Anthony Meeker Sells 7,380 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI) Stock

Barrett Business Services, Inc. (NASDAQ:BBSI) Director Anthony Meeker sold 7,380 shares of the company’s stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $42.14, for a total value of $310,993.20. Following the completion of the transaction, the director now directly owns 55,504 shares in the company, valued at $2,338,938.56. This represents a 11.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Barrett Business Services Stock Performance

Shares of BBSI opened at $41.29 on Friday. The stock has a fifty day moving average price of $41.08 and a two-hundred day moving average price of $41.71. Barrett Business Services, Inc. has a 52-week low of $31.77 and a 52-week high of $44.97. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 1.21 and a beta of 1.01.

Barrett Business Services (NASDAQ:BBSI) last announced its quarterly earnings results on Wednesday, May 7th. The business services provider reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $292.60 million for the quarter, compared to analysts’ expectations of $285.91 million. During the same period last year, the firm posted ($0.01) earnings per share. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, research analysts predict that Barrett Business Services, Inc. will post 2 EPS for the current fiscal year.

Barrett Business Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $0.32 annualized dividend and a yield of 0.78%. Barrett Business Services’s dividend payout ratio (DPR) is presently 16.41%.

Institutional Investors Weigh In On Barrett Business Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in BBSI. Private Trust Co. NA bought a new stake in Barrett Business Services during the 1st quarter worth about $33,000. Prudent Man Investment Management Inc. bought a new stake in Barrett Business Services during the 4th quarter worth about $35,000. Quantbot Technologies LP bought a new stake in Barrett Business Services during the 1st quarter worth about $75,000. PNC Financial Services Group Inc. lifted its position 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 worth $95,000 after buying an additional 482 shares in the last quarter. Finally, Virtus Advisers LLC bought a new stake in Barrett Business Services during the 1st quarter worth about $163,000. 86.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on BBSI shares. Wall Street Zen cut shares of Barrett Business Services from a “strong-buy” rating to a “hold” rating in a report on Friday, May 16th. Barrington Research restated an “outperform” rating and set a $45.00 price target on shares of Barrett Business Services in a report on Tuesday, May 6th.

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.