Gerald Blotz Sells 11,664 Shares of Barrett Business Services (NASDAQ:BBSI) Stock

Key Points

• Gerald Blotz, COO of Barrett Business Services, sold 11,664 shares of the company's stock at an average price of $46.08, resulting in a total value of approximately $537,477, decreasing his ownership by 5.58%.
• Barrett Business Services reported a quarterly earnings of $0.70 per share, exceeding the consensus estimate of $0.65, and had a revenue of $307.70 million, which was above expectations of $299.95 million.
• The company announced a quarterly dividend of $0.08 per share, with a dividend yield of 0.7%, reflecting a modest payout ratio of 15.76%.

Barrett Business Services, Inc. (NASDAQ:BBSI - Get Free Report) COO Gerald Blotz sold 11,664 shares of the firm's stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $46.08, for a total value of $537,477.12. Following the completion of the transaction, the chief operating officer directly owned 197,432 shares of the company's stock, valued at approximately $9,097,666.56. This trade represents a 5.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Gerald Blotz also recently made the following trade(s):

• On Wednesday, July 2nd, Gerald Blotz sold 13,327 shares of Barrett Business Services stock. The stock was sold at an average price of $42.71, for a total value of $569,196.17.

Barrett Business Services Price Performance

Shares of NASDAQ:BBSI traded down $0.76 during midday trading on Wednesday, reaching $44.60. The company's stock had a trading volume of 34,420 shares, compared to its average volume of 145,905. Barrett Business Services, Inc. has a fifty-two week low of $35.81 and a fifty-two week high of $49.65. The company has a market capitalization of $1.15 billion, a P/E ratio of 21.97, a P/E/G ratio of 1.51 and a beta of 1.01. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.25 and a quick ratio of 1.25. The business's fifty day simple moving average is $46.54 and its 200-day simple moving average is $43.05.

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, topping 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 firm had revenue of $307.70 million during the quarter, compared to analysts' expectations of $299.95 million. During the same period in the previous year, the business posted $0.62 EPS. The company's quarterly revenue was up 10.0% compared to the same quarter last year. As a group, equities research analysts expect that Barrett Business Services, Inc. will post 2 EPS for the current fiscal year.

Barrett Business Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, August 22nd. Barrett Business Services's payout ratio is 15.76%.

Institutional Trading of Barrett Business Services

Several large investors have recently modified their holdings of the stock. Osaic Holdings Inc. grew its holdings in shares of Barrett Business Services by 31.2% during the 2nd quarter. Osaic Holdings Inc. now owns 11,446 shares of the business services provider's stock worth $477,000 after purchasing an additional 2,722 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of Barrett Business Services during the 2nd quarter worth $532,000. Tower Research Capital LLC TRC grew its stake in Barrett Business Services by 192.0% during the second quarter. Tower Research Capital LLC TRC now owns 4,266 shares of the business services provider's stock worth $178,000 after purchasing an additional 2,805 shares during the period. Voleon Capital Management LP bought a new stake in shares of Barrett Business Services in the second quarter valued at $473,000. Finally, Tidal Investments LLC bought a new stake in shares of Barrett Business Services in the 2nd quarter valued at about $238,000. 86.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BBSI shares. Wall Street Zen upgraded Barrett Business Services from a "hold" rating to a "buy" rating in a research note on Sunday, September 7th. Barrington Research upped their price objective on Barrett Business Services from $45.00 to $49.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $47.00.

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.

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