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

Barrett Business Services, Inc. (NASDAQ:BBSI) Director Thomas J. Carley sold 4,584 shares of Barrett Business Services stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $41.24, for a total value of $189,044.16. Following the completion of the transaction, the director now owns 91,628 shares of the company’s stock, valued at approximately $3,778,738.72. This represents a 4.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Barrett Business Services Stock Performance

Shares of NASDAQ BBSI opened at $41.61 on Wednesday. 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 stock has a 50 day moving average price of $37.83 and a 200 day moving average price of $35.16. Barrett Business Services, Inc. has a 52-week low of $26.60 and a 52-week high of $43.29.

Barrett Business Services Dividend Announcement

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

Institutional Trading of Barrett Business Services

Hedge funds have recently bought and sold shares of the stock. Continental Investors Services Inc. purchased a new stake in shares of Barrett Business Services during the 3rd quarter valued at $216,000. Geode Capital Management LLC increased its position in shares of Barrett Business Services by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 705,598 shares of the business services provider’s stock valued at $26,471,000 after acquiring an additional 32,632 shares during the period. Barclays PLC grew its position in Barrett Business Services by 42.9% during the 3rd quarter. Barclays PLC now owns 61,332 shares of the business services provider’s stock worth $2,300,000 after purchasing an additional 18,414 shares during the period. Verition Fund Management LLC acquired a new stake in Barrett Business Services during the 3rd quarter worth about $246,000. Finally, Martingale Asset Management L P grew its position in Barrett Business Services by 5.9% during the 3rd quarter. Martingale Asset Management L P now owns 52,178 shares of the business services provider’s stock worth $1,957,000 after purchasing an additional 2,904 shares during the period. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Analysts Set New Price Targets

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

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.