Joseph Stephen Clabby Buys 1,635 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI) Stock

Barrett Business Services, Inc. (NASDAQ:BBSI) Director Joseph Stephen Clabby bought 1,635 shares of Barrett Business Services stock in a transaction that occurred on Tuesday, November 12th. The shares were acquired at an average price of $43.01 per share, with a total value of $70,321.35. Following the completion of the acquisition, the director now directly owns 11,327 shares of the company’s stock, valued at $487,174.27. This represents a 16.87 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Barrett Business Services Stock Up 0.4 %

NASDAQ:BBSI traded up $0.18 during trading hours on Tuesday, hitting $41.61. 148,719 shares of the stock were exchanged, compared to its average volume of 137,100. The company has a market capitalization of $1.08 billion, a P/E ratio of 21.96, a price-to-earnings-growth ratio of 1.39 and a beta of 1.39. Barrett Business Services, Inc. has a twelve month low of $26.60 and a twelve month high of $43.29. The company’s 50 day moving average is $37.83 and its two-hundred day moving average is $35.16.

Barrett Business Services Announces Dividend

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

Analysts Set New Price Targets

BBSI has been the topic of several research analyst reports. Roth Mkm lifted their target price on Barrett Business Services from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Barrington Research upped their target price 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 raised Barrett Business Services from a “hold” rating to a “buy” rating in a research report on Tuesday.

Hedge Funds Weigh In On Barrett Business Services

Large investors have recently added to or reduced their stakes in the company. Summit Global Investments raised its stake in Barrett Business Services by 1.5% in the third quarter. Summit Global Investments now owns 24,456 shares of the business services provider’s stock valued at $917,000 after buying an additional 352 shares during the period. Perkins Coie Trust Co lifted its position in shares of Barrett Business Services by 11.1% in the 3rd quarter. Perkins Coie Trust Co now owns 4,000 shares of the business services provider’s stock worth $150,000 after purchasing an additional 400 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Barrett Business Services by 5.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,310 shares of the business services provider’s stock valued at $462,000 after purchasing an additional 679 shares during the period. Amalgamated Bank grew its holdings in Barrett Business Services by 300.0% in the second quarter. Amalgamated Bank now owns 936 shares of the business services provider’s stock worth $31,000 after purchasing an additional 702 shares during the period. Finally, Lakewood Asset Management LLC lifted its holdings in shares of Barrett Business Services by 8.2% in the 3rd quarter. Lakewood Asset Management LLC now owns 10,562 shares of the business services provider’s stock worth $396,000 after purchasing an additional 798 shares in the last quarter. Institutional investors own 86.76% of the company’s stock.

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.