Barrett Business Services (NASDAQ:BBSI) Sets New 12-Month Low – Time to Sell?

Barrett Business Services, Inc. (NASDAQ:BBSI) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $30.74 and last traded at $31.0750, with a volume of 43109 shares. The stock had previously closed at $31.62.

Analyst Upgrades and Downgrades

BBSI has been the topic of a number of research reports. Barrington Research reiterated an “outperform” rating and issued a $46.00 price target on shares of Barrett Business Services in a research note on Thursday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Barrett Business Services in a research report on Monday, December 29th. Wall Street Zen lowered Barrett Business Services from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, CJS Securities raised Barrett Business Services to a “strong-buy” rating in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Barrett Business Services currently has an average rating of “Buy” and an average target price of $46.00.

Barrett Business Services Stock Down 0.4%

The company has a market cap of $834.70 million, a P/E ratio of 15.72, a PEG ratio of 0.81 and a beta of 0.99. The stock has a 50-day moving average of $36.55 and a 200 day moving average of $40.29. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.27 and a quick ratio of 1.27.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its stake in Barrett Business Services by 821,045.1% in the third quarter. Bessemer Group Inc. now owns 418,784 shares of the business services provider’s stock valued at $18,562,000 after buying an additional 418,733 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in Barrett Business Services by 20.6% during the third quarter. Thrivent Financial for Lutherans now owns 1,901,425 shares of the business services provider’s stock worth $84,271,000 after acquiring an additional 324,715 shares in the last quarter. Trigran Investments Inc. lifted its holdings in shares of Barrett Business Services by 62.3% in the fourth quarter. Trigran Investments Inc. now owns 648,738 shares of the business services provider’s stock worth $23,491,000 after acquiring an additional 249,052 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Barrett Business Services by 31.6% in the 4th quarter. Royce & Associates LP now owns 870,863 shares of the business services provider’s stock valued at $31,534,000 after purchasing an additional 208,865 shares in the last quarter. Finally, CSM Advisors LLC bought a new stake in shares of Barrett Business Services during the 2nd quarter valued at approximately $6,155,000. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Barrett Business Services Company Profile

Barrett Business Services, Inc (NASDAQ: BBSI) is a professional employer organization (PEO) headquartered in Northridge, California. Founded in 1971 by Barrett K. Levesque, the company provides comprehensive human resources outsourcing solutions to small and mid-sized businesses. Through its consultative model, Barrett Business Services helps clients streamline administrative processes, mitigate regulatory risk and focus on core operations.

The company’s core offerings include payroll administration, employee benefits management, workers’ compensation and risk management services.