TIAA CREF Investment Management LLC bought a new stake in shares of BG Staffing Inc (NYSEAMERICAN:BGSF) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 16,844 shares of the business services provider’s stock, valued at approximately $293,000. TIAA CREF Investment Management LLC owned about 0.19% of BG Staffing as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in the business. JPMorgan Chase & Co. increased its holdings in BG Staffing by 110.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 14,418 shares of the business services provider’s stock valued at $251,000 after purchasing an additional 7,559 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of BG Staffing by 7.5% during the second quarter. Acadian Asset Management LLC now owns 133,468 shares of the business services provider’s stock valued at $2,318,000 after acquiring an additional 9,362 shares in the last quarter. Schwab Charles Investment Management Inc. acquired a new stake in shares of BG Staffing during the second quarter valued at about $192,000. Wells Fargo & Company MN grew its stake in shares of BG Staffing by 20.5% during the second quarter. Wells Fargo & Company MN now owns 70,604 shares of the business services provider’s stock valued at $1,227,000 after acquiring an additional 12,029 shares in the last quarter. Finally, Teachers Advisors LLC acquired a new stake in shares of BG Staffing during the second quarter valued at about $233,000.
Separately, Zacks Investment Research downgraded BG Staffing from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd.
Shares of BG Staffing Inc (NYSEAMERICAN:BGSF) traded down $0.22 during trading hours on Friday, hitting $15.87. 13,555 shares of the company’s stock were exchanged, compared to its average volume of 26,087. BG Staffing Inc has a 52 week low of $12.84 and a 52 week high of $18.84.
BG Staffing (NYSEAMERICAN:BGSF) last released its quarterly earnings data on Monday, October 30th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.03). BG Staffing had a net margin of 3.32% and a return on equity of 22.69%. The business had revenue of $71.28 million during the quarter, compared to analyst estimates of $77.70 million.
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BG Staffing Company Profile
BG Staffing, Inc (BG Staffing) is a provider of temporary staffing services. The Company provides temporary workers to a range of customers that are seeking to match their workforce requirements to their business needs. Its customers operate across a diverse set of industries. The Company’s operations are organized into three segments: Commercial, Multifamily and Professional.
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