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 transaction, the director now directly owns 55,504 shares of the company's stock, valued at $2,338,938.56. The trade was a 11.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Barrett Business Services Stock Performance
BBSI traded down $0.67 during midday trading on Friday, hitting $41.29. The stock had a trading volume of 271,402 shares, compared to its average volume of 140,878. The company has a market cap of $1.06 billion, a P/E ratio of 21.79, a price-to-earnings-growth ratio of 1.21 and a beta of 1.01. The business has a fifty day moving average of $41.08 and a 200 day moving average of $41.71. Barrett Business Services, Inc. has a 1 year low of $31.77 and a 1 year high of $44.97.
Barrett Business Services (NASDAQ:BBSI - Get Free Report) last issued its earnings results on Wednesday, May 7th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.09. The business had revenue of $292.60 million during 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%. Barrett Business Services's revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. On average, equities research analysts anticipate that Barrett Business Services, Inc. will post 2 earnings per share for the current year.
Barrett Business Services Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.78%. The ex-dividend date was Friday, May 23rd. Barrett Business Services's dividend payout ratio is currently 16.41%.
Analysts Set New Price Targets
Several research analysts have recently commented on the company. Barrington Research reissued an "outperform" rating and set a $45.00 price objective on shares of Barrett Business Services in a report on Tuesday, May 6th. Wall Street Zen lowered Barrett Business Services from a "strong-buy" rating to a "hold" rating in a report on Friday, May 16th.
Read Our Latest Research Report on Barrett Business Services
Institutional Trading of Barrett Business Services
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Strs Ohio purchased a new stake in Barrett Business Services in the first quarter worth approximately $658,000. Jane Street Group LLC purchased a new stake in shares of Barrett Business Services during the first quarter valued at approximately $1,732,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Barrett Business Services during the first quarter valued at approximately $322,000. Millennium Management LLC purchased a new stake in shares of Barrett Business Services during the first quarter valued at approximately $3,747,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Barrett Business Services by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,219 shares of the business services provider's stock valued at $626,000 after purchasing an additional 633 shares during the period. Hedge funds and other institutional investors own 86.76% of the company's stock.
About Barrett Business Services
(
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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.
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