Key Points
- Director Joseph Stephen Clabby purchased 1,000 shares on November 11 at an average price of $34.83 (total $34,830), raising his stake to 15,391 shares — a roughly 6.95% increase — as disclosed in an SEC filing.
- Barrett Business Services reported Q3 EPS of $0.79 (missed the $0.81 consensus) and revenue of $318.95 million (up 8.4% year-over-year), with a net margin of 4.49% and ROE of 24.59%.
- The company announced a quarterly dividend of $0.08 per share (annualized $0.32, ~0.9% yield; ex-dividend Nov 21, payable Dec 5), and analysts maintain an average "Buy" consensus with a $46 price target.
Barrett Business Services, Inc. (NASDAQ:BBSI - Get Free Report) Director Joseph Stephen Clabby acquired 1,000 shares of the business's stock in a transaction dated Tuesday, November 11th. The shares were purchased at an average price of $34.83 per share, with a total value of $34,830.00. Following the transaction, the director owned 15,391 shares of the company's stock, valued at approximately $536,068.53. This represents a 6.95% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.
Barrett Business Services Price Performance
Barrett Business Services stock traded up $0.53 during midday trading on Thursday, reaching $35.38. 18,784 shares of the stock traded hands, compared to its average volume of 156,217. 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 12 month low of $33.01 and a 12 month high of $49.65. The stock's fifty day moving average is $43.04 and its 200-day moving average is $43.40. The stock has a market cap of $906.48 million, a P/E ratio of 17.36, a PEG ratio of 1.31 and a beta of 1.00.
Barrett Business Services (NASDAQ:BBSI - Get Free Report) last posted its earnings results on Wednesday, November 5th. The business services provider reported $0.79 earnings per share for the quarter, missing analysts' consensus estimates of $0.81 by ($0.02). The business had revenue of $318.95 million during the quarter, compared to analysts' expectations of $319.27 million. Barrett Business Services had a net margin of 4.49% and a return on equity of 24.59%. The company's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the business posted $0.74 earnings per share. As a group, equities research analysts anticipate that Barrett Business Services, Inc. will post 2 EPS for the current year.
Barrett Business Services Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 21st will be given 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 is Friday, November 21st. Barrett Business Services's dividend payout ratio is currently 15.38%.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the company. Barrington Research set a $46.00 price objective on Barrett Business Services and gave the stock an "outperform" rating in a research note on Thursday, November 6th. Wall Street Zen downgraded Barrett Business Services from a "buy" rating to a "hold" rating in a research report on Saturday, October 25th. Finally, Weiss Ratings reiterated a "buy (b+)" rating on shares of Barrett Business Services in a research report on Wednesday, November 5th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $46.00.
Read Our Latest Research Report on Barrett Business Services
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in BBSI. Tripletail Wealth Management LLC purchased a new stake in shares of Barrett Business Services during the 3rd quarter worth $34,000. Farther Finance Advisors LLC lifted its position in shares of Barrett Business Services by 1,388.3% during 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 during the last quarter. AlphaQuest LLC bought a new stake in shares of Barrett Business Services in the 3rd quarter valued at about $54,000. State of Alaska Department of Revenue bought a new position in shares of Barrett Business Services during the 3rd quarter worth approximately $66,000. Finally, Quantbot Technologies LP purchased a new stake in Barrett Business Services during the first quarter valued at approximately $75,000. 86.76% of the stock is currently owned by hedge funds and other institutional investors.
About Barrett Business Services
(
Get Free Report)
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.
Further Reading
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