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

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

Barrett Business Services Price Performance

BBSI opened at $41.61 on Wednesday. Barrett Business Services, Inc. has a one year low of $26.60 and a one year high of $43.29. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 1.39 and a beta of 1.39. The business has a 50 day simple moving average of $37.83 and a two-hundred day simple moving average of $35.16.

Barrett Business Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors 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 dividend yield of 0.77%. Barrett Business Services’s payout ratio is currently 16.89%.

Analysts Set New Price Targets

BBSI has been the topic of a number of recent analyst reports. StockNews.com upgraded Barrett Business Services from a “hold” rating to a “buy” rating in a report on Tuesday. 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 note on Thursday, November 7th. Finally, Barrington Research boosted their target price on Barrett Business Services from $41.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th.

Institutional Trading of Barrett Business Services

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pacific Ridge Capital Partners LLC boosted its stake in shares of Barrett Business Services by 259.8% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 378,786 shares of the business services provider’s stock worth $12,413,000 after buying an additional 273,516 shares during the last quarter. Ironwood Investment Management LLC raised its holdings in Barrett Business Services by 155.0% during the second quarter. Ironwood Investment Management LLC now owns 87,856 shares of the business services provider’s stock valued at $2,879,000 after acquiring an additional 53,405 shares during the period. EP Wealth Advisors LLC bought a new stake in Barrett Business Services during the second quarter valued at about $758,000. Dimensional Fund Advisors LP raised its holdings in Barrett Business Services by 281.9% during the second quarter. Dimensional Fund Advisors LP now owns 867,708 shares of the business services provider’s stock valued at $28,435,000 after acquiring an additional 640,508 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its holdings in Barrett Business Services by 155.7% during the second quarter. State of New Jersey Common Pension Fund D now owns 59,324 shares of the business services provider’s stock valued at $1,944,000 after acquiring an additional 36,120 shares during the period. Hedge funds and other institutional investors own 86.76% of the company’s stock.

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.