TrueBlue, Inc. (NYSE:TBI - Get Free Report) CFO Carl Schweihs bought 2,500 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was bought at an average cost of $5.25 per share, with a total value of $13,125.00. Following the completion of the purchase, the chief financial officer now owns 169,051 shares of the company's stock, valued at approximately $887,517.75. The trade was a 1.50 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Carl Schweihs also recently made the following trade(s):
- On Monday, February 24th, Carl Schweihs purchased 10,000 shares of TrueBlue stock. The stock was bought at an average cost of $6.25 per share, with a total value of $62,500.00.
TrueBlue Price Performance
Shares of TBI stock opened at $5.46 on Friday. The firm has a market cap of $162.06 million, a price-to-earnings ratio of -1.31, a PEG ratio of 3.01 and a beta of 1.35. TrueBlue, Inc. has a 12 month low of $5.19 and a 12 month high of $12.66. The company has a quick ratio of 1.85, a current ratio of 1.73 and a debt-to-equity ratio of 0.02. The stock has a 50-day moving average price of $7.13 and a 200 day moving average price of $7.54.
TrueBlue (NYSE:TBI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The business services provider reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.14. TrueBlue had a negative net margin of 8.02% and a negative return on equity of 3.90%. The company had revenue of $385.95 million during the quarter, compared to analysts' expectations of $385.04 million. Research analysts expect that TrueBlue, Inc. will post 0.15 EPS for the current year.
Institutional Trading of TrueBlue
Institutional investors and hedge funds have recently made changes to their positions in the business. Quantbot Technologies LP bought a new position in shares of TrueBlue in the 3rd quarter worth $79,000. SG Americas Securities LLC bought a new position in TrueBlue during the fourth quarter worth about $108,000. Proficio Capital Partners LLC acquired a new position in shares of TrueBlue during the 4th quarter worth about $116,000. MetLife Investment Management LLC increased its stake in shares of TrueBlue by 23.5% in the 4th quarter. MetLife Investment Management LLC now owns 15,886 shares of the business services provider's stock valued at $133,000 after acquiring an additional 3,028 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of TrueBlue by 24.7% in the 4th quarter. Wells Fargo & Company MN now owns 17,112 shares of the business services provider's stock valued at $144,000 after acquiring an additional 3,393 shares during the last quarter. Institutional investors own 97.15% of the company's stock.
Analyst Ratings Changes
Separately, StockNews.com upgraded TrueBlue from a "sell" rating to a "hold" rating in a research report on Sunday, March 2nd.
Read Our Latest Research Report on TrueBlue
About TrueBlue
(
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TrueBlue, Inc, together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, the United Kingdom, Australia, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The company PeopleReady segment provides general, industrial, and skilled trade contingent staffing services for construction, transportation, manufacturing, retail, hospitality, and renewable energy industries.
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