Peapod Lane Capital LLC Purchases Shares of 260,756 TrueBlue, Inc. (NYSE:TBI)

Peapod Lane Capital LLC purchased a new position in TrueBlue, Inc. (NYSE:TBI - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 260,756 shares of the business services provider's stock, valued at approximately $1,385,000. TrueBlue accounts for 1.6% of Peapod Lane Capital LLC's holdings, making the stock its 25th largest position. Peapod Lane Capital LLC owned approximately 0.87% of TrueBlue as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Royce & Associates LP increased its position in shares of TrueBlue by 40.8% during the fourth quarter. Royce & Associates LP now owns 1,523,193 shares of the business services provider's stock valued at $12,795,000 after purchasing an additional 441,108 shares during the period. Nuveen Asset Management LLC increased its position in shares of TrueBlue by 262.7% during the fourth quarter. Nuveen Asset Management LLC now owns 561,093 shares of the business services provider's stock valued at $4,713,000 after purchasing an additional 406,405 shares during the period. RBF Capital LLC increased its position in shares of TrueBlue by 852.8% during the fourth quarter. RBF Capital LLC now owns 381,136 shares of the business services provider's stock valued at $3,202,000 after purchasing an additional 341,136 shares during the period. Advantage Alpha Capital Partners LP bought a new stake in shares of TrueBlue during the fourth quarter valued at approximately $1,980,000. Finally, JPMorgan Chase & Co. increased its position in shares of TrueBlue by 99.6% during the fourth quarter. JPMorgan Chase & Co. now owns 218,552 shares of the business services provider's stock valued at $1,836,000 after purchasing an additional 109,041 shares during the period. 97.15% of the stock is owned by institutional investors.

TrueBlue Stock Performance

Shares of TBI traded down $0.22 on Friday, reaching $6.20. 183,317 shares of the stock traded hands, compared to its average volume of 238,661. The firm has a market cap of $185.13 million, a price-to-earnings ratio of -1.35 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. TrueBlue, Inc. has a 12 month low of $3.45 and a 12 month high of $12.29. The stock's 50-day moving average price is $6.03 and its 200-day moving average price is $6.22.

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 analysts' consensus estimates of ($0.23) by ($0.17). TrueBlue had a negative net margin of 9.02% and a negative return on equity of 8.25%. The firm had revenue of $370.25 million for the quarter, compared to the consensus estimate of $362.37 million. Equities analysts forecast that TrueBlue, Inc. will post 0.15 EPS for the current fiscal year.

TrueBlue Company 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.