Barrett Business Services (NASDAQ:BBSI) Director Buys $34,830.00 in Stock

Barrett Business Services, Inc. (NASDAQ:BBSI) Director Joseph Stephen Clabby acquired 1,000 shares of Barrett Business Services stock in a transaction that occurred on Tuesday, November 11th. The shares were purchased at an average cost of $34.83 per share, for a total transaction of $34,830.00. Following the purchase, the director directly owned 15,391 shares of the company’s stock, valued at approximately $536,068.53. This trade represents a 6.95% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Barrett Business Services Trading Up 0.5%

BBSI stock traded up $0.16 during midday trading on Wednesday, hitting $34.85. The stock had a trading volume of 338,481 shares, compared to its average volume of 156,913. The company’s 50-day moving average price is $43.32 and its 200 day moving average price is $43.46. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market cap of $893.03 million, a PE ratio of 17.17, a price-to-earnings-growth ratio of 1.31 and a beta of 1.00. Barrett Business Services, Inc. has a 12-month low of $33.01 and a 12-month high of $49.65.

Barrett Business Services (NASDAQ:BBSI) last posted its quarterly earnings data on Wednesday, November 5th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.02). The business had revenue of $318.95 million for the quarter, compared to analyst estimates of $319.27 million. Barrett Business Services had a return on equity of 24.59% and a net margin of 4.49%.Barrett Business Services’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.74 EPS. On average, equities research analysts predict that Barrett Business Services, Inc. will post 2 earnings per share for the current fiscal year.

Barrett Business Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 21st will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, November 21st. Barrett Business Services’s dividend payout ratio (DPR) is presently 15.38%.

Institutional Investors Weigh In On Barrett Business Services

Institutional investors have recently bought and sold shares of the business. Tripletail Wealth Management LLC acquired a new stake in shares of Barrett Business Services in the third quarter worth $34,000. Farther Finance Advisors LLC boosted its position in Barrett Business Services by 1,388.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 893 shares of the business services provider’s stock worth $40,000 after purchasing an additional 833 shares during the period. AlphaQuest LLC acquired a new stake in Barrett Business Services in the 3rd quarter valued at $54,000. State of Alaska Department of Revenue purchased a new position in Barrett Business Services in the third quarter valued at about $66,000. Finally, Quantbot Technologies LP acquired a new position in shares of Barrett Business Services during the first quarter worth about $75,000. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BBSI shares. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Barrett Business Services in a research note on Wednesday, November 5th. Wall Street Zen lowered shares of Barrett Business Services from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, Barrington Research set a $46.00 price target on shares of Barrett Business Services and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $46.00.

About Barrett Business Services

Barrett Business Services, Inc provides business management solutions for small and mid-sized companies in the United States. The company develops a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry.