GSA Capital Partners LLP Boosts Stake in TrueBlue, Inc. (NYSE:TBI)

GSA Capital Partners LLP boosted its holdings in shares of TrueBlue, Inc. (NYSE:TBI - Free Report) by 527.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 287,625 shares of the business services provider's stock after purchasing an additional 241,777 shares during the quarter. GSA Capital Partners LLP owned approximately 0.96% of TrueBlue worth $1,527,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TBI. Nuveen Asset Management LLC boosted its stake in shares of TrueBlue by 262.7% in the fourth quarter. Nuveen Asset Management LLC now owns 561,093 shares of the business services provider's stock worth $4,713,000 after acquiring an additional 406,405 shares during the last quarter. Royce & Associates LP boosted its stake in shares of TrueBlue by 23.5% in the first quarter. Royce & Associates LP now owns 1,880,732 shares of the business services provider's stock worth $9,987,000 after acquiring an additional 357,539 shares during the last quarter. RBF Capital LLC boosted its stake in shares of TrueBlue by 852.8% in the fourth quarter. RBF Capital LLC now owns 381,136 shares of the business services provider's stock worth $3,202,000 after acquiring an additional 341,136 shares during the last quarter. Peapod Lane Capital LLC acquired a new stake in shares of TrueBlue in the first quarter worth approximately $1,385,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of TrueBlue by 99.6% in the fourth quarter. JPMorgan Chase & Co. now owns 218,552 shares of the business services provider's stock worth $1,836,000 after acquiring an additional 109,041 shares during the last quarter. Hedge funds and other institutional investors own 97.15% of the company's stock.

TrueBlue Price Performance

Shares of NYSE:TBI traded down $0.57 during trading on Friday, reaching $6.65. The stock had a trading volume of 218,873 shares, compared to its average volume of 185,380. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.80 and a current ratio of 1.80. The business has a fifty day moving average price of $6.62 and a 200-day moving average price of $6.14. The stock has a market cap of $198.60 million, a PE ratio of -1.45 and a beta of 1.53. TrueBlue, Inc. has a 1-year low of $3.45 and a 1-year high of $11.44.

TrueBlue (NYSE:TBI - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The business services provider reported ($0.40) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.17). The firm had revenue of $370.25 million during the quarter, compared to analyst estimates of $362.37 million. TrueBlue had a negative return on equity of 8.25% and a negative net margin of 9.02%. On average, equities analysts forecast that TrueBlue, Inc. will post 0.15 earnings per share for the current fiscal year.

TrueBlue Profile

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.