Barrett Business Services, Inc. (NASDAQ:BBSI) Director Sells $310,993.20 in Stock

Barrett Business Services, Inc. (NASDAQ:BBSI - Get Free Report) Director Anthony Meeker sold 7,380 shares of the business's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $42.14, for a total value of $310,993.20. Following the sale, the director now directly owns 55,504 shares of the company's stock, valued at $2,338,938.56. This represents a 11.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Barrett Business Services Stock Performance

Shares of NASDAQ:BBSI traded down $0.67 during midday trading on Friday, hitting $41.29. 271,402 shares of the stock were exchanged, compared to its average volume of 140,550. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 21.79, a P/E/G ratio of 1.21 and a beta of 1.01. The business's 50-day moving average price is $41.08 and its 200 day moving average price is $41.70. Barrett Business Services, Inc. has a 12 month low of $31.77 and a 12 month high of $44.97.

Barrett Business Services (NASDAQ:BBSI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.09. The firm had revenue of $292.60 million for the quarter, compared to analyst estimates of $285.91 million. Barrett Business Services had a return on equity of 25.28% and a net margin of 4.55%. The company's revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.01) earnings per share. As a group, sell-side analysts expect that Barrett Business Services, Inc. will post 2 EPS for the current year.

Barrett Business Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Friday, May 23rd. Barrett Business Services's payout ratio is currently 16.41%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Barrington Research reissued an "outperform" rating and set a $45.00 target price on shares of Barrett Business Services in a research note on Tuesday, May 6th. Wall Street Zen downgraded Barrett Business Services from a "strong-buy" rating to a "hold" rating in a report on Friday, May 16th.

Institutional Investors Weigh In On Barrett Business Services

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Strs Ohio bought a new position in Barrett Business Services in the 1st quarter valued at $658,000. Jane Street Group LLC purchased a new stake in shares of Barrett Business Services in the 1st quarter valued at about $1,732,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Barrett Business Services during the 1st quarter valued at about $322,000. Millennium Management LLC purchased a new position in shares of Barrett Business Services during the 1st quarter valued at about $3,747,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Barrett Business Services by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,219 shares of the business services provider's stock worth $626,000 after acquiring an additional 633 shares during the last quarter. 86.76% of the stock is owned by hedge funds and other institutional investors.

About Barrett Business Services

Barrett Business Services, Inc provides business management solutions for small and mid-sized companies in the United States. The company develops a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry.