Barrett Business Services, Inc. (BBSI) COO Sells $621,845.42 in Stock

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Barrett Business Services, Inc. (NASDAQ:BBSI) COO Gregory R. Vaughn sold 7,679 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $80.98, for a total value of $621,845.42. Following the sale, the chief operating officer now owns 88,157 shares of the company’s stock, valued at $7,138,953.86. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

BBSI stock opened at $79.64 on Friday. The stock has a market cap of $594.67 million, a PE ratio of 15.99 and a beta of 0.88. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.03. Barrett Business Services, Inc. has a 1 year low of $53.10 and a 1 year high of $98.76.

Barrett Business Services (NASDAQ:BBSI) last released its quarterly earnings data on Tuesday, February 26th. The business services provider reported $2.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.64. Barrett Business Services had a net margin of 4.05% and a return on equity of 40.14%. As a group, sell-side analysts expect that Barrett Business Services, Inc. will post 5.41 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.26%. Barrett Business Services’s dividend payout ratio (DPR) is presently 20.08%.

Several hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc lifted its position in Barrett Business Services by 29.1% in the 4th quarter. Legal & General Group Plc now owns 1,349 shares of the business services provider’s stock valued at $77,000 after acquiring an additional 304 shares in the last quarter. Citigroup Inc. lifted its position in Barrett Business Services by 13.4% in the 4th quarter. Citigroup Inc. now owns 2,593 shares of the business services provider’s stock valued at $148,000 after acquiring an additional 307 shares in the last quarter. River Road Asset Management LLC lifted its position in Barrett Business Services by 0.6% in the 4th quarter. River Road Asset Management LLC now owns 101,898 shares of the business services provider’s stock valued at $5,834,000 after acquiring an additional 590 shares in the last quarter. Opus Capital Group LLC lifted its position in Barrett Business Services by 2.7% in the 4th quarter. Opus Capital Group LLC now owns 26,606 shares of the business services provider’s stock valued at $1,523,000 after acquiring an additional 707 shares in the last quarter. Finally, Teachers Advisors LLC lifted its position in Barrett Business Services by 5.5% in the 3rd quarter. Teachers Advisors LLC now owns 14,391 shares of the business services provider’s stock valued at $961,000 after acquiring an additional 745 shares in the last quarter. 80.31% of the stock is currently owned by institutional investors.

A number of analysts have weighed in on BBSI shares. ValuEngine downgraded Barrett Business Services from a “hold” rating to a “sell” rating in a report on Saturday, February 2nd. BidaskClub raised shares of Barrett Business Services from a “hold” rating to a “buy” rating in a research report on Wednesday, February 20th. Zacks Investment Research raised shares of Barrett Business Services from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research report on Friday, February 1st. Finally, Roth Capital increased their price objective on shares of Barrett Business Services from $100.00 to $109.00 and gave the stock a “buy” rating in a research report on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, two have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $98.67.

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About Barrett Business Services

Barrett Business Services, Inc provides business management solutions for small and medium-sized companies in the United States. The company has 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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