17,544 Shares in Barrett Business Services, Inc. $BBSI Acquired by Jump Financial LLC

Key Points

• Jump Financial LLC has acquired 17,544 shares of Barrett Business Services, Inc. (NASDAQ:BBSI), valued at approximately $722,000, constituting about 0.07% of the company.
• Barrett Business Services reported $0.70 earnings per share for the last quarter, exceeding analysts' expectations of $0.65, along with a revenue of $307.70 million.
• The company announced a quarterly dividend of $0.08, with a yield of 0.7%, set to be paid on September 5th to investors of record by August 22nd.

Jump Financial LLC purchased a new position in Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 17,544 shares of the business services provider's stock, valued at approximately $722,000. Jump Financial LLC owned approximately 0.07% of Barrett Business Services at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of BBSI. Private Trust Co. NA purchased a new position in Barrett Business Services in the 1st quarter worth about $33,000. Quantbot Technologies LP acquired a new position in Barrett Business Services in the 1st quarter worth about $75,000. PNC Financial Services Group Inc. lifted its position in shares of Barrett Business Services by 26.4% in the first quarter. PNC Financial Services Group Inc. now owns 2,309 shares of the business services provider's stock worth $95,000 after buying an additional 482 shares during the last quarter. Perkins Coie Trust Co lifted its position in Barrett Business Services by 10.0% during the 1st quarter. Perkins Coie Trust Co now owns 4,400 shares of the business services provider's stock worth $181,000 after acquiring an additional 400 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of Barrett Business Services by 3,939.3% during the first quarter. US Bancorp DE now owns 4,524 shares of the business services provider's stock valued at $186,000 after buying an additional 4,412 shares during the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

Barrett Business Services Stock Up 0.9%

Shares of NASDAQ BBSI traded up $0.42 during midday trading on Thursday, reaching $48.97. The company's stock had a trading volume of 129,780 shares, compared to its average volume of 145,052. The stock has a 50 day simple moving average of $45.36 and a 200-day simple moving average of $42.40. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 24.15, a PEG ratio of 1.59 and a beta of 1.01. Barrett Business Services, Inc. has a fifty-two week low of $34.43 and a fifty-two week high of $49.63.

Barrett Business Services (NASDAQ:BBSI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The business services provider reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.05. Barrett Business Services had a return on equity of 24.59% and a net margin of 4.49%.The company had revenue of $307.70 million during the quarter, compared to analysts' expectations of $299.95 million. During the same quarter last year, the company earned $0.62 EPS. Barrett Business Services's revenue for the quarter was up 10.0% compared to the same quarter last year. Equities research analysts predict that Barrett Business Services, Inc. will post 2 earnings per share for the current year.

Barrett Business Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 22nd will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, August 22nd. Barrett Business Services's dividend payout ratio is 15.76%.

Insider Activity at Barrett Business Services

In other news, Director Thomas B. Cusick sold 3,064 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $47.64, for a total transaction of $145,968.96. Following the transaction, the director owned 27,776 shares in the company, valued at approximately $1,323,248.64. This trade represents a 9.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas J. Carley sold 12,646 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $47.62, for a total value of $602,202.52. Following the completion of the sale, the director owned 94,692 shares of the company's stock, valued at approximately $4,509,233.04. This trade represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 116,417 shares of company stock worth $5,496,361 in the last quarter. 4.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BBSI shares. Barrington Research boosted their target price on shares of Barrett Business Services from $45.00 to $49.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Wall Street Zen lowered Barrett Business Services from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $47.00.

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.