now directly owns 414,932 shares in the company, valued at approximately $2,464,696.08. This trade represents a 3.17% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 25,235 shares of company stock worth $151,271. Company insiders own 5.00% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded TrueBlue from a "sell" rating to a "hold" rating in a report on Sunday, March 2nd.

TrueBlue Stock Performance

TBI stock traded down $0.03 during trading hours on Thursday, reaching $5.28. The stock had a trading volume of 233,229 shares, compared to its average volume of 248,229. The stock has a 50-day simple moving average of $4.90 and a 200 day simple moving average of $6.65. TrueBlue, Inc. has a fifty-two week low of $3.45 and a fifty-two week high of $12.29. The stock has a market capitalization of $157.68 million, a PE ratio of -1.27, a price-to-earnings-growth ratio of 3.01 and a beta of 1.39. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.73 and a quick ratio of 1.85.

TrueBlue (NYSE:TBI - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The business services provider reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.17). TrueBlue had a negative net margin of 8.02% and a negative return on equity of 3.90%. The business had revenue of $370.25 million during the quarter, compared to the consensus estimate of $362.37 million. Analysts predict that TrueBlue, Inc. will post 0.15 EPS for the current fiscal year.

About TrueBlue

TrueBlue, Inc, together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, the United Kingdom, Australia, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The company PeopleReady segment provides general, industrial, and skilled trade contingent staffing services for construction, transportation, manufacturing, retail, hospitality, and renewable energy industries.