Insider Selling: Barrett Business Services (NASDAQ:BBSI) EVP Sells $130,936.85 in Stock

Barrett Business Services, Inc. (NASDAQ:BBSI) EVP James Potts sold 3,487 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $37.55, for a total transaction of $130,936.85. Following the completion of the sale, the executive vice president directly owned 35,525 shares in the company, valued at approximately $1,333,963.75. This represents a 8.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Barrett Business Services Trading Down 0.4%

BBSI stock opened at $37.24 on Friday. The stock has a market cap of $914.61 million, a PE ratio of 24.18, a P/E/G ratio of 1.25 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. The company has a 50-day moving average price of $33.01 and a 200 day moving average price of $32.79.

Barrett Business Services (NASDAQ:BBSI) last posted its quarterly earnings data on Wednesday, May 6th. The business services provider reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.02. The company had revenue of $307.00 million for the quarter, compared to analyst estimates of $306.68 million. Barrett Business Services had a net margin of 3.24% and a return on equity of 22.89%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the company posted ($0.04) EPS. Sell-side analysts forecast that Barrett Business Services, Inc. will post 1.88 EPS for the current year.

Barrett Business Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.9%. Barrett Business Services’s dividend payout ratio is currently 20.78%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Barrett Business Services

Several hedge funds have recently modified their holdings of BBSI. Kestra Advisory Services LLC bought a new position in shares of Barrett Business Services during the fourth quarter valued at approximately $39,000. Bard Associates Inc. bought a new position in Barrett Business Services in the fourth quarter worth approximately $50,000. Farther Finance Advisors LLC lifted its holdings in Barrett Business Services by 63.0% during the fourth quarter. Farther Finance Advisors LLC now owns 1,456 shares of the business services provider’s stock worth $53,000 after buying an additional 563 shares during the period. Tripletail Wealth Management LLC lifted its holdings in Barrett Business Services by 152.6% during the fourth quarter. Tripletail Wealth Management LLC now owns 1,920 shares of the business services provider’s stock worth $70,000 after buying an additional 1,160 shares during the period. Finally, NewEdge Advisors LLC boosted its position 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 valued at $83,000 after acquiring an additional 1,459 shares in the last quarter. Hedge funds and other institutional investors own 86.76% of the company’s stock.

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.