Barrett Business Services, Inc. (NASDAQ:BBSI) COO Gerald Blotz Sells 13,327 Shares of Stock

Barrett Business Services, Inc. (NASDAQ:BBSI) COO Gerald Blotz sold 13,327 shares of the business’s stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $42.71, for a total value of $569,196.17. Following the completion of the sale, the chief operating officer owned 209,096 shares in the company, valued at $8,930,490.16. The trade was a 5.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Barrett Business Services Stock Performance

Shares of NASDAQ:BBSI opened at $43.17 on Friday. 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 capitalization of $1.11 billion, a P/E ratio of 22.14, a price-to-earnings-growth ratio of 1.45 and a beta of 0.99. The company has a 50-day simple moving average of $41.61 and a 200 day simple moving average of $41.57.

Barrett Business Services (NASDAQ:BBSI) last issued its quarterly earnings data on Wednesday, May 7th. The business services provider reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.09. Barrett Business Services had a return on equity of 24.55% and a net margin of 4.45%. The firm had revenue of $292.60 million for the quarter, compared to analyst estimates of $285.91 million. During the same period in the prior year, the firm posted ($0.01) EPS. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. As a group, equities analysts forecast that Barrett Business Services, Inc. will post 2 earnings per share for the current year.

Barrett Business Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Friday, May 23rd. Barrett Business Services’s dividend payout ratio (DPR) is presently 16.41%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Voya Investment Management LLC increased its holdings in shares of Barrett Business Services by 12.1% during the first quarter. Voya Investment Management LLC now owns 13,595 shares of the business services provider’s stock valued at $559,000 after acquiring an additional 1,467 shares in the last quarter. Strs Ohio bought a new position in Barrett Business Services in the 1st quarter worth approximately $658,000. Jane Street Group LLC purchased a new position in shares of Barrett Business Services in the first quarter valued at $1,732,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Barrett Business Services during the first quarter valued at about $322,000. Finally, Millennium Management LLC purchased a new stake in Barrett Business Services in the 1st quarter worth approximately $3,747,000. Institutional investors and hedge funds own 86.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BBSI. Barrington Research reissued an “outperform” rating and issued a $45.00 price objective on shares of Barrett Business Services in a research report on Tuesday, May 6th. Wall Street Zen lowered shares of Barrett Business Services from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 16th.

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.