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

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

Barrett Business Services Stock Performance

Shares of NASDAQ BBSI traded up $0.44 during trading on Tuesday, hitting $38.05. The company had a trading volume of 202,149 shares, compared to its average volume of 243,837. Barrett Business Services, Inc. has a 12 month low of $25.33 and a 12 month high of $49.65. The firm has a market capitalization of $934.51 million, a P/E ratio of 24.71, a price-to-earnings-growth ratio of 1.26 and a beta of 0.95. The stock has a 50 day simple moving average of $32.60 and a 200 day simple moving average of $32.78.

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

Barrett Business Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were given a dividend of $0.08 per share. The ex-dividend date 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 (DPR) is presently 20.78%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mawer Investment Management Ltd. increased its holdings in Barrett Business Services by 0.7% during the fourth quarter. Mawer Investment Management Ltd. now owns 1,964,053 shares of the business services provider’s stock valued at $71,118,000 after buying an additional 13,331 shares during the period. Private Capital Management LLC raised its stake in Barrett Business Services by 1.2% in the fourth quarter. Private Capital Management LLC now owns 999,371 shares of the business services provider’s stock worth $36,187,000 after buying an additional 12,117 shares in the last quarter. Royce & Associates LP lifted its holdings in Barrett Business Services by 31.6% during the fourth quarter. Royce & Associates LP now owns 870,863 shares of the business services provider’s stock worth $31,534,000 after buying an additional 208,865 shares during the period. Wellington Management Group LLP boosted its position in Barrett Business Services by 15.3% during the 4th quarter. Wellington Management Group LLP now owns 821,560 shares of the business services provider’s stock valued at $29,749,000 after acquiring an additional 109,069 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Barrett Business Services by 4.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 661,181 shares of the business services provider’s stock valued at $19,295,000 after acquiring an additional 25,221 shares in the last quarter. 86.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BBSI. Barrington Research restated an “outperform” rating and set a $41.00 price target on shares of Barrett Business Services in a report on Monday, April 27th. 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. 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. Finally, Wall Street Zen upgraded shares of Barrett Business Services from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. 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. According to MarketBeat, the company has an average 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.