Barrett Business Services (NASDAQ:BBSI) CEO Buys $225,069.30 in Stock

Barrett Business Services, Inc. (NASDAQ:BBSI) CEO Gary Kramer acquired 8,370 shares of the company’s stock in a transaction dated Friday, March 13th. The stock was acquired at an average cost of $26.89 per share, for a total transaction of $225,069.30. Following the completion of the purchase, the chief executive officer directly owned 328,801 shares in the company, valued at $8,841,458.89. This trade represents a 2.61% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Barrett Business Services Price Performance

Shares of Barrett Business Services stock traded up $0.15 on Monday, hitting $27.65. 259,773 shares of the company’s stock traded hands, compared to its average volume of 348,695. The company has a fifty day moving average of $33.91 and a two-hundred day moving average of $38.03. Barrett Business Services, Inc. has a one year low of $25.33 and a one year high of $49.65. The company has a market capitalization of $696.78 million, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 0.96 and a beta of 1.03.

Barrett Business Services (NASDAQ:BBSI) last issued its earnings results on Wednesday, February 25th. The business services provider reported $0.64 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.64. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $323.43 million. Barrett Business Services had a return on equity of 23.67% and a net margin of 4.39%.The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 earnings per share. Equities research analysts anticipate that Barrett Business Services, Inc. will post 2 earnings per share for the current year.

Barrett Business Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th 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 1.2%. The ex-dividend date is Friday, March 13th. Barrett Business Services’s payout ratio is presently 15.31%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Roth Mkm reduced their price target on shares of Barrett Business Services from $54.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Zacks Research cut shares of Barrett Business Services from a “hold” rating to a “strong sell” rating in a research report on Friday, February 27th. Weiss Ratings restated a “hold (c+)” rating on shares of Barrett Business Services in a research note on Monday, December 29th. CJS Securities raised Barrett Business Services to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Barrington Research cut their price target on Barrett Business Services from $46.00 to $41.00 and set an “outperform” rating on the stock in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Barrett Business Services presently has a consensus rating of “Moderate Buy” and an average target price of $41.50.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BBSI. State of New Jersey Common Pension Fund D lifted its stake in shares of Barrett Business Services by 1.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 45,971 shares of the business services provider’s stock valued at $2,037,000 after buying an additional 477 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of Barrett Business Services by 2.9% during the second quarter. Hsbc Holdings PLC now owns 17,036 shares of the business services provider’s stock worth $709,000 after acquiring an additional 482 shares in the last quarter. Swiss National Bank raised its holdings in shares of Barrett Business Services by 1.0% in the 3rd quarter. Swiss National Bank now owns 49,800 shares of the business services provider’s stock worth $2,207,000 after acquiring an additional 500 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Barrett Business Services by 63.0% in the 4th quarter. Farther Finance Advisors LLC now owns 1,456 shares of the business services provider’s stock worth $53,000 after acquiring an additional 563 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Barrett Business Services by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,219 shares of the business services provider’s stock valued at $626,000 after acquiring an additional 633 shares in the last quarter. Institutional investors and hedge funds own 86.76% of the company’s stock.

Barrett Business Services Company 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.