Craig Short returns to JMU as assistant vice president for business services | News

Craig Short returns to JMU as assistant vice president for business services | News

To commence off the new year, JMU introduced a new member to its crew: Craig Shorter, assistant vice president (AVP) for small business services. Shorter formally began his position on Jan. 4.

Brief will report immediately to Towana Moore, vice president of administration and finance. As the AVP for enterprise expert services, Moore explained Limited will operate intently with eating solutions, the bookstore, card solutions, the arboretum and lots of other services on campus. 

When he’s new to the position, he’s no stranger to JMU. Limited completed his graduate diploma in public administration at JMU (’14) soon after attending West Virginia University for his undergraduate degree and acquiring a Regents Bachelor of Arts (’96). Limited also earlier served as JMU’s govt director of services and development from 2014 to 2019, wherever he usually oversaw the administration of JMU facility operations.

Quick still left JMU in 2019 to go after an additional task as vice president of economical and administrative products and services at the Virginia Neighborhood University Middle headquarters in Richmond, Virginia. Limited claimed he oversaw numerous functions there, such as services and design, the company business and the law enforcement division.

JMU held a nationwide lookup to fill the situation of assistant vice president for business providers. Alongside Moore, the employing group consisted of associates from the spending plan office environment, educational affairs, scholar affairs, athletics and school and administration.

In advance of starting her position as vice president of administration and finance in  July 2022 immediately after serving as interim vice president for six months, Moore earlier served as the AVP for company companies and was a component of the university’s nationwide lookup for a new candidate, through which Limited underwent quite a few rounds of interviews.

“I was seeking for someone who definitely experienced working experience in sure areas, a person who communicates perfectly, who’s collaborative or shared a vision where the department could go,” Moore reported.

Moore explained that shockingly, the placement had “a lot additional interest” than originally predicted, generating the conclusion difficult. But, with Short getting many of the requirements fulfilled, like possessing working experience jogging most of the amenities shown other than a direct expertise with running an arboretum, as very well as possessing in depth understanding of the campus and obtaining earlier worked along with Moore, she said Short was a solid prospect.

“It’s amazing in the feeling that Craig is quite competent,” Moore reported. “I’m able to give him a large amount of factors and get in touch with him to cope with some things.”

Although Brief stated becoming again on campus soon after 4 yrs introduced a familiar experience, the men and women at JMU are what genuinely make the position so desirable.  He explained JMU as a “nice and protected environment” wherever everyone’s searching out for 1 a further — something you just can’t come across in quite a few locations, he claimed.

“I have a terrific affinity for the folks who perform here,” Small said. “You want to be somewhere where you like the people today you function with and really feel that what you’re executing issues, and that’s rather uncommon. This is a very good put to do that.”

Now that JMU has employed Brief as the AVP for small business providers, Moore reported some of the load is now lifted off her just after owning to operate the two positions for about a 12 months. Due to the fact beginning her new position, Moore will be focusing on managing budgets, enterprise products and services, human resources and numerous other college services. 

Equally Moore and Limited mentioned they are hunting forward to some of the forthcoming and acquiring projects that the university has in the is effective, these types of as the renovation of Provider Library and redesigning some of the resident halls in The Village. With the new developments, Moore’s part will entail furnishing the all round eyesight and plan for the building and in the finish, owning the final acceptance of design and style and construction conclusions. On Short’s facet, he’ll lead to the procedure by arranging the many units that lie less than company expert services building certain that all of their roles are remaining attained. 

“We will keep on to perform with capital, these types of as buildings in The Village and starting off on Carrier Library,” Moore reported. “On the functions aspect, we’re shopping for a new purchaser relations module in the data technologies.”

Small explained he’s most hunting ahead to functioning intently with his colleagues and is happy to be back again at the university. 

“I would relatively be at JMU in the course of a snow day than be at Disney Globe,” Shorter said. 

Barrett Business Services, Inc. (NASDAQ:BBSI) Sees Large Decline in Short Interest

Barrett Business Services, Inc. (NASDAQ:BBSI) Sees Large Decline in Short Interest

Barrett Small business Expert services, Inc. (NASDAQ:BBSI – Get Rating) noticed a significant decline in small fascination in the course of the thirty day period of December. As of December 30th, there was small interest totalling 88,200 shares, a decrease of 17.3{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} from the December 15th total of 106,700 shares. Based mostly on an ordinary every day volume of 47,300 shares, the brief-curiosity ratio is presently 1.9 days. Presently, 1.3{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} of the firm’s shares are marketed shorter.

Institutional Investors Weigh In On Barrett Organization Products and services

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A amount of hedge resources have a short while ago extra to or lessened their stakes in BBSI. Dorsey Wright & Associates bought a new stake in Barrett Enterprise Products and services in the 2nd quarter truly worth about $36,000. Wonderful West Daily life Assurance Co. Can acquired a new stake in Barrett Company Expert services in the third quarter truly worth about $36,000. Tower Study Cash LLC TRC enhanced its holdings in Barrett Organization Solutions by 54.1{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} in the third quarter. Tower Study Money LLC TRC now owns 467 shares of the business enterprise companies provider’s stock worthy of $36,000 following acquiring an additional 164 shares in the past quarter. US Bancorp DE enhanced its holdings in Barrett Business Services by 735.5{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} in the third quarter. US Bancorp DE now owns 518 shares of the small business products and services provider’s inventory well worth $40,000 following acquiring an additional 456 shares in the very last quarter. Ultimately, PNC Fiscal Companies Team Inc. enhanced its holdings in Barrett Organization Solutions by 4,307.1{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} in the very first quarter. PNC Economic Products and services Group Inc. now owns 617 shares of the business enterprise providers provider’s stock value $49,000 following getting an more 603 shares in the past quarter. 86.40{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} of the inventory is at the moment owned by institutional buyers.

Barrett Business enterprise Products and services Price tag Overall performance

Shares of Barrett Business Companies stock traded up $.62 during midday buying and selling on Friday, achieving $96.00. The organization experienced a buying and selling volume of 6,421 shares, in contrast to its ordinary quantity of 50,989. The stock has a fifty working day going average value of $95.38 and a 200 working day transferring common rate of $86.27. The firm has a market place cap of $668.35 million, a PE ratio of 14.97, a P/E/G ratio of .96 and a beta of 1.31. Barrett Enterprise Services has a fifty-two week minimal of $57.76 and a fifty-two 7 days higher of $100.79.

Barrett Small business Services (NASDAQ:BBSI – Get Ranking) final posted its quarterly earnings information on Wednesday, November 2nd. The organization solutions supplier claimed $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $.28. The enterprise experienced profits of $1.91 billion for the quarter, in contrast to analyst estimates of $1.87 billion. Barrett Business Providers experienced a return on fairness of 25.05{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} and a web margin of 4.46{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}. As a group, offer-facet analysts forecast that Barrett Organization Companies will put up 6.55 EPS for the recent yr.

Barrett Business enterprise Products and services Announces Dividend

The business also not too long ago declared a quarterly dividend, which was compensated on Friday, December 2nd. Shareholders of history on Friday, November 18th were issued a $.30 dividend. The ex-dividend date of this dividend was Thursday, November 17th. This represents a $1.20 dividend on an annualized basis and a generate of 1.25{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}. Barrett Business Services’s payout ratio is presently 18.84{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}.

Wall Street Analysts Forecast Development

Individually, StockNews.com elevated Barrett Enterprise Solutions from a “purchase” rating to a “robust-get” score in a study take note on Friday, November 4th.

Barrett Company Services Business Profile

(Get Ranking)

Barrett Enterprise Providers, Inc offers enterprise management options for modest and mid-sized companies in the United States. The enterprise develops a management system that integrates a expertise-based mostly approach from the administration consulting market with applications from the human source outsourcing market.

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New Documentary Short Highlights Student Activism Behind the Growing Financial Education Movement

New Documentary Short Highlights Student Activism Behind the Growing Financial Education Movement

“Authentic Environment Course” movie from Next Gen Particular Finance follows 5 college students who are speaking out in favor of common access to private finance education and learning for youth

PALO ALTO, Calif., Nov. 8, 2022 /PRNewswire/ — A freshly launched shorter documentary movie “True Globe Course: Pupil Voices for Money Training” demonstrates how student activism is inspiring the motion to increase accessibility to individual finance instruction.

The movie was directed by Robert Jury and introduced by Next Gen Personalized Finance, a nonprofit corporation that advocates for just about every substantial faculty in the U.S. to promise a a single-semester personalized finance system just before learners graduate.

“Private finance is appropriate to every single component of our life,” said Ella Gupta, a student highlighted in the movie. “It really is a simple lifestyle talent just like understanding how to trip a bicycle or learning how to drive a car.”

The documentary follows the stories of five exceptional pupils from around the nation. In Maryland, a skeptical scholar embraces the ideas he learned in his personal finance class, advocates for it in his district and now shares his knowledge as a social media influencer.

In North Carolina, a pupil commits to closing the gender gap by teaching middle faculty women the financial ideas they have to have to know to bolster their confidence about dollars concerns.

A Wisconsin college student normally takes her enthusiasm for fiscal education to the State Residence and testifies in support of a invoice that would promise all large schoolers profit from this important class.

In Washington state, an curiosity in investing sales opportunities a scholar to get started an investing club that provides in exterior speakers and operates workshops to assistance college students build wealth when they have lots of a long time of compounding desire in advance of them.

Lastly, a budding journalist in New Mexico writes a powerful op-ed to build general public guidance for universal financial schooling in her state.

“[Personal finance] was the most critical course I had taken in all of substantial school because it basically translated to the things I was heading to eventually confront and the issues that I was currently struggling with in my daily life,” said Neziah Osayi, an additional pupil in the movie.

Research by NGPF and some others demonstrates obviously that guaranteed particular finance training prospects to constructive outcomes and improves excellent of lifetime. Whilst much more states are stepping up and embracing this assure, 3 of every four high university college students in The us nevertheless do not have certain access to a personal finance program.

“We need to have to aim on bettering the way we educate men and women on financial literacy and encouraging persons to choose these lessons and understand about these vital principles,”  claimed Jakob Diepenbrock, a person of the college student activists. “By owning this education right before you essentially go away property and go to college or enter the workforce, it will put together pupils to enter the real earth.”

The whole film can be seen from NGPF’s internet site at www.ngpf.org/serious-earth-course-doc. The web website page also has data for how to host a screening of the film as perfectly as other advocacy means.

About Upcoming Gen Own Finance

Future Gen Personalized Finance (NGPF) is a nonprofit dedicated to guaranteeing that all high faculty learners obtain a individual finance system prior to graduating. NGPF has turn out to be the “just one-stop store” for additional than 70,000 educators on the lookout for superior-excellent, participating own finance curriculum to equip learners with the competencies they need to prosper in the potential. NGPF invests in teacher skilled improvement with are living Digital PD workshops, 10 Certification courses and 40+ asynchronous On-Need modules. NGPF has been acknowledged by Frequent Perception Instruction as a “Prime Web page for Instructors to Locate Lesson Plans” and “Finest Organization and Finance Games.”

Media Call:

Hannah Rael
Marketing Communications Manager
Subsequent Gen Own Finance
[email protected]

Supply Up coming Gen Particular Finance

Barrett Business Services, Inc. (NASDAQ:BBSI) Short Interest Update

Barrett Business Services, Inc. (NASDAQ:BBSI) Short Interest Update

Barrett Business Services, Inc. (NASDAQ:BBSI – Get Rating) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 89,400 shares, a drop of 13.7{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} from the August 15th total of 103,600 shares. Currently, 1.3{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} of the company’s shares are sold short. Based on an average daily trading volume, of 43,200 shares, the short-interest ratio is presently 2.1 days.

Wall Street Analysts Forecast Growth

BBSI has been the subject of a number of recent research reports. TheStreet upgraded shares of Barrett Business Services from a “c+” rating to a “b” rating in a research note on Friday, August 19th. Sidoti reaffirmed a “buy” rating and set a $97.00 price objective on shares of Barrett Business Services in a report on Tuesday, June 14th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $102.33.

Insider Buying and Selling

In related news, Director Jon L. Justesen sold 2,836 shares of Barrett Business Services stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $84.44, for a total transaction of $239,471.84. Following the sale, the director now directly owns 7,777 shares in the company, valued at approximately $656,689.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.00{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Barrett Business Services

Several institutional investors have recently added to or reduced their stakes in BBSI. First Trust Advisors LP lifted its holdings in Barrett Business Services by 13.3{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} during the fourth quarter. First Trust Advisors LP now owns 12,174 shares of the business services provider’s stock valued at $841,000 after purchasing an additional 1,429 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Barrett Business Services by 62.7{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} during the fourth quarter. BNP Paribas Arbitrage SA now owns 3,544 shares of the business services provider’s stock valued at $245,000 after purchasing an additional 1,366 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Barrett Business Services by 4.1{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} during the fourth quarter. JPMorgan Chase & Co. now owns 249,960 shares of the business services provider’s stock valued at $17,262,000 after purchasing an additional 9,953 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Barrett Business Services by 7.4{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} during the fourth quarter. Renaissance Technologies LLC now owns 254,478 shares of the business services provider’s stock valued at $17,574,000 after purchasing an additional 17,478 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its holdings in Barrett Business Services by 7.1{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} during the fourth quarter. GSA Capital Partners LLP now owns 15,793 shares of the business services provider’s stock valued at $1,091,000 after purchasing an additional 1,046 shares during the last quarter.

Barrett Business Services Stock Performance

Shares of NASDAQ:BBSI opened at $80.20 on Friday. The company’s 50-day moving average is $80.75 and its 200 day moving average is $76.33. The company has a market capitalization of $568.62 million, a P/E ratio of 13.64, a price-to-earnings-growth ratio of 0.92 and a beta of 1.37. Barrett Business Services has a fifty-two week low of $57.76 and a fifty-two week 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 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 period in the prior year, the company posted $2.24 EPS. As a group, research analysts predict that Barrett Business Services will post 6.3 earnings per share for the current year.

Barrett Business Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Friday, August 19th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.50{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}. The ex-dividend date was Thursday, August 18th. Barrett Business Services’s dividend payout ratio (DPR) is presently 20.41{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}.

About Barrett Business Services

(Get Rating)

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Barrett Business Services, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Barrett Business Services wasn’t on the list.

While Barrett Business Services currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

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Barrett Business Services, Inc. (NASDAQ:BBSI) Sees Large Growth in Short Interest

Barrett Business Services, Inc. (NASDAQ:BBSI) Sees Large Growth in Short Interest

Barrett Business Services, Inc. (NASDAQ:BBSI – Get Rating) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 118,100 shares, an increase of 23.1{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} from the May 31st total of 95,900 shares. Approximately 1.7{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} of the company’s stock are short sold. Based on an average daily trading volume, of 49,100 shares, the days-to-cover ratio is currently 2.4 days.

In other Barrett Business Services news, CEO Gary Kramer bought 1,000 shares of Barrett Business Services stock in a transaction dated Friday, May 20th. The stock was bought 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 owns 34,451 shares in the company, valued at approximately $2,416,048.63. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.00{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC acquired a new position in shares of Barrett Business Services during the fourth quarter valued at $458,000. Euclidean Technologies Management LLC acquired a new position in shares of Barrett Business Services during the fourth quarter valued at $2,050,000. Grandeur Peak Global Advisors LLC increased its holdings in shares of Barrett Business Services by 5.6{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} during the fourth quarter. Grandeur Peak Global Advisors LLC now owns 137,292 shares of the business services provider’s stock valued at $9,481,000 after purchasing an additional 7,220 shares during the period. Confluence Wealth Services Inc. acquired a new position in shares of Barrett Business Services during the fourth quarter valued at $27,000. Finally, Strs Ohio increased its holdings in shares of Barrett Business Services by 9.8{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} during the fourth quarter. Strs Ohio now owns 10,100 shares of the business services provider’s stock valued at $697,000 after purchasing an additional 900 shares during the period. 81.74{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} of the stock is currently owned by hedge funds and other institutional investors.

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NASDAQ BBSI traded up $0.67 during trading hours on Monday, hitting $73.54. The company had a trading volume of 1,959 shares, compared to its average volume of 52,205. Barrett Business Services has a fifty-two week low of $57.76 and a fifty-two week high of $86.82. The business has a fifty day simple moving average of $73.10 and a 200-day simple moving average of $70.46. The firm has a market cap of $538.31 million, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 0.81 and a beta of 1.39.

Barrett Business Services (NASDAQ:BBSI – Get Rating) last issued its earnings results on Wednesday, May 4th. The business services provider reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.63) by $0.67. Barrett Business Services had a return on equity of 21.43{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} and a net margin of 4.37{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}. The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period last year, the company earned ($0.60) earnings per share. On average, equities research analysts expect that Barrett Business Services will post 6.07 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 3rd. Shareholders of record on Friday, May 20th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.63{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}. The ex-dividend date of this dividend was Thursday, May 19th. Barrett Business Services’s dividend payout ratio is presently 21.28{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}.

Several brokerages recently issued reports on BBSI. StockNews.com cut Barrett Business Services from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 13th. Roth Capital restated a “buy” rating on shares of Barrett Business Services in a research note on Thursday, May 5th. Sidoti restated a “buy” rating and set a $97.00 price objective on shares of Barrett Business Services in a research note on Tuesday, June 14th. Barrington Research raised their price objective on Barrett Business Services from $85.00 to $102.00 in a research note on Thursday, May 5th. Finally, TheStreet cut Barrett Business Services from a “b-” rating to a “c+” rating in a research note on Tuesday, May 24th. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $102.33.

About Barrett Business Services (Get Rating)

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should you invest $1,000 in Barrett Business Services right now?

Before you consider Barrett Business Services, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Barrett Business Services wasn’t on the list.

While Barrett Business Services currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

Barrett Business Services, Inc. (NASDAQ:BBSI) Sees Significant Growth in Short Interest

Barrett Business Services, Inc. (NASDAQ:BBSI) Sees Significant Growth in Short Interest

Barrett Business Services, Inc. (NASDAQ:BBSI – Get Rating) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 105,300 shares, an increase of 82.2{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} from the February 28th total of 57,800 shares. Based on an average daily volume of 55,100 shares, the short-interest ratio is presently 1.9 days. Currently, 1.5{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} of the company’s shares are short sold.

A number of institutional investors have recently modified their holdings of the stock. Confluence Wealth Services Inc. acquired a new position in Barrett Business Services during the 4th quarter valued at about $27,000. New York State Teachers Retirement System acquired a new position in Barrett Business Services during the 3rd quarter valued at about $46,000. Denali Advisors LLC acquired a new position in Barrett Business Services during the 4th quarter valued at about $76,000. BNP Paribas Arbitrage SA boosted its stake in Barrett Business Services by 100.9{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} during the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,178 shares of the business services provider’s stock valued at $166,000 after purchasing an additional 1,094 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY boosted its stake in Barrett Business Services by 116,250.0{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 2,327 shares of the business services provider’s stock valued at $169,000 after purchasing an additional 2,325 shares during the last quarter. 82.40{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} of the stock is owned by institutional investors and hedge funds.

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BBSI stock opened at $77.65 on Monday. The stock has a 50-day moving average price of $66.91 and a 200-day moving average price of $72.04. Barrett Business Services has a 1-year low of $57.76 and a 1-year high of $86.82. The firm has a market cap of $576.40 million, a PE ratio of 15.53, a price-to-earnings-growth ratio of 1.26 and a beta of 1.48.

Barrett Business Services (NASDAQ:BBSI – Get Rating) last issued its earnings results on Wednesday, March 2nd. The business services provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.43. Barrett Business Services had a return on equity of 19.04{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} and a net margin of 3.99{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period in the previous year, the company posted $0.93 EPS. On average, equities analysts forecast that Barrett Business Services will post 5.14 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 1st. Investors of record on Friday, March 18th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.55{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}. The ex-dividend date is Thursday, March 17th. Barrett Business Services’s payout ratio is 24.00{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}.

Several research analysts recently issued reports on the company. StockNews.com raised Barrett Business Services from a “hold” rating to a “buy” rating in a research report on Saturday, March 12th. Barrington Research lowered their price objective on Barrett Business Services from $95.00 to $85.00 in a research report on Thursday, March 3rd. Zacks Investment Research raised Barrett Business Services from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Friday, March 4th. Finally, Roth Capital lifted their price objective on Barrett Business Services from $96.00 to $108.00 in a research report on Thursday, March 3rd. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Barrett Business Services currently has a consensus rating of “Buy” and a consensus price target of $91.00.

About Barrett Business Services (Get Rating)

Barrett Business Services, Inc engages in the provision of business management solutions for small and mid-sized companies. It develops management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry. It focuses on professional employer, and staffing and recruiting services.

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