Financial Gravity Wealth Inc. bought a new stake in BG Staffing Inc (NYSEAMERICAN:BGSF) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 9,515 shares of the business services provider’s stock, valued at approximately $224,000. Financial Gravity Wealth Inc. owned about 0.09% of BG Staffing as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently modified their holdings of BGSF. Globeflex Capital L P acquired a new stake in BG Staffing in the 2nd quarter valued at about $109,000. Bank of America Corp DE lifted its stake in BG Staffing by 83.2% in the 2nd quarter. Bank of America Corp DE now owns 5,995 shares of the business services provider’s stock valued at $139,000 after purchasing an additional 2,722 shares during the last quarter. Bank of Montreal Can acquired a new stake in BG Staffing in the 2nd quarter valued at about $191,000. First Trust Advisors LP acquired a new stake in BG Staffing in the 2nd quarter valued at about $214,000. Finally, Bessemer Group Inc. lifted its stake in BG Staffing by 79.5% in the 2nd quarter. Bessemer Group Inc. now owns 13,100 shares of the business services provider’s stock valued at $305,000 after purchasing an additional 5,800 shares during the last quarter.
Separately, Zacks Investment Research downgraded shares of BG Staffing from a “buy” rating to a “hold” rating in a research report on Wednesday, October 3rd.
BG Staffing (NYSEAMERICAN:BGSF) last posted its earnings results on Tuesday, October 30th. The business services provider reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.08. The firm had revenue of $77.06 million for the quarter, compared to analysts’ expectations of $76.39 million. BG Staffing had a net margin of 4.40% and a return on equity of 30.25%.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 13th. Investors of record on Monday, November 5th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, November 2nd. This represents a $1.20 annualized dividend and a dividend yield of 4.64%.
In related news, Director C. David Allen, Jr. sold 3,750 shares of the business’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $27.84, for a total value of $104,400.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard L. Baum, Jr. sold 1,598 shares of the business’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $28.00, for a total transaction of $44,744.00. The disclosure for this sale can be found here. In the last three months, insiders sold 225,406 shares of company stock worth $5,853,197.
About BG Staffing
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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