Insider Selling: Barrett Business Services, Inc. (NASDAQ:BBSI) COO Sells 13,327 Shares of Stock

Barrett Business Services, Inc. (NASDAQ:BBSI - Get Free Report) COO Gerald Blotz sold 13,327 shares of the firm's stock in a transaction dated 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 owned 209,096 shares in the company, valued at approximately $8,930,490.16. This trade represents a 5.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Barrett Business Services Stock Up 0.9%

BBSI traded up $0.39 during midday trading on Friday, reaching $43.17. 69,889 shares of the company's stock were exchanged, compared to its average volume of 138,211. Barrett Business Services, Inc. has a one year low of $31.77 and a one year high of $44.97. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 1.46 and a beta of 0.99. The business has a 50-day simple moving average of $41.66 and a two-hundred day simple moving average of $41.56.

Barrett Business Services (NASDAQ:BBSI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.13) by $0.09. Barrett Business Services had a return on equity of 24.55% and a net margin of 4.45%. The company had revenue of $292.60 million during the quarter, compared to analysts' expectations of $285.91 million. During the same period last year, the business earned ($0.01) earnings per share. The business's revenue was up 10.1% on a year-over-year basis. As a group, research analysts anticipate that Barrett Business Services, Inc. will post 2 EPS for the current fiscal year.

Barrett Business Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Friday, May 23rd. Barrett Business Services's dividend payout ratio is currently 16.41%.

Analyst Upgrades and Downgrades

BBSI has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Barrett Business Services from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 16th. Barrington Research reissued an "outperform" rating and set a $45.00 target price on shares of Barrett Business Services in a research report on Tuesday, May 6th.

Hedge Funds Weigh In On Barrett Business Services

Institutional investors have recently modified their holdings of the stock. Private Trust Co. NA acquired a new stake in Barrett Business Services during the 1st quarter worth $33,000. Prudent Man Investment Management Inc. bought a new position in shares of Barrett Business Services during the fourth quarter worth $35,000. Quantbot Technologies LP bought a new stake in shares of Barrett Business Services in the first quarter worth about $75,000. PNC Financial Services Group Inc. lifted its holdings in shares of Barrett Business Services by 26.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,309 shares of the business services provider's stock valued at $95,000 after purchasing an additional 482 shares in the last quarter. Finally, Virtus Advisers LLC acquired a new stake in Barrett Business Services during the 1st quarter worth approximately $163,000. 86.76% of the stock is owned by institutional investors.

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.