Roth Mkm Forecasts Strong Price Appreciation for Barrett Business Services (NASDAQ:BBSI) Stock

Barrett Business Services (NASDAQ:BBSI) had its target price raised by Roth Mkm from $43.00 to $45.00 in a report released on Thursday,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

Separately, Barrington Research reaffirmed an “outperform” rating and set a $41.00 price objective on shares of Barrett Business Services in a research report on Tuesday, October 29th.

Barrett Business Services Trading Up 0.4 %

BBSI stock opened at $41.37 on Thursday. The firm has a market cap of $1.08 billion, a P/E ratio of 21.83, a P/E/G ratio of 1.35 and a beta of 1.39. The stock’s 50 day simple moving average is $36.91 and its 200 day simple moving average is $34.59. Barrett Business Services has a 12-month low of $25.58 and a 12-month high of $41.48.

Barrett Business Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Friday, November 22nd. Barrett Business Services’s dividend payout ratio (DPR) is 16.89%.

Insider Buying and Selling

In other Barrett Business Services news, CEO Gary Kramer sold 34,288 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $35.05, for a total value of $1,201,794.40. Following the completion of the transaction, the chief executive officer now owns 242,543 shares in the company, valued at approximately $8,501,132.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Barrett Business Services

Several institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets increased its stake in shares of Barrett Business Services by 10.3% during the first quarter. BNP Paribas Financial Markets now owns 5,462 shares of the business services provider’s stock valued at $692,000 after acquiring an additional 509 shares during the period. LSV Asset Management lifted its holdings in Barrett Business Services by 0.3% in the 1st quarter. LSV Asset Management now owns 30,072 shares of the business services provider’s stock valued at $3,811,000 after acquiring an additional 100 shares during the last quarter. Hillsdale Investment Management Inc. grew its stake in shares of Barrett Business Services by 8.7% in the 1st quarter. Hillsdale Investment Management Inc. now owns 42,470 shares of the business services provider’s stock worth $5,382,000 after purchasing an additional 3,400 shares during the last quarter. Quadrature Capital Ltd raised its holdings in shares of Barrett Business Services by 74.4% in the 1st quarter. Quadrature Capital Ltd now owns 10,435 shares of the business services provider’s stock worth $1,318,000 after purchasing an additional 4,450 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its stake in Barrett Business Services by 64.4% during the first quarter. Lazard Asset Management LLC now owns 2,546 shares of the business services provider’s stock valued at $322,000 after purchasing an additional 997 shares during the last quarter. Institutional investors and hedge funds own 86.76% of the company’s stock.

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.