6,900 Shares in Barrett Business Services, Inc. (NASDAQ:BBSI) Purchased by Brio Consultants LLC

Key Points

• Brio Consultants LLC acquired 6,900 shares of Barrett Business Services, Inc. (NASDAQ:BBSI) in the first quarter, valued at approximately $284,000.
• Barrett Business Services reported a quarterly revenue increase of 10.1%, with earnings per share of (0.04), beating the consensus estimate.
• The company declared a quarterly dividend of $0.08 per share, resulting in an annualized dividend yield of 0.69%.

Brio Consultants LLC acquired a new stake in Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,900 shares of the business services provider's stock, valued at approximately $284,000.

Several other large investors also recently added to or reduced their stakes in BBSI. Private Trust Co. NA purchased a new stake in Barrett Business Services in the 1st quarter valued at about $33,000. Prudent Man Investment Management Inc. purchased a new stake in Barrett Business Services in the 4th quarter valued at about $35,000. Perkins Coie Trust Co boosted its position in Barrett Business Services by 10.0% in the 1st quarter. Perkins Coie Trust Co now owns 4,400 shares of the business services provider's stock valued at $181,000 after buying an additional 400 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Barrett Business Services in the 4th quarter valued at about $209,000. Finally, Two Sigma Securities LLC bought a new stake in shares of Barrett Business Services in the 4th quarter valued at about $218,000. 86.76% of the stock is owned by hedge funds and other institutional investors.

Barrett Business Services Stock Performance

NASDAQ:BBSI opened at $46.52 on Tuesday. Barrett Business Services, Inc. has a one year low of $31.77 and a one year high of $46.53. The firm has a market cap of $1.19 billion, a P/E ratio of 23.86, a P/E/G ratio of 1.55 and a beta of 0.99. The firm has a 50-day simple moving average of $42.49 and a 200-day simple moving average of $41.69.

Barrett Business Services (NASDAQ:BBSI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The business services provider reported ($0.04) EPS for the quarter, beating 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 net margin of 4.45% and a return on equity of 24.55%. The company's quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.01) EPS. On average, research analysts predict that Barrett Business Services, Inc. will post 2 EPS for the current fiscal year.

Barrett Business Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were paid a dividend of $0.08 per share. The ex-dividend date was Friday, May 23rd. This represents a $0.32 annualized dividend and a dividend yield of 0.69%. Barrett Business Services's dividend payout ratio (DPR) is presently 16.41%.

Analyst Ratings Changes

Several equities research analysts have recently commented on BBSI shares. Wall Street Zen lowered shares of Barrett Business Services from a "strong-buy" rating to a "hold" rating in a report on Friday, May 16th. Barrington Research restated an "outperform" rating and issued a $45.00 price target on shares of Barrett Business Services in a report on Tuesday, May 6th.

Insider Buying and Selling

In related news, Director Thomas J. Carley sold 12,354 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $42.60, for a total transaction of $526,280.40. Following the completion of the transaction, the director owned 91,628 shares in the company, valued at $3,903,352.80. The trade was a 11.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Anthony Meeker sold 7,380 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $42.14, for a total transaction of $310,993.20. Following the transaction, the director owned 55,504 shares of the company's stock, valued at approximately $2,338,938.56. This trade represents a 11.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,061 shares of company stock worth $1,406,470 in the last 90 days. 4.10% of the stock is owned by corporate insiders.

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.

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