15,679 Shares in Barrett Business Services, Inc. (NASDAQ:BBSI) Bought by Dakota Wealth Management

Dakota Wealth Management bought a new position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 15,679 shares of the business services provider's stock, valued at approximately $645,000. Dakota Wealth Management owned 0.06% of Barrett Business Services as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Prudent Man Investment Management Inc. purchased a new position in shares of Barrett Business Services during the 4th quarter worth approximately $35,000. Private Trust Co. NA purchased a new stake in shares of Barrett Business Services in the 1st quarter worth approximately $33,000. Perkins Coie Trust Co grew its stake in shares of 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 worth $181,000 after buying an additional 400 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Barrett Business Services in the 4th quarter worth approximately $209,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of Barrett Business Services in the 4th quarter worth approximately $218,000. Hedge funds and other institutional investors own 86.76% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BBSI shares. Barrington Research restated an "outperform" rating and issued a $45.00 price target 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 research note on Friday, May 16th.

Barrett Business Services Trading Down 0.0%

BBSI stock traded down $0.02 during midday trading on Friday, hitting $43.63. The company's stock had a trading volume of 122,339 shares, compared to its average volume of 138,230. The company has a market cap of $1.12 billion, a PE ratio of 22.37, a P/E/G ratio of 1.46 and a beta of 0.99. Barrett Business Services, Inc. has a 12 month low of $31.77 and a 12 month high of $44.97. The firm's 50-day moving average is $42.03 and its 200-day moving average is $41.56.

Barrett Business Services (NASDAQ:BBSI - Get Free Report) last released its quarterly earnings data 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 business had revenue of $292.60 million for the quarter, compared to analysts' expectations of $285.91 million. Barrett Business Services had a return on equity of 24.55% and a net margin of 4.45%. The firm's quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.01) EPS. Analysts expect that Barrett Business Services, Inc. will post 2 earnings per share for the current year.

Barrett Business Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $0.32 annualized dividend and a yield of 0.73%. Barrett Business Services's dividend payout ratio (DPR) is presently 16.41%.

Insider Activity at Barrett Business Services

In other news, Director Thomas J. Carley sold 12,354 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $42.60, for a total transaction of $526,280.40. Following the transaction, the director directly owned 91,628 shares of the company's stock, valued at $3,903,352.80. This represents a 11.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Gerald Blotz sold 13,327 shares of the stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $42.71, for a total value of $569,196.17. Following the transaction, the chief operating officer directly owned 209,096 shares in the company, valued at $8,930,490.16. The trade was a 5.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,061 shares of company stock valued at $1,406,470. 4.10% of the stock is owned by corporate insiders.

Barrett Business Services Company Profile

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.