Insider Selling: Barrett Business Services, Inc. (NASDAQ:BBSI) Director Sells $144,350.67 in Stock

Barrett Business Services, Inc. (NASDAQ:BBSIGet Rating) Director Anthony Meeker sold 1,821 shares of the company’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $79.27, for a total transaction of $144,350.67. Following the completion of the transaction, the director now owns 15,721 shares in the company, valued at $1,246,203.67. The sale was disclosed in a filing with the SEC, which is available through this link.

Barrett Business Services Price Performance

BBSI stock opened at $79.07 on Friday. The company has a fifty day moving average price of $81.30 and a 200 day moving average price of $76.53. Barrett Business Services, Inc. has a 12 month low of $57.76 and a 12 month high of $86.82. The company has a market cap of $560.53 million, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 0.92 and a beta of 1.37.

Barrett Business Services (NASDAQ:BBSIGet Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The business services provider reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.61. Barrett Business Services had a net margin of 4.33% and a return on equity of 22.59%. During the same quarter in the previous year, the firm posted $2.24 EPS. As a group, analysts anticipate that Barrett Business Services, Inc. will post 6.3 earnings per share for the current year.

Barrett Business Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, August 19th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $1.20 annualized dividend and a yield of 1.52%. Barrett Business Services’s payout ratio is 20.41%.

Wall Street Analyst Weigh In

BBSI has been the topic of a number of recent research reports. TheStreet upgraded shares of Barrett Business Services from a “c+” rating to a “b” rating in a research note on Friday, August 19th. Sidoti reiterated a “buy” rating and issued a $97.00 target price on shares of Barrett Business Services in a research report on Tuesday, June 14th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $102.33.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Captrust Financial Advisors grew its position in shares of Barrett Business Services by 1.4% during the first quarter. Captrust Financial Advisors now owns 11,904 shares of the business services provider’s stock worth $926,000 after buying an additional 170 shares in the last quarter. Lazard Asset Management LLC lifted its stake in Barrett Business Services by 26.9% in the first quarter. Lazard Asset Management LLC now owns 1,029 shares of the business services provider’s stock valued at $79,000 after buying an additional 218 shares during the last quarter. Legal & General Group Plc lifted its stake in Barrett Business Services by 8.3% in the second quarter. Legal & General Group Plc now owns 3,348 shares of the business services provider’s stock valued at $244,000 after buying an additional 256 shares during the last quarter. Dorsey Wright & Associates bought a new stake in Barrett Business Services in the second quarter valued at $36,000. Finally, Equitable Trust Co. lifted its stake in Barrett Business Services by 7.7% in the first quarter. Equitable Trust Co. now owns 7,580 shares of the business services provider’s stock valued at $587,000 after buying an additional 540 shares during the last quarter.

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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