Barrett Business Services, Inc. (NASDAQ:BBSI) Director Sells $526,280.40 in Stock

Barrett Business Services, Inc. (NASDAQ:BBSI) Director Thomas J. Carley sold 12,354 shares of the firm’s stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $42.60, for a total transaction of $526,280.40. Following the transaction, the director now directly owns 91,628 shares of the company’s stock, valued at $3,903,352.80. This represents a 11.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Barrett Business Services Stock Performance

Shares of BBSI stock opened at $41.40 on Friday. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 1.21 and a beta of 1.02. Barrett Business Services, Inc. has a one year low of $30.96 and a one year high of $44.97. The company’s 50-day moving average is $40.77 and its 200 day moving average is $41.73.

Barrett Business Services (NASDAQ:BBSI) last issued its earnings results on Wednesday, May 7th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.09. Barrett Business Services had a net margin of 4.55% and a return on equity of 25.28%. The firm had revenue of $292.60 million for the quarter, compared to the consensus estimate of $285.91 million. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. The business’s revenue was up 10.1% on a year-over-year basis. As a group, research analysts predict that Barrett Business Services, Inc. will post 2 earnings per share for the current fiscal year.

Barrett Business Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, May 23rd. This represents a $0.32 annualized dividend and a yield of 0.77%. Barrett Business Services’s dividend payout ratio is 16.41%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Wall Street Zen downgraded Barrett Business Services from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 16th. Barrington Research reissued an “outperform” rating and issued a $45.00 target price on shares of Barrett Business Services in a report on Tuesday, May 6th.

Institutional Trading of Barrett Business Services

A number of institutional investors and hedge funds have recently modified their holdings of the business. Private Trust Co. NA bought a new position in shares of Barrett Business Services during the first quarter valued at $33,000. Prudent Man Investment Management Inc. bought a new stake in Barrett Business Services in the 4th quarter worth about $35,000. Quantbot Technologies LP purchased a new position in Barrett Business Services in the 1st quarter worth about $75,000. PNC Financial Services Group Inc. lifted its stake in Barrett Business Services by 26.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,309 shares of the business services provider’s stock valued at $95,000 after acquiring an additional 482 shares during the period. Finally, Virtus Advisers LLC bought a new position in Barrett Business Services during the 1st quarter valued at about $163,000. Institutional investors 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.