Insider Selling: Barrett Business Services, Inc. (NASDAQ:BBSI) Director Sells 2,176 Shares of Stock

Barrett Business Services, Inc. (NASDAQ:BBSI) Director James B. Hicks sold 2,176 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $85.20, for a total value of $185,395.20. Following the completion of the transaction, the director now owns 17,618 shares of the company’s stock, valued at approximately $1,501,053.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

BBSI traded up $2.04 during trading on Friday, reaching $88.19. The stock had a trading volume of 48,775 shares, compared to its average volume of 42,407. The stock’s 50 day moving average is $85.75 and its two-hundred day moving average is $78.35. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $670.26 million, a price-to-earnings ratio of 17.71 and a beta of 0.95. Barrett Business Services, Inc. has a one year low of $53.10 and a one year high of $91.92.

Barrett Business Services (NASDAQ:BBSI) last posted its quarterly earnings data on Tuesday, August 6th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.12. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.47 billion. Barrett Business Services had a return on equity of 39.94% and a net margin of 5.09%. On average, equities research analysts predict that Barrett Business Services, Inc. will post 5.53 earnings per share for the current year.



The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 23rd will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, August 22nd. This is an increase from Barrett Business Services’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 1.36%. Barrett Business Services’s dividend payout ratio (DPR) is presently 20.08%.

A number of equities analysts have issued reports on BBSI shares. Zacks Investment Research upgraded Barrett Business Services from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Friday, August 9th. BidaskClub upgraded Barrett Business Services from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Finally, Roth Capital increased their price objective on Barrett Business Services from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $108.33.

Several large investors have recently modified their holdings of BBSI. Point72 Hong Kong Ltd bought a new stake in Barrett Business Services during the 2nd quarter valued at approximately $28,000. Bank of Montreal Can increased its position in Barrett Business Services by 304.5% during the 2nd quarter. Bank of Montreal Can now owns 805 shares of the business services provider’s stock valued at $66,000 after buying an additional 606 shares in the last quarter. Legal & General Group Plc increased its position in Barrett Business Services by 29.1% during the 4th quarter. Legal & General Group Plc now owns 1,349 shares of the business services provider’s stock valued at $77,000 after buying an additional 304 shares in the last quarter. TRUE Private Wealth Advisors acquired a new position in Barrett Business Services during the 2nd quarter valued at about $89,000. Finally, BNP Paribas Arbitrage SA increased its position in Barrett Business Services by 49,366.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,484 shares of the business services provider’s stock valued at $115,000 after buying an additional 1,481 shares in the last quarter. Hedge funds and other institutional investors own 83.13% of the company’s stock.

Barrett Business Services Company Profile

Barrett Business Services, Inc provides business management solutions for small and mid-sized companies in the United States. It develops a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry. The company offers professional employer services under which it enters into a client services agreement to establish a co-employment relationship with each client company, assuming responsibility for payroll, payroll taxes, workers' compensation coverage, and other administration functions for the client's existing workforce.

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