Barrett Business Services, Inc. (NASDAQ:BBSI) Director Buys $70,321.35 in Stock

Barrett Business Services, Inc. (NASDAQ:BBSI) Director Joseph Stephen Clabby bought 1,635 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was bought at an average price of $43.01 per share, for a total transaction of $70,321.35. Following the completion of the purchase, the director now owns 11,327 shares of the company’s stock, valued at approximately $487,174.27. The trade was a 16.87 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Barrett Business Services Trading Up 0.4 %

BBSI stock traded up $0.18 during midday trading on Tuesday, reaching $41.61. 148,719 shares of the company’s stock traded hands, compared to its average volume of 137,100. Barrett Business Services, Inc. has a 52-week low of $26.60 and a 52-week high of $43.29. The stock has a market cap of $1.08 billion, a P/E ratio of 21.96, a PEG ratio of 1.39 and a beta of 1.39. The stock’s 50-day moving average is $37.83 and its 200 day moving average is $35.16.

Barrett Business Services Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. CWM LLC increased its stake in Barrett Business Services by 12,014.3% during the second quarter. CWM LLC now owns 848 shares of the business services provider’s stock worth $28,000 after acquiring an additional 841 shares during the last quarter. Amalgamated Bank raised its stake in shares of Barrett Business Services by 300.0% in the second quarter. Amalgamated Bank now owns 936 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 702 shares during the period. Truvestments Capital LLC purchased a new stake in shares of Barrett Business Services in the third quarter valued at $34,000. Huntington National Bank purchased a new stake in Barrett Business Services in the 3rd quarter worth about $39,000. Finally, USA Financial Formulas bought a new stake in Barrett Business Services in the third quarter worth about $60,000. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Barrington Research upped their price target on Barrett Business Services from $41.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. StockNews.com raised shares of Barrett Business Services from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Roth Mkm boosted their price objective on Barrett Business Services from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, November 7th.

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.