DAVENPORT & Co LLC Makes New Investment in BGSF, Inc. (NYSE:BGSF)

DAVENPORT & Co LLC acquired a new position in BGSF, Inc. (NYSE:BGSFGet Rating) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 32,400 shares of the company’s stock, valued at approximately $465,000.

Other institutional investors also recently bought and sold shares of the company. Wilen Investment Management CORP. bought a new position in shares of BGSF during the 3rd quarter worth approximately $27,000. Marshall Wace LLP bought a new position in shares of BGSF during the 1st quarter worth approximately $220,000. Acadian Asset Management LLC bought a new position in shares of BGSF during the 4th quarter worth approximately $170,000. Royal Bank of Canada raised its position in BGSF by 14.9% in the 2nd quarter. Royal Bank of Canada now owns 12,822 shares of the company’s stock valued at $158,000 after purchasing an additional 1,663 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in BGSF by 6.5% in the third quarter. Commonwealth Equity Services LLC now owns 16,078 shares of the company’s stock worth $205,000 after purchasing an additional 982 shares in the last quarter. Institutional investors and hedge funds own 41.91% of the company’s stock.

BGSF has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on BGSF in a research note on Thursday, May 5th. They issued a “buy” rating on the stock. Zacks Investment Research lowered BGSF from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 15th.

Shares of BGSF traded down $0.59 during trading hours on Thursday, hitting $12.12. 12,836 shares of the stock traded hands, compared to its average volume of 17,964. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.47. BGSF, Inc. has a 1-year low of $11.45 and a 1-year high of $15.65. The firm has a market capitalization of $126.87 million, a PE ratio of 4.39, a price-to-earnings-growth ratio of 0.56 and a beta of 2.20. The business has a fifty day moving average of $12.87 and a 200-day moving average of $13.60.

BGSF (NYSE:BGSFGet Rating) last issued its quarterly earnings results on Wednesday, April 27th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.11. BGSF had a return on equity of 20.18% and a net margin of 9.96%. During the same quarter last year, the firm earned $0.16 EPS. As a group, equities research analysts expect that BGSF, Inc. will post 1.16 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 24th. Stockholders of record on Tuesday, May 17th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.95%. The ex-dividend date of this dividend is Monday, May 16th. BGSF’s dividend payout ratio (DPR) is presently 21.74%.

In related news, Director Douglas Hailey acquired 20,000 shares of the company’s stock in a transaction that occurred on Monday, May 2nd. The stock was acquired at an average price of $12.68 per share, for a total transaction of $253,600.00. Following the completion of the acquisition, the director now owns 149,820 shares of the company’s stock, valued at approximately $1,899,717.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director C. David Allen, Jr. acquired 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 4th. The stock was bought at an average price of $13.27 per share, with a total value of $39,810.00. Following the acquisition, the director now directly owns 22,851 shares of the company’s stock, valued at approximately $303,232.77. The disclosure for this purchase can be found here. Corporate insiders own 5.60% of the company’s stock.

BGSF Profile (Get Rating)

BGSF, Inc provides workforce solutions and placement services in the United States. It operates in two segments, Real Estate and Professional. The Real Estate segment offers office and maintenance field talent to various apartment communities and commercial buildings. The Professional segment provides skilled IT professionals with expertise in SAP, Workday, Peoplesoft, Hyperion, Oracle, One Stream, cyber, project management, and other IT workforce solutions, as well as finance, accounting, legal, human resource, and related support personnel.

Featured Stories

Want to see what other hedge funds are holding BGSF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BGSF, Inc. (NYSE:BGSFGet Rating).

Institutional Ownership by Quarter for BGSF (NYSE:BGSF)

Receive News & Ratings for BGSF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BGSF and related companies with MarketBeat.com's FREE daily email newsletter.