Barrett Business Services, Inc. (NASDAQ:BBSI - Get Free Report) COO Gerald Blotz sold 13,327 shares of the 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 completion of the transaction, the chief operating officer owned 209,096 shares in the company, valued at approximately $8,930,490.16. The trade was a 5.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Barrett Business Services Trading Up 0.9%
Shares of NASDAQ:BBSI traded up $0.39 on Friday, hitting $43.17. The company had a trading volume of 69,889 shares, compared to its average volume of 138,066. The company has a market cap of $1.11 billion, a PE ratio of 22.14, a PEG ratio of 1.46 and a beta of 0.99. Barrett Business Services, Inc. has a 52-week low of $31.77 and a 52-week high of $44.97. The business has a 50 day moving average of $41.66 and a 200 day moving average of $41.57.
Barrett Business Services (NASDAQ:BBSI - Get Free Report) last released its earnings results on Wednesday, May 7th. The business services provider reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.09. The firm had revenue of $292.60 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.01) earnings per share. As a group, equities analysts predict that Barrett Business Services, Inc. will post 2 EPS for the current year.
Barrett Business Services Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.74%. The ex-dividend date was Friday, May 23rd. Barrett Business Services's dividend payout ratio (DPR) is 16.41%.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on BBSI. Barrington Research reaffirmed an "outperform" rating and set a $45.00 price target on shares of Barrett Business Services in a report on Tuesday, May 6th. Wall Street Zen cut shares of Barrett Business Services from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 16th.
Read Our Latest Report on BBSI
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in BBSI. Tieton Capital Management LLC raised its position in shares of Barrett Business Services by 23.2% in the 4th quarter. Tieton Capital Management LLC now owns 251,628 shares of the business services provider's stock valued at $10,931,000 after purchasing an additional 47,447 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Barrett Business Services by 43.3% in the fourth quarter. Deutsche Bank AG now owns 27,831 shares of the business services provider's stock worth $1,209,000 after buying an additional 8,403 shares during the last quarter. Two Sigma Investments LP acquired a new stake in Barrett Business Services in the fourth quarter valued at $353,000. GAMMA Investing LLC boosted its stake in Barrett Business Services by 5,807.9% during the 1st quarter. GAMMA Investing LLC now owns 11,934 shares of the business services provider's stock valued at $491,000 after acquiring an additional 11,732 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in Barrett Business Services during the 4th quarter worth $485,000. 86.76% of the stock is currently owned by hedge funds and other institutional investors.
About Barrett Business Services
(
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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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