North Star Investment Mgmt. Corp. Amends BGSF, Inc. Stake

TL;DR

**North Star Investment Management Corp. still holds BGSF, Inc. stock, signaling continued institutional interest.**

AI Summary

North Star Investment Management Corp. filed an amended SC 13G/A on January 10, 2024, indicating a change in their ownership of BGSF, Inc. common stock as of December 31, 2023. This filing, an amendment to a previous Schedule 13G, signals that North Star Investment Management Corp. continues to hold a significant, but passive, stake in BGSF, Inc. For current or prospective BGSF, Inc. shareholders, this matters because it confirms a major institutional investor's continued interest, which can influence market perception and stability, though the specific change in ownership percentage is not detailed in the provided excerpt.

Why It Matters

This filing confirms a major institutional investor's continued, passive interest in BGSF, Inc., which can provide a level of confidence to other investors.

Risk Assessment

Risk Level: low — This is a routine amendment filing by an institutional investor, indicating passive ownership and no immediate red flags.

Analyst Insight

A smart investor would note North Star Investment Management Corp.'s continued passive stake in BGSF, Inc. as a sign of institutional confidence, but would also look for the full filing to understand the specific change in ownership percentage before making any investment decisions.

Key Numbers

• 05601C105 — CUSIP Number (Identifies BGSF, Inc.'s Common Stock)
• 1 — Amendment Number (Indicates this is an amendment to a previous Schedule 13G filing)

Key Players & Entities

• North Star Investment Management Corp. (company) — the reporting person and institutional investor
• BGSF, Inc. (company) — the subject company whose securities are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 10, 2024 (date) — the filing date of the SC 13G/A
• $0.01 (dollar_amount) — par value per share of BGSF, Inc. Common Stock

Forward-Looking Statements

• North Star Investment Management Corp. will maintain a passive investment strategy in BGSF, Inc. (North Star Investment Management Corp.) — high confidence, target: Next 12 months
• BGSF, Inc.'s stock price will not experience significant volatility directly due to this filing. (BGSF, Inc.) — high confidence, target: Next 30 days

FAQ

Key Financial Figures

• $0.01 — Inc. (Name of Issuer) Common Stock. $0.01 per share (Title of Class of Securiti

Filing Documents

• formsc13ga.htm (SC 13G/A) — 28KB
• 0001062993-24-000770.txt ( ) — 30KB

Ownership

Item 4. Ownership The information reported below in this Item 4 is as of December 31, 2023. The percentage set forth in Item 4(b) is based on 10,876,620 shares of the Issuer's Common Stock outstanding as of November 3, 2023, as reported in the Issuer's Form 10-Q for the quarter ended October 1, 2023 (as filed November 9, 2023). (a) Amount Beneficially Owned: 725,573 (b) Percent of Class: 6.67% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 602,000 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 602,000 (iv) Shared power to dispose or to direct the disposition of: 123,573

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class. Not Applicable.

Ownership of more than Five Percent on Behalf of Another Person

Item 6. Ownership of more than Five Percent on Behalf of Another Person. Not Applicable. Item 7. Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company or control person. Not Applicable.

Identification and classification of members of the group

Item 8. Identification and classification of members of the group. Not Applicable.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. Not Applicable.

Certifications

Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having the purposes or effect, other than activities solely in connection with nomination under 240.14a-11. Page 4 of 5 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 10, 2024 NORTH STAR INVESTMENT MANAGEMENT CORPORATION /s/ Andrew Eisenberg Andrew Eisenberg/Chief Compliance Officer The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001). Page 5 of 5

View Full Filing

View this SC 13G/A filing on SEC EDGAR