Barrett Business Services, Inc. (NASDAQ:BBSI) Director Sells $189,044.16 in Stock

Barrett Business Services, Inc. (NASDAQ:BBSI) Director Thomas J. Carley sold 4,584 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $41.24, for a total transaction of $189,044.16. Following the transaction, the director now directly owns 91,628 shares of the company’s stock, valued at $3,778,738.72. The trade was a 4.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Barrett Business Services Trading Up 0.4 %

Shares of NASDAQ BBSI traded up $0.18 during mid-day trading on Tuesday, reaching $41.61. The company had a trading volume of 148,719 shares, compared to its average volume of 137,100. Barrett Business Services, Inc. has a 1-year low of $26.60 and a 1-year high of $43.29. The stock has a market cap of $1.08 billion, a PE ratio of 21.86, a P/E/G ratio of 1.39 and a beta of 1.39. The company has a 50-day moving average price of $37.72 and a two-hundred day moving average price of $35.09.

Barrett Business Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Friday, November 22nd. Barrett Business Services’s dividend payout ratio is presently 16.89%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BBSI. CWM LLC grew its position in Barrett Business Services by 12,014.3% during the 2nd quarter. CWM LLC now owns 848 shares of the business services provider’s stock worth $28,000 after purchasing an additional 841 shares in the last quarter. Amalgamated Bank grew its holdings in shares of Barrett Business Services by 300.0% during the second quarter. Amalgamated Bank now owns 936 shares of the business services provider’s stock valued at $31,000 after buying an additional 702 shares in the last quarter. Truvestments Capital LLC acquired a new position in Barrett Business Services during the third quarter valued at $34,000. Huntington National Bank purchased a new stake in Barrett Business Services in the 3rd quarter worth about $39,000. Finally, USA Financial Formulas acquired a new stake in Barrett Business Services during the 3rd quarter worth about $60,000. 86.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BBSI. Roth Mkm lifted their price target on Barrett Business Services from $43.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Barrington Research boosted their price target on Barrett Business Services from $41.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, StockNews.com upgraded shares of Barrett Business Services from a “hold” rating to a “buy” rating in a research report on Tuesday.

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.