Barrett Business Services, Inc. (NASDAQ:BBSI) Director Thomas J. Carley Sells 12,646 Shares

Key Points

• Thomas J. Carley, a director at Barrett Business Services, sold 12,646 shares at an average price of $47.62, totaling over $602,000, reducing his ownership by 11.78%.
• Barrett Business Services reported a quarterly EPS of $0.70, exceeding analyst estimates and reflecting a 10% year-over-year revenue growth to $307.70 million.
• The company declared a $0.08 quarterly dividend with a yield of 0.7%, marking an annualized dividend payout ratio of 15.76%.

Barrett Business Services, Inc. (NASDAQ:BBSI - Get Free Report) 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Barrett Business Services Stock Performance

NASDAQ:BBSI traded up $0.31 on Monday, hitting $46.34. The stock had a trading volume of 36,075 shares, compared to its average volume of 143,083. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 1.50 and a beta of 1.02. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.35. The business's 50-day simple moving average is $43.70 and its two-hundred day simple moving average is $41.93. Barrett Business Services, Inc. has a 52-week low of $34.36 and a 52-week high of $48.48.

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

Barrett Business Services Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Private Trust Co. NA purchased a new stake in Barrett Business Services during the 1st quarter valued at approximately $33,000. Quantbot Technologies LP bought a new position in shares of Barrett Business Services during the first quarter worth $75,000. NewEdge Advisors LLC boosted its position in shares of Barrett Business Services by 270.2% during the second quarter. NewEdge Advisors LLC now owns 1,999 shares of the business services provider's stock worth $83,000 after acquiring an additional 1,459 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Barrett Business Services by 26.4% during the first quarter. PNC Financial Services Group Inc. now owns 2,309 shares of the business services provider's stock worth $95,000 after acquiring an additional 482 shares during the last quarter. Finally, Virtus Advisers LLC bought a new position in shares of Barrett Business Services during the first quarter worth $163,000. 86.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wall Street Zen raised shares of Barrett Business Services from a "hold" rating to a "buy" rating in a research report on Saturday. Barrington Research upped their target price on shares of Barrett Business Services from $45.00 to $49.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th.

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.