Panagora Asset Management Inc. Sells 10,060 Shares of BG Staffing Inc (NYSEAMERICAN:BGSF)
Panagora Asset Management Inc. decreased its position in BG Staffing Inc (NYSEAMERICAN:BGSF) by 37.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,881 shares of the business services provider’s stock after selling 10,060 shares during the quarter. Panagora Asset Management Inc. owned 0.17% of BG Staffing worth $318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA increased its position in shares of BG Staffing by 1,326.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,754 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 1,631 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of BG Staffing by 28.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,727 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 610 shares during the last quarter. Bank of America Corp DE increased its position in shares of BG Staffing by 7.7% during the 4th quarter. Bank of America Corp DE now owns 9,216 shares of the business services provider’s stock valued at $190,000 after purchasing an additional 660 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of BG Staffing during the 2nd quarter valued at approximately $193,000. Finally, Marshall Wace LLP bought a new position in shares of BG Staffing during the 1st quarter valued at approximately $220,000.
Shares of BGSF stock traded up $0.11 during mid-day trading on Friday, hitting $19.52. The stock had a trading volume of 187 shares, compared to its average volume of 67,637. BG Staffing Inc has a 12-month low of $15.91 and a 12-month high of $28.51.
The firm also recently declared a dividend, which was paid on Monday, August 19th. Shareholders of record on Monday, August 12th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, August 9th.
Separately, Zacks Investment Research downgraded BG Staffing from a “buy” rating to a “hold” rating in a research report on Friday, August 16th.
About BG Staffing
BG Staffing, Inc provides temporary staffing services in the United States. It operates through three segments: Real Estate, Professional, and Light Industrial. The Real Estate segment offers office and maintenance personnel to the various apartment communities and commercial buildings. The Professional segment provides skilled IT professionals with expertise in SAP, Workday, Olik View, Hyperion, Oracle, project management, and other IT staffing skills, as well as finance, accounting, legal, and related support personnel.
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