Barrett Business Services, Inc. (BBSI) to Distribute Quarterly Dividend of $0.08 on September 4th

Barrett Business Services, Inc. (NASDAQ:BBSI) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Friday, August 21st will be paid a dividend of 0.08 per share by the business services provider on Friday, September 4th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, August 21st.

Barrett Business Services has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 1 years. Barrett Business Services has a dividend payout ratio of 13.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Barrett Business Services to earn $2.22 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 14.4%.

Barrett Business Services Stock Performance

Barrett Business Services stock opened at $33.09 on Friday. The stock has a market cap of $812.69 million, a PE ratio of 24.33, a price-to-earnings-growth ratio of 1.34 and a beta of 0.94. The stock has a 50-day moving average of $36.54 and a two-hundred day moving average of $33.08. Barrett Business Services has a one year low of $25.33 and a one year high of $49.65.

Barrett Business Services (NASDAQ:BBSI) last issued its quarterly earnings results on Wednesday, August 5th. The business services provider reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.04). Barrett Business Services had a return on equity of 20.38% and a net margin of 2.77%.The business had revenue of $319.27 million for the quarter, compared to analysts’ expectations of $321.55 million. As a group, sell-side analysts predict that Barrett Business Services will post 1.88 EPS for the current fiscal year.

Insider Activity at Barrett Business Services

In related news, Director Anthony Meeker sold 12,000 shares of the stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $37.85, for a total value of $454,200.00. Following the completion of the transaction, the director directly owned 44,945 shares of the company’s stock, valued at approximately $1,701,168.25. This represents a 21.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James R. Potts sold 3,490 shares of Barrett Business Services stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $38.00, for a total transaction of $132,620.00. Following the sale, the executive vice president directly owned 32,035 shares in the company, valued at approximately $1,217,330. This trade represents a 9.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 20,779 shares of company stock valued at $786,233. Insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On Barrett Business Services

A number of institutional investors and hedge funds have recently bought and sold shares of BBSI. Crown Advisors Management Inc. acquired a new stake in Barrett Business Services in the 2nd quarter valued at about $2,131,000. Bank of New York Mellon Corp acquired a new stake in shares of Barrett Business Services in the second quarter valued at approximately $6,015,000. State of Wyoming purchased a new position in Barrett Business Services during the second quarter worth approximately $157,000. GSA Capital Partners LLP acquired a new position in Barrett Business Services during the second quarter worth $2,401,000. Finally, GAMMA Investing LLC grew its holdings in Barrett Business Services by 131.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,206 shares of the business services provider’s stock valued at $78,000 after buying an additional 1,251 shares in the last quarter. 86.76% of the stock is currently owned by institutional investors and hedge funds.

About Barrett Business Services

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.