Today it was reported that the CFO & Sec of BG Staffing (BGSF – Research Report), Hollenbach Dan, exercised options to buy 7,500 BGSF shares at $11.07 a share, for a total transaction value of $83.03K.
Following this transaction Hollenbach Dan’s holding in the company was increased by 14.33% to a total of $1.56 million. In addition to Hollenbach Dan, one other BGSF executive reported Buy trades in the last month.
Based on BG Staffing’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $77.06 million and quarterly net profit of $5.06 million. In comparison, last year the company earned revenue of $71.28 million and had a net profit of $3.14 million. BGSF’s market cap is $264M and the company has a P/E ratio of 21.66. Currently, BG Staffing has an average volume of 36.3K.
Starting in March 2018, BGSF received 5 Buy ratings in a row.
The insider sentiment on BG Staffing has been negative according to 31 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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BG Staffing, Inc. engages in the provision of staffing services. It operates through the following segments: Commercial, Multifamily, and Professional. The Commercial segment provides primarily to logistics, distribution, and call center customers needing a flexible workforce.