Globeflex Capital L P Grows Holdings in BG Staffing Inc (BGSF)

Globeflex Capital L P boosted its holdings in BG Staffing Inc (NYSEAMERICAN:BGSF) by 453.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,000 shares of the business services provider’s stock after purchasing an additional 21,300 shares during the quarter. Globeflex Capital L P owned approximately 0.26% of BG Staffing worth $707,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in BG Staffing by 83.2% in the second quarter. Bank of America Corp DE now owns 5,995 shares of the business services provider’s stock worth $139,000 after purchasing an additional 2,722 shares during the period. Bank of Montreal Can acquired a new position in BG Staffing in the second quarter worth $191,000. First Trust Advisors LP acquired a new position in BG Staffing in the second quarter worth $214,000. Financial Gravity Wealth Inc. acquired a new position in BG Staffing in the third quarter worth $224,000. Finally, Bessemer Group Inc. boosted its holdings in BG Staffing by 79.5% in the second quarter. Bessemer Group Inc. now owns 13,100 shares of the business services provider’s stock worth $305,000 after purchasing an additional 5,800 shares during the period.

Shares of BG Staffing stock opened at $23.90 on Friday. BG Staffing Inc has a 52 week low of $15.25 and a 52 week high of $29.59.

BG Staffing (NYSEAMERICAN:BGSF) last issued its quarterly earnings results on Tuesday, October 30th. The business services provider reported $0.49 EPS for the quarter, topping the consensus estimate of $0.41 by $0.08. The business had revenue of $77.06 million during the quarter, compared to the consensus estimate of $76.39 million.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 13th. Shareholders of record on Monday, November 5th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, November 2nd. This represents a $1.20 annualized dividend and a yield of 5.02%.

In other BG Staffing news, Director Richard L. Baum, Jr. sold 1,598 shares of BG Staffing stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $28.00, for a total transaction of $44,744.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider L. Allen Jr. Baker sold 87,956 shares of BG Staffing stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $24.12, for a total value of $2,121,498.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 204,976 shares of company stock worth $5,282,536.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of BG Staffing from a “hold” rating to a “strong-buy” rating and set a $30.00 price target for the company in a report on Thursday, November 1st. Taglich Brothers reissued a “speculative buy” rating on shares of BG Staffing in a report on Tuesday, November 6th.

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BG Staffing Company Profile

BG Staffing, Inc provides temporary staffing services in the United States. It operates in three segments: Multifamily, Professional, and Commercial. The Multifamily segment offers temporary front office and maintenance personnel to the various apartment communities. The Professional segment provides skilled temporary IT professionals with expertise in SAP, Workday, Olik View, Hyperion, Oracle, project management, and other IT staffing skills, as well as finance, accounting, and related support personnel.

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Institutional Ownership by Quarter for BG Staffing (NYSEAMERICAN:BGSF)

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