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.
Get Our Latest Research Report on Barrett Business Services
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
(
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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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