GSA Capital Partners LLP Increases 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 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 287,625 shares of the business services provider's stock after buying an additional 241,777 shares during the period. GSA Capital Partners LLP owned approximately 0.96% of TrueBlue worth $1,527,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Peapod Lane Capital LLC bought a new position in TrueBlue during the first quarter valued at about $1,385,000. Bank of America Corp DE boosted its position in TrueBlue by 143.0% during the fourth quarter. Bank of America Corp DE now owns 77,327 shares of the business services provider's stock worth $650,000 after purchasing an additional 45,509 shares during the period. Pzena Investment Management LLC boosted its position in TrueBlue by 1.7% during the first quarter. Pzena Investment Management LLC now owns 2,835,167 shares of the business services provider's stock worth $15,055,000 after purchasing an additional 46,539 shares during the period. Raymond James Financial Inc. bought a new position in TrueBlue during the fourth quarter worth about $478,000. Finally, Invesco Ltd. boosted its position in TrueBlue by 1.4% during the fourth quarter. Invesco Ltd. now owns 2,032,941 shares of the business services provider's stock worth $17,077,000 after purchasing an additional 27,515 shares during the period. Institutional investors and hedge funds own 97.15% of the company's stock.

TrueBlue Stock Performance

NYSE:TBI traded down $0.57 on Friday, reaching $6.65. 218,873 shares of the company's stock were exchanged, compared to its average volume of 252,478. TrueBlue, Inc. has a 52 week low of $3.45 and a 52 week high of $11.44. The firm has a market cap of $198.57 million, a price-to-earnings ratio of -1.45 and a beta of 1.53. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.80 and a quick ratio of 1.80. The stock has a fifty day simple moving average of $6.60 and a 200-day simple moving average of $6.14.

TrueBlue (NYSE:TBI - Get Free Report) last announced 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). TrueBlue had a negative return on equity of 8.25% and a negative net margin of 9.02%. The firm had revenue of $370.25 million during the quarter, compared to analysts' expectations of $362.37 million. As a group, sell-side analysts predict that TrueBlue, Inc. will post 0.15 earnings per share for the current 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.