James B. Hicks Sells 2,176 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI) Stock

Barrett Business Services, Inc. (NASDAQ:BBSI) Director James B. Hicks sold 2,176 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $85.20, for a total value of $185,395.20. Following the completion of the sale, the director now owns 17,618 shares of the company’s stock, valued at $1,501,053.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of Barrett Business Services stock traded up $2.04 on Friday, reaching $88.19. The company’s stock had a trading volume of 48,800 shares, compared to its average volume of 52,886. The company has a market capitalization of $653.83 million, a P/E ratio of 14.10 and a beta of 0.95. Barrett Business Services, Inc. has a 52-week low of $53.10 and a 52-week high of $91.92. The stock has a 50-day moving average price of $85.75 and a 200-day moving average price of $78.35. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17.

Barrett Business Services (NASDAQ:BBSI) last posted its quarterly earnings data on Tuesday, August 6th. The business services provider reported $1.81 EPS for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.12. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Barrett Business Services had a return on equity of 39.94% and a net margin of 5.09%. Sell-side analysts forecast that Barrett Business Services, Inc. will post 5.53 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 23rd will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This is a positive change from Barrett Business Services’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.36%. Barrett Business Services’s payout ratio is currently 20.08%.

BBSI has been the subject of a number of recent analyst reports. BidaskClub upgraded Barrett Business Services from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Roth Capital boosted their price objective on Barrett Business Services from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, Zacks Investment Research upgraded Barrett Business Services from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $108.33.

Large investors have recently modified their holdings of the company. FMR LLC boosted its stake in shares of Barrett Business Services by 97.0% in the fourth quarter. FMR LLC now owns 152,531 shares of the business services provider’s stock worth $8,732,000 after acquiring an additional 75,117 shares during the last quarter. Martingale Asset Management L P boosted its stake in shares of Barrett Business Services by 17.1% in the first quarter. Martingale Asset Management L P now owns 41,014 shares of the business services provider’s stock worth $3,173,000 after acquiring an additional 6,000 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Barrett Business Services by 49,366.7% in the first quarter. BNP Paribas Arbitrage SA now owns 1,484 shares of the business services provider’s stock worth $115,000 after acquiring an additional 1,481 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Barrett Business Services by 99.1% in the first quarter. Acadian Asset Management LLC now owns 39,144 shares of the business services provider’s stock worth $3,025,000 after acquiring an additional 19,484 shares during the last quarter. Finally, EagleClaw Capital Managment LLC boosted its stake in shares of Barrett Business Services by 10.0% in the first quarter. EagleClaw Capital Managment LLC now owns 12,075 shares of the business services provider’s stock worth $934,000 after acquiring an additional 1,100 shares during the last quarter. 83.13% of the stock is currently owned by hedge funds and other institutional investors.

Barrett Business Services Company Profile

Barrett Business Services, Inc provides business management solutions for small and mid-sized companies in the United States. It develops a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry. The company offers professional employer services under which it enters into a client services agreement to establish a co-employment relationship with each client company, assuming responsibility for payroll, payroll taxes, workers' compensation coverage, and other administration functions for the client's existing workforce.

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