Susquehanna International Group LLP Has $255,000 Position in Barrett Business Services, Inc. $BBSI

Susquehanna International Group LLP lessened its holdings in Barrett Business Services, Inc. (NASDAQ:BBSI) by 78.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,165 shares of the business services provider’s stock after selling 25,470 shares during the quarter. Susquehanna International Group LLP’s holdings in Barrett Business Services were worth $255,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Barrett Business Services during the 2nd quarter valued at about $72,793,000. Heartland Advisors Inc. acquired a new position in Barrett Business Services in the second quarter worth about $15,984,000. Tieton Capital Management LLC bought a new position in Barrett Business Services during the second quarter worth about $11,345,000. Polar Asset Management Partners Inc. bought a new position in Barrett Business Services during the first quarter worth about $8,316,000. Finally, Trigran Investments Inc. boosted its stake in Barrett Business Services by 62.3% in the 4th quarter. Trigran Investments Inc. now owns 648,738 shares of the business services provider’s stock valued at $23,491,000 after buying an additional 249,052 shares in the last quarter. Institutional investors and hedge funds own 86.76% of the company’s stock.

Barrett Business Services Stock Performance

NASDAQ BBSI opened at $33.79 on Wednesday. The stock has a market capitalization of $819.07 million, a P/E ratio of 24.85, a price-to-earnings-growth ratio of 1.28 and a beta of 0.92. Barrett Business Services, Inc. has a 52 week low of $25.33 and a 52 week high of $49.65. The stock has a fifty day moving average of $36.46 and a 200-day moving average of $32.56.

Barrett Business Services (NASDAQ:BBSI) last issued its quarterly earnings results on Wednesday, August 5th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.04). The firm had revenue of $319.27 million for the quarter, compared to analyst estimates of $321.55 million. Barrett Business Services had a net margin of 2.77% and a return on equity of 20.95%. Equities research analysts forecast that Barrett Business Services, Inc. will post 1.68 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, September 4th. Shareholders of record on Friday, August 21st will be given a dividend of $0.08 per share. The ex-dividend date is Friday, August 21st. This represents a $0.32 dividend on an annualized basis and a yield of 0.9%. Barrett Business Services’s dividend payout ratio is presently 23.53%.

Analyst Ratings Changes

Several research firms have recently weighed in on BBSI. Weiss Ratings raised shares of Barrett Business Services from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 13th. Wall Street Zen upgraded shares of Barrett Business Services from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. Zacks Research cut shares of Barrett Business Services from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. Roth Capital lowered shares of Barrett Business Services from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $42.00 to $38.00 in a report on Thursday, August 6th. Finally, Barrington Research set a $44.00 target price on shares of Barrett Business Services in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $41.00.

Insider Activity

In other news, EVP James R. Potts sold 3,490 shares of Barrett Business Services stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $38.00, for a total transaction of $132,620.00. Following the completion of the sale, the executive vice president owned 32,035 shares in the company, valued at $1,217,330. The trade was a 9.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Anthony Meeker sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $37.85, for a total transaction of $454,200.00. Following the sale, the director directly owned 44,945 shares of the company’s stock, valued at approximately $1,701,168.25. This trade represents a 21.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 20,779 shares of company stock worth $786,233 in the last ninety days. Insiders own 4.80% of the company’s stock.

Barrett Business Services Profile

Barrett Business Services, Inc (NASDAQ: BBSI) is a professional employer organization (PEO) headquartered in Northridge, California. Founded in 1971 by Barrett K. Levesque, the company provides comprehensive human resources outsourcing solutions to small and mid-sized businesses. Through its consultative model, Barrett Business Services helps clients streamline administrative processes, mitigate regulatory risk and focus on core operations.

The company’s core offerings include payroll administration, employee benefits management, workers’ compensation and risk management services.