Barrett Business Services, Inc. (NASDAQ:BBSI - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $38.87 and traded as high as $44.01. Barrett Business Services shares last traded at $43.85, with a volume of 65,701 shares.
Analysts Set New Price Targets
A number of brokerages have recently commented on BBSI. StockNews.com upgraded Barrett Business Services from a "hold" rating to a "buy" rating in a research note on Tuesday, November 19th. Roth Mkm upped their target price on Barrett Business Services from $43.00 to $45.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Finally, Barrington Research reiterated an "outperform" rating and set a $45.00 price target on shares of Barrett Business Services in a research report on Wednesday, December 11th.
Get Our Latest Research Report on Barrett Business Services
Barrett Business Services Stock Down 0.6 %
The stock has a market capitalization of $1.12 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 1.32 and a beta of 1.42. The stock has a fifty day moving average of $43.17 and a 200-day moving average of $39.01.
Barrett Business Services Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Friday, November 22nd. Barrett Business Services's dividend payout ratio is presently 16.89%.
Insider Transactions at Barrett Business Services
In related news, Director Joseph Stephen Clabby purchased 1,635 shares of the company's stock in a transaction that occurred on Tuesday, November 12th. The shares were purchased at an average price of $43.01 per share, for a total transaction of $70,321.35. Following the transaction, the director now directly owns 11,327 shares of the company's stock, valued at approximately $487,174.27. The trade was a 16.87 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Thomas B. Cusick sold 3,000 shares of Barrett Business Services stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $43.41, for a total value of $130,230.00. Following the completion of the sale, the director now directly owns 27,776 shares in the company, valued at $1,205,756.16. This represents a 9.75 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.70% of the company's stock.
Institutional Investors Weigh In On Barrett Business Services
A number of institutional investors have recently added to or reduced their stakes in the business. Summit Global Investments boosted its holdings in Barrett Business Services by 1.5% in the 3rd quarter. Summit Global Investments now owns 24,456 shares of the business services provider's stock valued at $917,000 after purchasing an additional 352 shares in the last quarter. Perkins Coie Trust Co boosted its stake in shares of Barrett Business Services by 11.1% during the 3rd quarter. Perkins Coie Trust Co now owns 4,000 shares of the business services provider's stock worth $150,000 after acquiring an additional 400 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Barrett Business Services by 5.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,310 shares of the business services provider's stock worth $462,000 after acquiring an additional 679 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Barrett Business Services by 1.7% during the 3rd quarter. Franklin Resources Inc. now owns 42,790 shares of the business services provider's stock worth $1,590,000 after acquiring an additional 704 shares in the last quarter. Finally, Lakewood Asset Management LLC boosted its stake in shares of Barrett Business Services by 8.2% during the 3rd quarter. Lakewood Asset Management LLC now owns 10,562 shares of the business services provider's stock worth $396,000 after acquiring an additional 798 shares in the last quarter. Hedge funds and other institutional investors own 86.76% of the company's stock.
About Barrett Business Services
(
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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.
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