Shares of Barrett Business Services, Inc. (NASDAQ:BBSI - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $38.23 and traded as high as $44.04. Barrett Business Services shares last traded at $43.94, with a volume of 93,192 shares.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the stock. Roth Mkm raised their price objective on shares of Barrett Business Services from $43.00 to $45.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. StockNews.com upgraded Barrett Business Services from a "hold" rating to a "buy" rating in a research note on Tuesday, November 19th. Finally, Barrington Research restated an "outperform" rating and issued a $45.00 price target on shares of Barrett Business Services in a research note on Wednesday, December 11th.
Read Our Latest Research Report on Barrett Business Services
Barrett Business Services Trading Down 0.2 %
The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 23.15, a PEG ratio of 1.25 and a beta of 1.42. The firm's 50 day simple moving average is $42.87 and its two-hundred day simple moving average is $38.31.
Barrett Business Services Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were given a $0.08 dividend. The ex-dividend date was Friday, November 22nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.73%. Barrett Business Services's payout ratio is 16.89%.
Insider Activity at Barrett Business Services
In other Barrett Business Services news, Director Thomas B. Cusick sold 3,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $43.41, for a total transaction of $130,230.00. Following 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Joseph Stephen Clabby bought 1,635 shares of the company's stock in a transaction dated Tuesday, November 12th. The stock was purchased at an average price of $43.01 per share, with a total value of $70,321.35. Following the completion of the transaction, the director now directly owns 11,327 shares in the company, valued at approximately $487,174.27. This represents a 16.87 % increase in their position. The disclosure for this purchase can be found here. 3.70% of the stock is currently owned by corporate insiders.
Institutional Trading of Barrett Business Services
Several large investors have recently made changes to their positions in BBSI. Mawer Investment Management Ltd. lifted its stake in Barrett Business Services by 236.4% during the third 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 last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Barrett Business Services by 281.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 867,708 shares of the business services provider's stock worth $28,435,000 after buying an additional 640,508 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Barrett Business Services by 299.4% during the 2nd quarter. Renaissance Technologies LLC now owns 798,500 shares of the business services provider's stock worth $26,167,000 after buying an additional 598,567 shares during the last quarter. Geode Capital Management LLC boosted its stake in Barrett Business Services by 4.8% in the third quarter. Geode Capital Management LLC now owns 705,598 shares of the business services provider's stock valued at $26,471,000 after buying an additional 32,632 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Barrett Business Services by 19.3% in the third quarter. JPMorgan Chase & Co. now owns 546,510 shares of the business services provider's stock valued at $20,500,000 after buying an additional 88,350 shares in the last quarter. Institutional investors and hedge funds own 86.76% of the company's stock.
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.
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