North Star Investment Management Corp. Has $9.09 Million Stake in BGSF, Inc. (NYSE:BGSF)

North Star Investment Management Corp. boosted its stake in BGSF, Inc. (NYSE:BGSF – Get Rating) by 4.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 593,023 shares of the company’s stock after buying an additional 25,600 shares during the period. BGSF accounts for approximately 0.8% of North Star Investment Management Corp.’s holdings, making the stock its 22nd largest position. North Star Investment Management Corp. owned 0.06% of BGSF worth $9,085,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Advisor Group Holdings Inc. boosted its stake in BGSF by 107.2% in the first quarter. Advisor Group Holdings Inc. now owns 2,946 shares of the company’s stock worth $39,000 after purchasing an additional 1,524 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in BGSF in the third quarter worth $82,000. UBS Group AG boosted its stake in BGSF by 3,816.9% in the third quarter. UBS Group AG now owns 13,474 shares of the company’s stock worth $150,000 after purchasing an additional 13,130 shares in the last quarter. Royal Bank of Canada raised its position in shares of BGSF by 7.3% during the third quarter. Royal Bank of Canada now owns 15,873 shares of the company’s stock worth $177,000 after acquiring an additional 1,073 shares during the last quarter. Finally, Mariner LLC bought a new stake in shares of BGSF during the first quarter worth $236,000. Institutional investors and hedge funds own 40.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on BGSF shares. TheStreet upgraded BGSF from a “c+” rating to a “b” rating in a research report on Monday, November 21st. StockNews.com started coverage on BGSF in a research report on Thursday. They set a “hold” rating for the company.

BGSF Trading Down 3.3 %

NYSE BGSF opened at $10.55 on Friday. The stock has a 50-day simple moving average of $14.57 and a 200 day simple moving average of $13.38. The company has a market capitalization of $110.78 million, a PE ratio of 4.43, a P/E/G ratio of 0.40 and a beta of 1.79. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.28. BGSF, Inc. has a 12 month low of $10.30 and a 12 month high of $16.02.

BGSF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 2nd. Investors of record on Thursday, February 23rd were issued a $0.15 dividend. The ex-dividend date was Wednesday, February 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 5.69%. BGSF’s dividend payout ratio is presently 25.21%.

BGSF Profile

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BGSF, Inc engages in the provision of staffing services. It operates through the following segments: Real Estate, Professional, and Light Industrial. The Real Estate segment provides office and maintenance field talent to apartment communities and commercial buildings. The Professional segment provides IT professionals with expertise in SAP, Workday, Olik View, Hyperion, Oracle, project management and other IT staffing skills to client partners on a national basis.