James Potts Sells 1,802 Shares of Barrett Business Services (NASDAQ:BBSI) Stock

Barrett Business Services, Inc. (NASDAQ:BBSI) EVP James Potts sold 1,802 shares of the stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $38.00, for a total value of $68,476.00. Following the completion of the transaction, the executive vice president owned 39,012 shares of the company’s stock, valued at approximately $1,482,456. This trade represents a 4.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Barrett Business Services Stock Up 1.2%

Shares of BBSI stock traded up $0.44 during mid-day trading on Tuesday, reaching $38.05. 202,149 shares of the company’s stock traded hands, compared to its average volume of 243,837. The company’s 50-day moving average price is $32.60 and its 200-day moving average price is $32.78. The company has a market cap of $934.51 million, a P/E ratio of 24.71, a P/E/G ratio of 1.26 and a beta of 0.95. Barrett Business Services, Inc. has a 12 month low of $25.33 and a 12 month high of $49.65.

Barrett Business Services (NASDAQ:BBSI) last issued its quarterly earnings results 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 $307.00 million during the quarter, compared to analyst estimates of $306.68 million. During the same period last year, the business earned ($0.04) EPS. Barrett Business Services’s quarterly revenue was up 4.9% compared to the same quarter last year. Equities analysts predict that Barrett Business Services, Inc. will post 1.88 earnings per share for the current year.

Barrett Business Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, May 22nd. Barrett Business Services’s dividend payout ratio (DPR) is presently 20.78%.

Institutional Investors Weigh In On Barrett Business Services

Large investors have recently added to or reduced their stakes in the stock. Mawer Investment Management Ltd. lifted its holdings in shares of Barrett Business Services by 0.7% during the 4th quarter. Mawer Investment Management Ltd. now owns 1,964,053 shares of the business services provider’s stock valued at $71,118,000 after buying an additional 13,331 shares during the period. Private Capital Management LLC lifted its stake in shares of Barrett Business Services by 1.2% in the 4th quarter. Private Capital Management LLC now owns 999,371 shares of the business services provider’s stock worth $36,187,000 after purchasing an additional 12,117 shares during the period. Royce & Associates LP grew its position in Barrett Business Services by 31.6% during the fourth quarter. Royce & Associates LP now owns 870,863 shares of the business services provider’s stock valued at $31,534,000 after buying an additional 208,865 shares during the period. Wellington Management Group LLP increased its holdings in Barrett Business Services by 15.3% during the fourth quarter. Wellington Management Group LLP now owns 821,560 shares of the business services provider’s stock valued at $29,749,000 after buying an additional 109,069 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Barrett Business Services by 4.0% in the first quarter. Dimensional Fund Advisors LP now owns 661,181 shares of the business services provider’s stock worth $19,295,000 after acquiring an additional 25,221 shares during the period. Institutional investors own 86.76% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on BBSI shares. Wall Street Zen upgraded Barrett Business Services from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. Zacks Research raised Barrett Business Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Barrington Research restated an “outperform” rating and set a $41.00 price target on shares of Barrett Business Services in a report on Monday, April 27th. Finally, Weiss Ratings raised Barrett Business Services from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.50.

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.