24,317 Shares in Barrett Business Services, Inc. $BBSI Bought by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 24,317 shares of the business services provider’s stock, valued at approximately $881,000. GSA Capital Partners LLP owned approximately 0.09% of Barrett Business Services at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in Barrett Business Services by 63.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,456 shares of the business services provider’s stock worth $53,000 after acquiring an additional 563 shares in the last quarter. AlphaQuest LLC acquired a new stake in Barrett Business Services during the 3rd quarter worth $54,000. State of Alaska Department of Revenue acquired a new stake in Barrett Business Services during the 3rd quarter worth $66,000. New York State Teachers Retirement System acquired a new stake in Barrett Business Services during the 4th quarter worth $82,000. Finally, NewEdge Advisors LLC raised its stake in Barrett Business Services by 270.2% during the 2nd 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 in the last quarter. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BBSI shares. Weiss Ratings downgraded shares of Barrett Business Services from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Roth Mkm lowered their price objective on shares of Barrett Business Services from $54.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Zacks Research raised shares of Barrett Business Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Wall Street Zen downgraded shares of Barrett Business Services from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Barrington Research reissued an “outperform” rating and set a $41.00 price objective on shares of Barrett Business Services in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $41.50.

Barrett Business Services Stock Performance

Shares of Barrett Business Services stock opened at $31.52 on Friday. Barrett Business Services, Inc. has a 1 year low of $25.33 and a 1 year high of $49.65. The company has a market capitalization of $774.13 million, a P/E ratio of 20.47, a PEG ratio of 1.03 and a beta of 0.97. The company’s fifty day moving average is $29.55 and its two-hundred day moving average is $33.16.

Barrett Business Services (NASDAQ:BBSI) last issued its quarterly earnings data on Wednesday, May 6th. The business services provider reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.02. Barrett Business Services had a net margin of 3.24% and a return on equity of 22.89%. The company had revenue of $307.01 million for the quarter, compared to the consensus estimate of $306.68 million. During the same period last year, the firm posted ($0.04) EPS. Barrett Business Services’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, equities analysts expect that Barrett Business Services, Inc. will post 1.88 earnings per share for the current year.

Barrett Business Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, May 22nd. Barrett Business Services’s dividend payout ratio is currently 20.78%.

Insider Transactions at Barrett Business Services

In other Barrett Business Services news, EVP James R. Potts sold 1,803 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $28.68, for a total transaction of $51,710.04. Following the transaction, the executive vice president owned 33,837 shares in the company, valued at approximately $970,445.16. The trade was a 5.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gary Kramer bought 8,370 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were acquired at an average cost of $26.89 per share, with a total value of $225,069.30. Following the completion of the purchase, the chief executive officer owned 328,801 shares in the company, valued at approximately $8,841,458.89. This represents a 2.61% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 4.10% of the stock is owned by company insiders.

About Barrett Business Services

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.