SG Americas Securities LLC Has $134,000 Stake in Barrett Business Services, Inc. (NASDAQ:BBSI)
SG Americas Securities LLC cut its stake in Barrett Business Services, Inc. (NASDAQ:BBSI – Get Rating) by 39.6{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,729 shares of the business services provider’s stock after selling 1,132 shares during the period. SG Americas Securities LLC’s holdings in Barrett Business Services were worth $134,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in BBSI. Allspring Global Investments Holdings LLC acquired a new stake in shares of Barrett Business Services in the fourth quarter valued at approximately $458,000. Euclidean Technologies Management LLC bought a new position in Barrett Business Services in the fourth quarter valued at $2,050,000. Grandeur Peak Global Advisors LLC increased its stake in Barrett Business Services by 5.6{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} in the 4th quarter. Grandeur Peak Global Advisors LLC now owns 137,292 shares of the business services provider’s stock valued at $9,481,000 after buying an additional 7,220 shares during the last quarter. Confluence Wealth Services Inc. bought a new stake in Barrett Business Services during the 4th quarter worth about $27,000. Finally, Lapides Asset Management LLC boosted its stake in shares of Barrett Business Services by 68.4{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} during the 1st quarter. Lapides Asset Management LLC now owns 51,200 shares of the business services provider’s stock worth $3,966,000 after buying an additional 20,800 shares during the last quarter. Institutional investors own 81.74{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} of the company’s stock.
Analyst Ratings Changes
Several research firms recently issued reports on BBSI. StockNews.com lowered Barrett Business Services from a “strong-buy” rating to a “buy” rating in a report on Friday, May 13th. TheStreet cut shares of Barrett Business Services from a “b-” rating to a “c+” rating in a research note on Tuesday, May 24th. Barrington Research boosted their target price on shares of Barrett Business Services from $85.00 to $102.00 in a report on Thursday, May 5th. Roth Capital reissued a “buy” rating on shares of Barrett Business Services in a research report on Thursday, May 5th. Finally, Sidoti reaffirmed a “buy” rating and issued a $97.00 target price on shares of Barrett Business Services in a report on Tuesday, June 14th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Barrett Business Services has a consensus rating of “Buy” and a consensus target price of $102.33.
Insider Transactions at Barrett Business Services
In other news, CEO Gary Kramer purchased 1,000 shares of Barrett Business Services stock in a transaction that occurred on Friday, May 20th. The stock was acquired at an average cost of $70.13 per share, for a total transaction of $70,130.00. Following the purchase, the chief executive officer now directly owns 34,451 shares of the company’s stock, valued at approximately $2,416,048.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.00{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} of the stock is owned by corporate insiders.
Barrett Business Services Price Performance
BBSI stock opened at $84.66 on Friday. Barrett Business Services, Inc. has a one year low of $57.76 and a one year high of $86.82. The stock has a market cap of $600.24 million, a price-to-earnings ratio of 14.40, a price-to-earnings-growth ratio of 0.95 and a beta of 1.39. The company has a fifty day moving average price of $75.75 and a two-hundred day moving average price of $72.71.
Barrett Business Services (NASDAQ:BBSI – Get Rating) last posted its earnings results on Wednesday, August 3rd. The business services provider reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.61. Barrett Business Services had a net margin of 4.33{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} and a return on equity of 22.59{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}. During the same quarter in the previous year, the firm posted $2.24 earnings per share. Research analysts anticipate that Barrett Business Services, Inc. will post 6.3 EPS for the current fiscal year.
Barrett Business Services Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Friday, August 19th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.42{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}. The ex-dividend date is Thursday, August 18th. Barrett Business Services’s payout ratio is 20.41{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}.
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.
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