Barrett Business Services, Inc. (NASDAQ:BBSI) Director Sells $189,044.16 in Stock

Barrett Business Services, Inc. (NASDAQ:BBSI) Director Thomas J. Carley sold 4,584 shares of Barrett Business Services stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $41.24, for a total transaction of $189,044.16. Following the transaction, the director now directly owns 91,628 shares in the company, valued at $3,778,738.72. This trade represents a 4.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Barrett Business Services Trading Down 0.3 %

BBSI opened at $42.23 on Friday. The stock’s 50-day moving average price is $37.97 and its 200 day moving average price is $35.21. Barrett Business Services, Inc. has a 12-month low of $26.60 and a 12-month high of $43.29. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 1.39 and a beta of 1.39.

Barrett Business Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, November 22nd. Barrett Business Services’s dividend payout ratio (DPR) is currently 16.89%.

Analysts Set New Price Targets

Several analysts have recently commented on BBSI shares. Roth Mkm lifted their price target on shares of Barrett Business Services from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Barrington Research raised their target price on Barrett Business Services from $41.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, StockNews.com raised Barrett Business Services from a “hold” rating to a “buy” rating in a research note on Tuesday.

Institutional Investors Weigh In On Barrett Business Services

A number of hedge funds have recently added to or reduced their stakes in the business. Westside Investment Management Inc. purchased a new stake in shares of Barrett Business Services during the third quarter worth $34,000. Continental Investors Services Inc. acquired a new position in Barrett Business Services during the 3rd quarter worth $216,000. Geode Capital Management LLC grew its stake in Barrett Business Services by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 705,598 shares of the business services provider’s stock worth $26,471,000 after purchasing an additional 32,632 shares in the last quarter. Barclays PLC increased its holdings in Barrett Business Services by 42.9% during the 3rd quarter. Barclays PLC now owns 61,332 shares of the business services provider’s stock worth $2,300,000 after purchasing an additional 18,414 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in Barrett Business Services in the 3rd quarter valued at about $246,000. 86.76% of the stock is currently owned by institutional investors and hedge funds.

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.