BG Staffing (NYSEAMERICAN:BGSF) Upgraded by Zacks Investment Research to “Buy”
Zacks Investment Research upgraded shares of BG Staffing (NYSEAMERICAN:BGSF) from a hold rating to a buy rating in a report published on Tuesday, Zacks.com reports. Zacks Investment Research currently has $23.00 price target on the business services provider’s stock.
According to Zacks, “BG Staffing, Inc. is a national provider of temporary staffing services across a diverse set of industries. Its present business segments offer temp services in the Multi-Family, Professional and Commercial sectors. In the Multi-Family segment BG offers temporary workers that perform front office and maintenance personnel in 18 states (Nevada, Arizona, Colorado, Kansas, Oklahoma, Texas, Missouri, Wisconsin, Illinois, Tennessee, Georgia, Florida, N. Carolina, Virginia, Maryland, Pennsylvania, Massachusetts, Rhode Island); temporary skilled contract labor for Finance & Accounting and also for IT implementation and maintenance projects nationwide from offices in 5 states (Texas, Louisiana, N. Carolina, Maryland, Rhode Island); temp labor services in various skilled and unskilled positions to primarily distribution and logistics customers in its Commercial segment in 5 states (Texas, Wisconsin, Illinois, Tennessee, Mississippi). BG Staffing, Inc. is headquartered in Plano, Texas. “
NYSEAMERICAN:BGSF opened at $20.88 on Tuesday. The company has a 50-day moving average price of $18.75 and a 200-day moving average price of $19.92. BG Staffing has a 12 month low of $15.91 and a 12 month high of $28.01.
The business also recently disclosed a dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, November 11th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 7th.
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its position in BG Staffing by 18.3% in the 2nd quarter. BlackRock Inc. now owns 653,982 shares of the business services provider’s stock worth $12,347,000 after buying an additional 101,176 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of BG Staffing by 146.2% in the 2nd quarter. AQR Capital Management LLC now owns 138,623 shares of the business services provider’s stock worth $2,617,000 after buying an additional 82,315 shares during the last quarter. Polaris Capital Management LLC bought a new stake in shares of BG Staffing in the third quarter worth $1,127,000. Cadence Capital Management LLC grew its holdings in shares of BG Staffing by 69.7% in the second quarter. Cadence Capital Management LLC now owns 127,225 shares of the business services provider’s stock worth $2,402,000 after acquiring an additional 52,248 shares during the period. Finally, Wells Fargo & Company MN increased its position in BG Staffing by 76.1% during the second quarter. Wells Fargo & Company MN now owns 98,252 shares of the business services provider’s stock valued at $1,855,000 after acquiring an additional 42,450 shares during the last quarter.
BG Staffing Company Profile
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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