Shares of Barrett Business Services, Inc. (NASDAQ:BBSI) reached a new 52-week high and low on Wednesday . The company traded as low as $90.25 and last traded at $90.05, with a volume of 12845 shares changing hands. The stock had previously closed at $88.91.
A number of analysts recently weighed in on the company. ValuEngine upgraded Barrett Business Services from a “buy” rating to a “strong-buy” rating in a report on Monday, April 2nd. BidaskClub upgraded Barrett Business Services from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 13th. Finally, Roth Capital restated a “buy” rating and issued a $105.00 price objective on shares of Barrett Business Services in a report on Wednesday, March 7th.
The firm has a market cap of $633.31, a price-to-earnings ratio of 26.73 and a beta of 1.20. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.05.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 16th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, March 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.12%. Barrett Business Services’s payout ratio is 30.03%.
In other Barrett Business Services news, Director Jon L. Justesen sold 4,000 shares of the stock in a transaction dated Thursday, March 22nd. The stock was sold at an average price of $86.00, for a total transaction of $344,000.00. Following the completion of the sale, the director now directly owns 15,218 shares in the company, valued at approximately $1,308,748. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.30% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Two Sigma Advisers LP grew its holdings in Barrett Business Services by 23.7% during the 4th quarter. Two Sigma Advisers LP now owns 9,407 shares of the business services provider’s stock worth $607,000 after acquiring an additional 1,800 shares during the period. TIAA CREF Investment Management LLC boosted its position in shares of Barrett Business Services by 9.7% during the 4th quarter. TIAA CREF Investment Management LLC now owns 25,248 shares of the business services provider’s stock worth $1,628,000 after purchasing an additional 2,241 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Barrett Business Services during the 4th quarter worth about $158,000. Pacific Ridge Capital Partners LLC boosted its position in shares of Barrett Business Services by 3.2% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 98,673 shares of the business services provider’s stock worth $6,363,000 after purchasing an additional 3,020 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in shares of Barrett Business Services by 11.8% during the 4th quarter. Deutsche Bank AG now owns 29,405 shares of the business services provider’s stock worth $1,894,000 after purchasing an additional 3,112 shares in the last quarter. Hedge funds and other institutional investors own 78.04% of the company’s stock.
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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