Sells Archives - Benefit Group

Barrett Business Services, Inc. (NASDAQ:BBSI – Get Rating) Director Anthony Meeker sold 1,821 shares of the firm’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $79.27, for a total value of $144,350.67. Following the completion of the transaction, the director now owns 15,721 shares of the company’s stock, valued at approximately $1,246,203.67. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Barrett Business Services Trading Down 1.3 {ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}

Shares of BBSI traded down $1.05 during trading hours on Tuesday, reaching $80.81. 24,812 shares of the company’s stock traded hands, compared to its average volume of 48,052. The stock has a market cap of $572.86 million, a PE ratio of 13.67, a price-to-earnings-growth ratio of 0.91 and a beta of 1.37. The firm’s 50 day simple moving average is $80.90 and its 200-day simple moving average is $76.43. Barrett Business Services, Inc. has a 12 month low of $57.76 and a 12 month high of $86.82.

Barrett Business Services (NASDAQ:BBSI – Get Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The business services provider reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.61. Barrett Business Services had a return on equity of 22.59{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} and a net margin of 4.33{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}. During the same quarter in the prior year, the firm posted $2.24 earnings per share. As a group, analysts expect that Barrett Business Services, Inc. will post 6.3 earnings per share for the current fiscal year.

Barrett Business Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, August 19th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.48{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}. Barrett Business Services’s dividend payout ratio is 20.41{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}.

Analysts Set New Price Targets

Several brokerages have commented on BBSI. Sidoti restated a “buy” rating and issued a $97.00 target price on shares of Barrett Business Services in a research note on Tuesday, June 14th. TheStreet upgraded Barrett Business Services from a “c+” rating to a “b” rating in a research note on Friday, August 19th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $102.33.

Hedge Funds Weigh In On Barrett Business Services

A number of large investors have recently modified their holdings of the company. Polaris Capital Management LLC raised its holdings in shares of Barrett Business Services by 7,355.4{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} during the 2nd quarter. Polaris Capital Management LLC now owns 2,065,150 shares of the business services provider’s stock valued at $88,099,000 after buying an additional 2,037,450 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Barrett Business Services by 5.1{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} during the 1st quarter. BlackRock Inc. now owns 564,551 shares of the business services provider’s stock valued at $43,735,000 after buying an additional 27,181 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Barrett Business Services by 7.4{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} during the 1st quarter. American Century Companies Inc. now owns 487,202 shares of the business services provider’s stock valued at $37,744,000 after buying an additional 33,598 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Barrett Business Services by 45.9{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} in the 2nd quarter. JPMorgan Chase & Co. now owns 358,518 shares of the business services provider’s stock worth $26,125,000 after purchasing an additional 112,806 shares during the period. Finally, Private Capital Management LLC increased its stake in Barrett Business Services by 11.3{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} in the 2nd quarter. Private Capital Management LLC now owns 264,475 shares of the business services provider’s stock worth $19,272,000 after purchasing an additional 26,745 shares during the period.

About Barrett Business Services

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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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Corridor, led by Craig Enenstein, helped Nationwide improve operations.

Corridor, led by Craig Enenstein, served Nationwide enhance operations.

Sawtelle-based mostly Corridor Cash has bought Nationwide Residence & Appraisal Services, a portfolio corporation, to Bahrain-centered Arcapita Group Holdings for an undisclosed sum. Arcapita Team Holdings is an substitute asset manager with more than $31 billion in transaction quantity.

Corridor Money, New York-centered 747 Capital and Greenwich, Conn.-based Southfield Mezzanine, who are co-buyers in Nationwide Residence & Appraisal Providers, will hold a minority desire in the business.

“We are particularly pleased to have concluded the acquisition of Nationwide,” Atif Abdulmalik, Arcapita’s chief executive, mentioned in a statement. “This investment is a good match for our U.S. personal fairness investment decision approach, which is targeted on buying asset-gentle small business products and services and logistics corporations, and also enables us to bring to bear our deep knowledge in world genuine estate.”

Abdulmalik mentioned the organization was attracted to Nationwide’s “highly funds generative organization, knowledgeable administration workforce, and robust foundation of consumers throughout the country.”

“Close to 50{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} of Nationwide’s buyers have taken care of their connection with the firm for in excess of six yrs, highlighting the longevity of its customer associations, and the firm added benefits from a free of charge income movement conversion amount of around 99{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550},” he included.

Corridor Funds obtained Nationwide, which was founded by Andy Lazev and Ryan Hernberg, in 2016. Corridor served the corporation accomplish far more than $140 million in yearly revenue, up from $35 million in advance of the acquisition.
To increase the company, Corridor named Sri Velamati chief executive of Nationwide and produced an govt crew.

“Nationwide is really delighted to be partnering with Arcapita, a top option asset manager lover that shares a mutual eyesight for the long run and will assist Nationwide in continuing to create on its main strengths of shopper service, purposeful acquisitions and technological know-how financial commitment,” Velamati claimed in a assertion. “Also, we are thankful for Corridor Capital’s continued partnership, which is a testament to their perception in Nationwide. Nationwide and its associates share the legitimate aim of turning out to be a accurate chief in the appraisal management products and services industry that serves the pursuits of each its loan provider shoppers and appraisal distributors as a result of adoption of finest-in-course company types and investment in technological know-how to streamline the appraisal system.”

Corridor assisted to improve financing capabilities and carried out a new technique to offering in the asset management enterprise sector for Nationwide. Corridor also labored to produce a totally tech-enabled platform to minimize turnover time, improve precision and make it possible for the organization to grow. Nationwide was able to grow by equally organic development and acquisitions.

“It has been an honor to perform with the Nationwide founders and management crew to assist evolve an previously very aggressive business enterprise into just one of the stand-out leaders in the U.S. (asset management enterprise) current market,” Craig Enenstein, chief govt of Corridor, explained in a assertion. “Corridor’s reason as a business is to staff with the management of compact leadership companies to assistance them obtain their full probable.”

Nationwide has become the 2nd-biggest independent appraisal management firm in the country, according to Arcapita. The firm has a lot more than 15,000 certified appraisers.

Neil Carter, controlling director and Arcapita’s head of U.S. private equity, claimed in a assertion that “the $7.5 billion actual estate appraisal products and services marketplace has cumulatively grown by 32{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} because 2008. Nationwide is a chief in this sector and is well positioned to accelerate natural growth, push effectiveness and achieve margin improvements by way of its tech-enabled system and go on to total accretive acquisitions.”

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Tag: Sells

Barrett Business Services, Inc. (NASDAQ:BBSI) Director Sells $144,350.67 in Stock