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 the company’s stock in a transaction dated Tuesday, November 11th. The shares were purchased at an average price 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Barrett Business Services Stock Up 0.5%

Shares of BBSI stock traded up $0.16 on Wednesday, hitting $34.85. The stock had a trading volume of 338,481 shares, compared to its average volume of 156,913. The stock’s 50 day moving average is $43.32 and its 200-day moving average is $43.46. The firm has a market capitalization of $893.03 million, a price-to-earnings ratio of 17.17, a P/E/G ratio of 1.31 and a beta of 1.00. Barrett Business Services, Inc. has a 52-week low of $33.01 and a 52-week high of $49.65. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.25 and a current ratio of 1.25.

Barrett Business Services (NASDAQ:BBSI) last issued its quarterly earnings data on Wednesday, November 5th. The business services provider reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.02). The firm had revenue of $318.95 million during 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%.The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.74 EPS. As a group, research analysts expect that Barrett Business Services, Inc. will post 2 earnings per share for the current year.

Barrett Business Services Announces Dividend

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

Wall Street Analysts Forecast Growth

BBSI has been the topic of a number of recent analyst reports. Wall Street Zen lowered Barrett Business Services from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. 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. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Barrett Business Services in a report on Wednesday, November 5th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $46.00.

Institutional Trading of Barrett Business Services

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bessemer Group Inc. lifted its position in shares of Barrett Business Services by 821,045.1% in the 3rd quarter. Bessemer Group Inc. now owns 418,784 shares of the business services provider’s stock worth $18,562,000 after buying an additional 418,733 shares during the last quarter. Riverbridge Partners LLC acquired a new stake in Barrett Business Services during the second quarter worth about $14,792,000. Thrivent Financial for Lutherans lifted its holdings in Barrett Business Services by 20.6% in the third quarter. Thrivent Financial for Lutherans now owns 1,901,425 shares of the business services provider’s stock worth $84,271,000 after acquiring an additional 324,715 shares during the last quarter. Nuveen LLC acquired a new position in Barrett Business Services in the first quarter valued at approximately $12,999,000. Finally, Trigran Investments Inc. grew its holdings in shares of Barrett Business Services by 121.3% during the third quarter. Trigran Investments Inc. now owns 399,686 shares of the business services provider’s stock valued at $17,714,000 after purchasing an additional 219,049 shares during the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

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.