BGSF, Inc. (NYSE:BGSF) Short Interest Update

BGSF, Inc. (NYSE:BGSF - Get Free Report) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 32,400 shares, a drop of 7.7% from the March 15th total of 35,100 shares. Based on an average daily volume of 13,200 shares, the short-interest ratio is currently 2.5 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Trading of BGSF

Several institutional investors and hedge funds have recently bought and sold shares of BGSF. Geode Capital Management LLC increased its holdings in shares of BGSF by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 80,642 shares of the company's stock valued at $1,235,000 after purchasing an additional 968 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of BGSF by 7.3% during the 3rd quarter. Royal Bank of Canada now owns 15,873 shares of the company's stock valued at $177,000 after purchasing an additional 1,073 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of BGSF by 1.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 83,475 shares of the company's stock valued at $928,000 after purchasing an additional 1,176 shares in the last quarter. Perritt Capital Management Inc. increased its holdings in BGSF by 1.9% in the 3rd quarter. Perritt Capital Management Inc. now owns 65,156 shares of the company's stock worth $626,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Advisor Group Holdings Inc. increased its holdings in BGSF by 107.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,946 shares of the company's stock worth $39,000 after acquiring an additional 1,524 shares in the last quarter. 37.19% of the stock is currently owned by institutional investors and hedge funds.

BGSF Trading Down 0.6 %

NYSE BGSF traded down $0.06 on Tuesday, hitting $9.20. 11,461 shares of the company's stock traded hands, compared to its average volume of 12,682. BGSF has a 1-year low of $8.85 and a 1-year high of $11.70. The firm's 50-day moving average price is $9.90 and its two-hundred day moving average price is $9.71. The firm has a market capitalization of $100.56 million, a PE ratio of -9.68 and a beta of 1.68.

BGSF (NYSE:BGSF - Get Free Report) last announced its quarterly earnings data on Wednesday, March 13th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.06 by $0.05. BGSF had a negative net margin of 3.26% and a positive return on equity of 9.40%. The business had revenue of $73.57 million during the quarter, compared to analysts' expectations of $75.05 million. On average, research analysts anticipate that BGSF will post 0.82 earnings per share for the current fiscal year.

BGSF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 20th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 6.52%. The ex-dividend date was Friday, February 16th. BGSF's payout ratio is -63.16%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of BGSF from a "hold" rating to a "buy" rating in a research note on Monday, March 18th.

About BGSF

BGSF, Inc, together with its subsidiaries, provides consulting, managed services, and professional workforce solutions in the United States. It operates in two segments, Property Management and Professional. The Property Management segment offers office and maintenance field talent to various apartment communities and commercial buildings.

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