Barrett Business Services, Inc. (NASDAQ:BBSI) Short Interest Update

Barrett Business Services, Inc. (NASDAQ:BBSI) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 643,400 shares, a growth of 6.6% from the December 15th total of 603,500 shares. Based on an average daily trading volume, of 119,000 shares, the short-interest ratio is presently 5.4 days.

Insider Buying and Selling at Barrett Business Services

In other Barrett Business Services news, Director Thomas J. Carley sold 4,584 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $41.24, for a total transaction of $189,044.16. Following the transaction, the director now directly owns 91,628 shares in the company, valued at approximately $3,778,738.72. This represents a 4.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas B. Cusick sold 3,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $43.41, for a total transaction of $130,230.00. Following the completion of the transaction, the director now owns 27,776 shares in the company, valued at $1,205,756.16. This represents a 9.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Amalgamated Bank grew its holdings in Barrett Business Services by 300.0% in the 2nd quarter. Amalgamated Bank now owns 936 shares of the business services provider’s stock worth $31,000 after acquiring an additional 702 shares during the last quarter. Truvestments Capital LLC purchased a new stake in Barrett Business Services in the 3rd quarter worth approximately $34,000. Westside Investment Management Inc. purchased a new position in shares of Barrett Business Services during the third quarter valued at approximately $34,000. Huntington National Bank bought a new position in shares of Barrett Business Services during the third quarter valued at approximately $39,000. Finally, USA Financial Formulas purchased a new stake in Barrett Business Services in the third quarter worth $60,000. 86.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BBSI has been the topic of several recent analyst reports. StockNews.com raised shares of Barrett Business Services from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Roth Mkm boosted their price target on shares of Barrett Business Services from $43.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $45.00 price objective on shares of Barrett Business Services in a research note on Wednesday, December 11th.

Barrett Business Services Price Performance

NASDAQ:BBSI opened at $43.86 on Monday. The company has a market capitalization of $1.14 billion, a P/E ratio of 23.15, a P/E/G ratio of 1.25 and a beta of 1.42. The business has a fifty day simple moving average of $42.87 and a two-hundred day simple moving average of $38.39. Barrett Business Services has a 1 year low of $27.06 and a 1 year high of $44.97.

Barrett Business Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend was Friday, November 22nd. Barrett Business Services’s payout ratio is 16.93%.

Barrett Business Services Company Profile

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.