Barrett Business Services, Inc. (NASDAQ:BBSI - Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as $43.23 and last traded at $43.23, with a volume of 1547 shares trading hands. The stock had previously closed at $42.79.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the stock. StockNews.com cut shares of Barrett Business Services from a "buy" rating to a "hold" rating in a research note on Monday. Roth Mkm lifted their target price on shares of Barrett Business Services from $43.00 to $45.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Finally, Barrington Research lifted their target price on shares of Barrett Business Services from $41.00 to $45.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th.
Read Our Latest Report on Barrett Business Services
Barrett Business Services Stock Performance
The company has a market capitalization of $1.10 billion, a P/E ratio of 22.46, a P/E/G ratio of 1.43 and a beta of 1.39. The business's fifty day simple moving average is $37.31 and its 200-day simple moving average is $34.82.
Barrett Business Services Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.75%. Barrett Business Services's dividend payout ratio (DPR) is presently 16.89%.
Insider Transactions at Barrett Business Services
In other news, CEO Gary Kramer sold 34,288 shares of the business's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $35.05, for a total value of $1,201,794.40. Following the sale, the chief executive officer now directly owns 242,543 shares in the company, valued at $8,501,132.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.70% of the company's stock.
Institutional Trading of Barrett Business Services
Large investors have recently made changes to their positions in the business. Mawer Investment Management Ltd. boosted its stake in shares of Barrett Business Services by 236.4% during the 3rd quarter. Mawer Investment Management Ltd. now owns 1,834,452 shares of the business services provider's stock worth $68,810,000 after purchasing an additional 1,289,147 shares during the period. Dimensional Fund Advisors LP boosted its position in Barrett Business Services by 281.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 867,708 shares of the business services provider's stock valued at $28,435,000 after buying an additional 640,508 shares during the period. Renaissance Technologies LLC boosted its position in Barrett Business Services by 299.4% in the 2nd quarter. Renaissance Technologies LLC now owns 798,500 shares of the business services provider's stock valued at $26,167,000 after buying an additional 598,567 shares during the period. American Century Companies Inc. boosted its position in Barrett Business Services by 155.9% in the 2nd quarter. American Century Companies Inc. now owns 535,896 shares of the business services provider's stock valued at $17,561,000 after buying an additional 326,502 shares during the period. Finally, Thrivent Financial for Lutherans purchased a new stake in Barrett Business Services in the 3rd quarter valued at about $16,422,000. 86.76% of the stock is currently owned by institutional investors.
About Barrett Business Services
(
Get Free Report)
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.
Further Reading
Before you consider Barrett Business Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Barrett Business Services wasn't on the list.
While Barrett Business Services currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for November 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
