RBF Capital LLC Purchases 341,136 Shares of TrueBlue, Inc. (NYSE:TBI)

RBF Capital LLC grew its holdings in TrueBlue, Inc. (NYSE:TBI - Free Report) by 852.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 381,136 shares of the business services provider's stock after purchasing an additional 341,136 shares during the period. RBF Capital LLC owned about 1.29% of TrueBlue worth $3,202,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in TBI. Royce & Associates LP grew its holdings in TrueBlue by 40.8% during the fourth quarter. Royce & Associates LP now owns 1,523,193 shares of the business services provider's stock worth $12,795,000 after purchasing an additional 441,108 shares during the period. Advantage Alpha Capital Partners LP bought a new position in TrueBlue during the 4th quarter worth $1,980,000. Proficio Capital Partners LLC acquired a new position in TrueBlue during the 4th quarter worth about $978,000. JPMorgan Chase & Co. grew its position in shares of TrueBlue by 99.6% in 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 last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of TrueBlue by 189.4% in the fourth quarter. Russell Investments Group Ltd. now owns 147,200 shares of the business services provider's stock valued at $1,236,000 after buying an additional 96,340 shares during the period. Institutional investors own 97.15% of the company's stock.

TrueBlue Stock Down 2.3 %

Shares of NYSE TBI traded down $0.10 during trading on Monday, hitting $4.19. 23,969 shares of the company traded hands, compared to its average volume of 209,779. The firm has a market capitalization of $124.92 million, a price-to-earnings ratio of -1.01, a P/E/G ratio of 3.01 and a beta of 1.42. The business's fifty day moving average is $5.33 and its 200 day moving average is $6.92. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.85 and a current ratio of 1.73. TrueBlue, Inc. has a fifty-two week low of $3.95 and a fifty-two week high of $12.29.

TrueBlue (NYSE:TBI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The business services provider reported ($0.02) EPS for the quarter, beating analysts' consensus estimates of ($0.16) by $0.14. TrueBlue had a negative return on equity of 3.90% and a negative net margin of 8.02%. The firm had revenue of $385.95 million during the quarter, compared to analysts' expectations of $385.04 million. Equities research analysts predict that TrueBlue, Inc. will post 0.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of TrueBlue from a "sell" rating to a "hold" rating in a report on Sunday, March 2nd.

Insider Activity

In related news, CEO Taryn R. Owen bought 12,735 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average price of $5.94 per share, with a total value of $75,645.90. Following the completion of the transaction, the chief executive officer now directly owns 414,932 shares in the company, valued at approximately $2,464,696.08. This represents a 3.17 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Carl Schweihs purchased 10,000 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average price of $6.25 per share, with a total value of $62,500.00. Following the acquisition, the chief financial officer now directly owns 166,551 shares of the company's stock, valued at $1,040,943.75. This represents a 6.39 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 25,235 shares of company stock worth $151,271 over the last three months. 5.00% of the stock is currently owned by insiders.

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.