Susquehanna International Group LLP Has $255,000 Stake in Barrett Business Services, Inc. $BBSI

Susquehanna International Group LLP lowered its stake in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 78.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,165 shares of the business services provider’s stock after selling 25,470 shares during the period. Susquehanna International Group LLP’s holdings in Barrett Business Services were worth $255,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Royce & Associates LP raised its position in shares of Barrett Business Services by 31.6% in the 4th quarter. Royce & Associates LP now owns 870,863 shares of the business services provider’s stock valued at $31,534,000 after acquiring an additional 208,865 shares during the period. Trigran Investments Inc. grew its holdings in Barrett Business Services by 62.3% during the fourth quarter. Trigran Investments Inc. now owns 648,738 shares of the business services provider’s stock valued at $23,491,000 after purchasing an additional 249,052 shares during the period. Polar Asset Management Partners Inc. bought a new stake in Barrett Business Services in the first quarter valued at approximately $8,316,000. BlackRock Inc. bought a new stake in Barrett Business Services in the second quarter valued at approximately $72,793,000. Finally, Sei Investments Co. increased its stake in Barrett Business Services by 102.5% in the first quarter. Sei Investments Co. now owns 168,356 shares of the business services provider’s stock valued at $4,913,000 after purchasing an additional 85,230 shares in the last quarter. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Barrett Business Services Price Performance

BBSI stock opened at $33.79 on Wednesday. The stock has a market capitalization of $819.07 million, a P/E ratio of 24.85, a P/E/G ratio of 1.28 and a beta of 0.92. The business has a 50-day moving average of $36.46 and a 200-day moving average of $32.56. Barrett Business Services, Inc. has a fifty-two week low of $25.33 and a fifty-two week high of $49.65.

Barrett Business Services (NASDAQ:BBSI) last announced its earnings results on Wednesday, August 5th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.04). The firm had revenue of $319.27 million during the quarter, compared to analyst estimates of $321.55 million. Barrett Business Services had a net margin of 2.77% and a return on equity of 20.95%. Equities analysts expect that Barrett Business Services, Inc. will post 1.68 EPS for the current year.

Barrett Business Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 21st. Barrett Business Services’s dividend payout ratio (DPR) is currently 23.53%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Citigroup reissued an “outperform” rating on shares of Barrett Business Services in a research report on Thursday, August 6th. Zacks Research cut shares of Barrett Business Services from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th. Weiss Ratings raised Barrett Business Services from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 13th. Wall Street Zen upgraded Barrett Business Services from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Finally, Roth Capital lowered Barrett Business Services from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $42.00 to $38.00 in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.00.

Insider Buying and Selling

In other news, Director Anthony Meeker sold 12,000 shares of the business’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $37.85, for a total value of $454,200.00. Following the sale, the director owned 44,945 shares of the company’s stock, valued at $1,701,168.25. The trade was a 21.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP James R. Potts sold 3,490 shares of the 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 transaction, the executive vice president owned 32,035 shares of the company’s stock, valued at $1,217,330. The trade was a 9.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 20,779 shares of company stock worth $786,233 over the last quarter. 4.80% of the stock is owned by corporate insiders.

Barrett Business Services Profile

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.