Janney Montgomery Scott LLC Makes New Investment in Barrett Business Services, Inc. (NASDAQ:BBSI)

Janney Montgomery Scott LLC purchased a new stake in Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 11,075 shares of the business services provider's stock, valued at approximately $481,000.

A number of other institutional investors have also recently made changes to their positions in the business. Truvestments Capital LLC bought a new stake in Barrett Business Services in the third quarter worth about $34,000. Westside Investment Management Inc. bought a new stake in Barrett Business Services in the third quarter worth about $34,000. Huntington National Bank bought a new stake in Barrett Business Services in the third quarter worth about $39,000. Quantbot Technologies LP bought a new stake in Barrett Business Services in the third quarter worth about $77,000. Finally, Sanctuary Advisors LLC bought a new stake in Barrett Business Services in the second quarter worth about $122,000. Institutional investors own 86.76% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BBSI. 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 note on Thursday, November 7th. StockNews.com raised shares of Barrett Business Services from a "hold" rating to a "buy" rating in a research report on Tuesday, November 19th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $45.00 target price on shares of Barrett Business Services in a research report on Wednesday, December 11th.

Barrett Business Services Price Performance

Shares of NASDAQ:BBSI traded up $0.32 during trading on Thursday, reaching $42.53. 130,316 shares of the company were exchanged, compared to its average volume of 86,476. The firm has a market capitalization of $1.10 billion, a PE ratio of 22.44, a P/E/G ratio of 1.31 and a beta of 1.41. The business's fifty day simple moving average is $43.11 and its 200-day simple moving average is $39.55. Barrett Business Services, Inc. has a 12-month low of $27.19 and a 12-month high of $44.97.

Insider Transactions at Barrett Business Services

In related news, Director Thomas J. Carley sold 4,584 shares of Barrett Business Services stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $41.24, for a total transaction of $189,044.16. Following the transaction, the director now directly owns 91,628 shares of the company's stock, valued at $3,778,738.72. This trade represents a 4.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 transaction of $130,230.00. Following the transaction, the director now directly owns 27,776 shares in the company, valued at approximately $1,205,756.16. The trade was a 9.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company's stock.

Barrett Business Services Company Profile

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.