Deutsche Bank AG Has $448,000 Stake in BG Staffing Inc (NYSEAMERICAN:BGSF)

Deutsche Bank AG lessened its position in shares of BG Staffing Inc (NYSEAMERICAN:BGSF) by 13.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,774 shares of the business services provider’s stock after selling 3,459 shares during the period. Deutsche Bank AG owned approximately 0.21% of BG Staffing worth $448,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. American Century Companies Inc. lifted its stake in shares of BG Staffing by 59.7% in the fourth quarter. American Century Companies Inc. now owns 246,826 shares of the business services provider’s stock worth $5,097,000 after acquiring an additional 92,235 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of BG Staffing by 7.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 166,964 shares of the business services provider’s stock worth $3,448,000 after acquiring an additional 11,303 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of BG Staffing in the fourth quarter worth about $322,000. Bank of America Corp DE lifted its stake in shares of BG Staffing by 7.7% in the fourth quarter. Bank of America Corp DE now owns 9,216 shares of the business services provider’s stock worth $190,000 after acquiring an additional 660 shares in the last quarter. Finally, Mackay Shields LLC lifted its stake in shares of BG Staffing by 73.0% in the fourth quarter. Mackay Shields LLC now owns 26,466 shares of the business services provider’s stock worth $547,000 after acquiring an additional 11,166 shares in the last quarter.

Separately, Zacks Investment Research cut BG Staffing from a “hold” rating to a “sell” rating in a research note on Monday, March 18th.

Shares of NYSEAMERICAN BGSF traded down $0.24 during mid-day trading on Friday, reaching $17.65. The company had a trading volume of 44,784 shares, compared to its average volume of 65,487. BG Staffing Inc has a 1-year low of $15.91 and a 1-year high of $29.59.

BG Staffing (NYSEAMERICAN:BGSF) last issued its earnings results on Thursday, May 9th. The business services provider reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.05). The company had revenue of $68.78 million during the quarter, compared to analyst estimates of $69.65 million.

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

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