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

Barrett Business Services, Inc. (NASDAQ:BBSI) EVP James Potts sold 1,802 shares of the stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $38.00, for a total value of $68,476.00. Following the transaction, the executive vice president owned 39,012 shares in the company, valued at $1,482,456. This trade represents a 4.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Barrett Business Services Stock Performance

Shares of NASDAQ BBSI opened at $38.05 on Wednesday. The firm has a market cap of $934.51 million, a PE ratio of 24.71, a PEG ratio of 1.25 and a beta of 0.95. The firm has a fifty day moving average of $32.75 and a 200 day moving average of $32.79. Barrett Business Services, Inc. has a one year low of $25.33 and a one year high of $49.65.

Barrett Business Services (NASDAQ:BBSI) last released its earnings results on Wednesday, May 6th. The business services provider reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $307.00 million during the quarter, compared to analysts’ expectations of $306.68 million. During the same quarter in the previous year, the company earned ($0.04) earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. On average, equities analysts predict that Barrett Business Services, Inc. will post 1.88 EPS for the current fiscal year.

Barrett Business Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued 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 0.8%. Barrett Business Services’s dividend payout ratio is presently 20.78%.

Institutional Investors Weigh In On Barrett Business Services

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Mawer Investment Management Ltd. lifted its holdings in shares of Barrett Business Services by 0.7% in the 4th quarter. Mawer Investment Management Ltd. now owns 1,964,053 shares of the business services provider’s stock worth $71,118,000 after acquiring an additional 13,331 shares during the last quarter. Private Capital Management LLC increased its holdings in 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 valued at $36,187,000 after purchasing an additional 12,117 shares during the last quarter. Royce & Associates LP raised its position in Barrett Business Services by 31.6% in the fourth 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 during the period. Wellington Management Group LLP raised its position in Barrett Business Services by 15.3% in 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 purchasing an additional 109,069 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Barrett Business Services by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 661,181 shares of the business services provider’s stock worth $19,295,000 after purchasing an additional 25,221 shares in the last quarter. 86.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.