Barrett Business Services, Inc. (BBSI) to Issue Quarterly Dividend of $0.08 on September 4th

Barrett Business Services, Inc. (NASDAQ:BBSI) announced a quarterly dividend on Monday, August 3rd. Stockholders of record on Friday, August 21st will be paid a dividend of 0.08 per share by the business services provider on Friday, September 4th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, August 21st.

Barrett Business Services has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 1 years. Barrett Business Services has a dividend payout ratio of 13.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Barrett Business Services to earn $2.01 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 15.9%.

Barrett Business Services Stock Up 5.2%

BBSI opened at $32.95 on Wednesday. The company has a market cap of $798.54 million, a P/E ratio of 24.23, a price-to-earnings-growth ratio of 1.20 and a beta of 0.94. The firm’s 50-day moving average price is $36.40 and its 200-day moving average price is $32.77. Barrett Business Services has a 52-week low of $25.33 and a 52-week high of $49.65.

Barrett Business Services (NASDAQ:BBSI) last released its earnings results on Wednesday, August 5th. The business services provider reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.04). Barrett Business Services had a return on equity of 20.95% and a net margin of 2.77%.The company had revenue of $319.27 million during the quarter, compared to analyst estimates of $321.55 million. On average, research analysts anticipate that Barrett Business Services will post 1.68 EPS for the current fiscal year.

Insider Buying and Selling at Barrett Business Services

In other Barrett Business Services news, EVP James R. Potts sold 3,490 shares of the stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $38.00, for a total transaction of $132,620.00. Following the sale, the executive vice president directly owned 32,035 shares of the company’s stock, valued at approximately $1,217,330. This trade represents a 9.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anthony Meeker sold 12,000 shares of Barrett Business Services stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $37.85, for a total value of $454,200.00. Following the transaction, the director owned 44,945 shares of the company’s stock, valued at $1,701,168.25. The trade was a 21.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 20,779 shares of company stock worth $786,233. 4.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC acquired a new position in Barrett Business Services in the fourth quarter valued at approximately $39,000. Bard Associates Inc. acquired a new stake in shares of Barrett Business Services during the 4th quarter worth approximately $50,000. Farther Finance Advisors LLC increased its holdings in shares of Barrett Business Services by 63.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,456 shares of the business services provider’s stock valued at $53,000 after purchasing an additional 563 shares in the last quarter. Tripletail Wealth Management LLC increased its holdings in shares of Barrett Business Services by 152.6% during the 4th quarter. Tripletail Wealth Management LLC now owns 1,920 shares of the business services provider’s stock valued at $70,000 after purchasing an additional 1,160 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Barrett Business Services by 131.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,206 shares of the business services provider’s stock valued at $78,000 after purchasing an additional 1,251 shares during the period. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

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.