Thomas J. Carley Sells 4,584 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI) Stock

Barrett Business Services, Inc. (NASDAQ:BBSI) Director Thomas J. Carley sold 4,584 shares of Barrett Business Services stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.24, for a total transaction of $189,044.16. Following the sale, the director now directly owns 91,628 shares of the company’s stock, valued at $3,778,738.72. This trade represents a 4.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Barrett Business Services Price Performance

BBSI traded up $0.18 on Tuesday, hitting $41.61. The company had a trading volume of 148,719 shares, compared to its average volume of 137,100. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 21.86, a price-to-earnings-growth ratio of 1.39 and a beta of 1.39. The company’s fifty day moving average price is $37.72 and its 200 day moving average price is $35.09. Barrett Business Services, Inc. has a 1-year low of $26.60 and a 1-year high of $43.29.

Barrett Business Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Friday, November 22nd. Barrett Business Services’s dividend payout ratio is currently 16.89%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BBSI. Quadrature Capital Ltd increased its stake in shares of Barrett Business Services by 74.4% in the first quarter. Quadrature Capital Ltd now owns 10,435 shares of the business services provider’s stock worth $1,318,000 after purchasing an additional 4,450 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Barrett Business Services by 64.4% during the first quarter. Lazard Asset Management LLC now owns 2,546 shares of the business services provider’s stock worth $322,000 after buying an additional 997 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Barrett Business Services by 152.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,610 shares of the business services provider’s stock worth $1,346,000 after acquiring an additional 6,399 shares during the last quarter. Aristides Capital LLC acquired a new position in Barrett Business Services during the 1st quarter valued at $277,000. Finally, Virtu Financial LLC bought a new stake in Barrett Business Services in the 1st quarter valued at $227,000. Institutional investors and hedge funds own 86.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BBSI. StockNews.com upgraded Barrett Business Services from a “hold” rating to a “buy” rating in a research note on Tuesday. Roth Mkm increased their price objective on Barrett Business Services from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Barrington Research lifted their target price on shares of Barrett Business Services from $41.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th.

Barrett Business Services Company Profile

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.