Barrett Business Services, Inc. (NASDAQ:BBSI) Shares Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. lowered its holdings in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 7.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,963,115 shares of the business services provider’s stock after selling 147,435 shares during the period. Mawer Investment Management Ltd. owned 7.64% of Barrett Business Services worth $80,782,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BBSI. Private Trust Co. NA purchased a new position in Barrett Business Services during the 1st quarter worth $33,000. Prudent Man Investment Management Inc. purchased a new position in Barrett Business Services during the 4th quarter worth $35,000. Perkins Coie Trust Co raised its position in Barrett Business Services by 10.0% during the 1st quarter. Perkins Coie Trust Co now owns 4,400 shares of the business services provider’s stock worth $181,000 after buying an additional 400 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Barrett Business Services during the 4th quarter worth $209,000. Finally, Two Sigma Securities LLC purchased a new position in Barrett Business Services during the 4th quarter worth $218,000. Institutional investors and hedge funds own 86.76% of the company’s stock.

Barrett Business Services Stock Up 1.8%

Shares of BBSI opened at $46.52 on Tuesday. The company has a 50-day simple moving average of $42.49 and a 200-day simple moving average of $41.69. The company has a market capitalization of $1.19 billion, a PE ratio of 23.86, a P/E/G ratio of 1.55 and a beta of 0.99. Barrett Business Services, Inc. has a 52-week low of $31.77 and a 52-week high of $46.53.

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 (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.09. The business had revenue of $292.60 million during the quarter, compared to the consensus estimate of $285.91 million. Barrett Business Services had a net margin of 4.45% and a return on equity of 24.55%. The business’s revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.01) EPS. On average, research analysts anticipate that Barrett Business Services, Inc. will post 2 EPS for the current year.

Barrett Business Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were issued a $0.08 dividend. The ex-dividend date was Friday, May 23rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.69%. Barrett Business Services’s dividend payout ratio is presently 16.41%.

Insider Activity

In other news, Director Anthony Meeker sold 7,380 shares of the stock in a transaction dated 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 owned 55,504 shares in the company, valued at $2,338,938.56. This trade represents a 11.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas J. Carley sold 12,354 shares of the stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $42.60, for a total transaction of $526,280.40. Following the completion of the transaction, the director owned 91,628 shares of the company’s stock, valued at $3,903,352.80. This represents a 11.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,061 shares of company stock worth $1,406,470 in the last 90 days. 4.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

BBSI has been the subject of a number of analyst reports. Barrington Research restated an “outperform” rating and set a $45.00 price objective on shares of Barrett Business Services in a research report on Tuesday, May 6th. Wall Street Zen downgraded shares of Barrett Business Services from a “strong-buy” rating to a “hold” rating in a research report 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.