Joseph Stephen Clabby Acquires 1,000 Shares of Barrett Business Services (NASDAQ:BBSI) Stock

Barrett Business Services, Inc. (NASDAQ:BBSI) Director Joseph Stephen Clabby bought 1,000 shares of Barrett Business Services stock in a transaction dated Tuesday, November 11th. The stock was acquired at an average cost of $34.83 per share, with a total value of $34,830.00. Following the completion of the acquisition, the director directly owned 15,391 shares of the company’s stock, valued at approximately $536,068.53. The trade was a 6.95% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Barrett Business Services Stock Performance

NASDAQ BBSI opened at $35.17 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.35. Barrett Business Services, Inc. has a 52-week low of $33.01 and a 52-week high of $49.65. The business’s 50-day moving average price is $42.76 and its 200 day moving average price is $43.34. The firm has a market cap of $901.23 million, a P/E ratio of 17.33, a P/E/G ratio of 1.31 and a beta of 1.00.

Barrett Business Services (NASDAQ:BBSI) last posted its quarterly earnings data on Wednesday, November 5th. The business services provider reported $0.79 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.02). Barrett Business Services had a net margin of 4.49% and a return on equity of 24.59%. The company had revenue of $318.95 million for the quarter, compared to analysts’ expectations of $319.27 million. During the same period in the prior year, the company earned $0.74 earnings per share. The firm’s revenue was up 8.4% on a year-over-year basis. On average, equities research analysts expect that Barrett Business Services, Inc. will post 2 earnings per share for the current year.

Barrett Business Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 21st will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, November 21st. Barrett Business Services’s dividend payout ratio (DPR) is 15.38%.

Hedge Funds Weigh In On Barrett Business Services

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tripletail Wealth Management LLC acquired a new stake in shares of Barrett Business Services in the third quarter valued at about $34,000. Farther Finance Advisors LLC increased its holdings in Barrett Business Services by 1,388.3% in the third quarter. Farther Finance Advisors LLC now owns 893 shares of the business services provider’s stock valued at $40,000 after buying an additional 833 shares in the last quarter. AlphaQuest LLC acquired a new stake in shares of Barrett Business Services during the 3rd quarter valued at approximately $54,000. State of Alaska Department of Revenue purchased a new stake in shares of Barrett Business Services during the 3rd quarter worth approximately $66,000. Finally, Quantbot Technologies LP purchased a new position in Barrett Business Services in the 1st quarter valued at approximately $75,000. 86.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Barrington Research set a $46.00 price objective on shares of Barrett Business Services and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Weiss Ratings reissued a “buy (b+)” rating on shares of Barrett Business Services in a report on Wednesday, November 5th. Finally, Wall Street Zen downgraded shares of Barrett Business Services from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Barrett Business Services presently has an average rating of “Buy” and a consensus price target of $46.00.

About Barrett Business Services

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.