260,756 Shares in TrueBlue, Inc. (NYSE:TBI) Purchased by Peapod Lane Capital LLC

Peapod Lane Capital LLC purchased a new stake in shares of TrueBlue, Inc. (NYSE:TBI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 260,756 shares of the business services provider's stock, valued at approximately $1,385,000. TrueBlue accounts for about 1.6% of Peapod Lane Capital LLC's holdings, making the stock its 25th largest position. Peapod Lane Capital LLC owned about 0.87% of TrueBlue at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TBI. Royce & Associates LP increased its stake in shares of TrueBlue by 40.8% in the fourth quarter. Royce & Associates LP now owns 1,523,193 shares of the business services provider's stock worth $12,795,000 after acquiring an additional 441,108 shares during the period. Nuveen Asset Management LLC lifted its position 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 valued at $4,713,000 after acquiring an additional 406,405 shares in the last quarter. RBF Capital LLC lifted 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 buying an additional 341,136 shares in the last quarter. Advantage Alpha Capital Partners LP acquired a new position in TrueBlue during the fourth quarter worth $1,980,000. Finally, JPMorgan Chase & Co. raised its position in shares of TrueBlue by 99.6% during the 4th quarter. JPMorgan Chase & Co. now owns 218,552 shares of the business services provider's stock valued at $1,836,000 after buying an additional 109,041 shares during the period. Institutional investors own 97.15% of the company's stock.

TrueBlue Trading Down 3.4%

Shares of TrueBlue stock traded down $0.22 on Friday, reaching $6.20. The company had a trading volume of 183,317 shares, compared to its average volume of 238,704. TrueBlue, Inc. has a 52-week low of $3.45 and a 52-week high of $12.29. The firm's 50 day moving average price is $6.03 and its two-hundred day moving average price is $6.20. The firm has a market cap of $185.13 million, a PE ratio of -1.35 and a beta of 1.53. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.80 and a current ratio of 1.80.

TrueBlue (NYSE:TBI - Get Free Report) last released its earnings results on Monday, May 5th. The business services provider reported ($0.40) EPS for the quarter, missing the consensus estimate 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 company had revenue of $370.25 million for the quarter, compared to analyst estimates of $362.37 million. Sell-side analysts predict that TrueBlue, Inc. will post 0.15 earnings per share 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.