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

Barrett Business Services, Inc. (NASDAQ:BBSI) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 643,400 shares, a growth of 6.6% from the December 31st total of 603,500 shares. Based on an average daily trading volume, of 119,000 shares, the short-interest ratio is currently 5.4 days.

Insider Buying and Selling at Barrett Business Services

In other Barrett Business Services news, 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 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. The trade was a 4.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas B. Cusick sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $43.41, for a total value of $130,230.00. Following the sale, the director now owns 27,776 shares in the company, valued at $1,205,756.16. This trade represents a 9.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BBSI. Truvestments Capital LLC acquired a new position in shares of Barrett Business Services in the 3rd quarter valued at $34,000. Westside Investment Management Inc. purchased a new stake in Barrett Business Services in the 3rd quarter valued at about $34,000. Huntington National Bank acquired a new position in Barrett Business Services in the third quarter valued at about $39,000. USA Financial Formulas purchased a new position in Barrett Business Services during the third quarter worth about $60,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Barrett Business Services during the third quarter valued at about $77,000. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Roth Mkm boosted their price objective on Barrett Business Services from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Barrington Research reaffirmed an “outperform” rating and set a $45.00 target price on shares of Barrett Business Services in a report on Wednesday, December 11th. Finally, StockNews.com raised shares of Barrett Business Services from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th.

Barrett Business Services Stock Down 1.2 %

Shares of Barrett Business Services stock traded down $0.53 during mid-day trading on Monday, hitting $42.80. The stock had a trading volume of 81,240 shares, compared to its average volume of 79,811. The firm has a 50-day moving average of $43.18 and a two-hundred day moving average of $39.14. The firm has a market cap of $1.11 billion, a P/E ratio of 22.59, a price-to-earnings-growth ratio of 1.31 and a beta of 1.41. Barrett Business Services has a 12-month low of $27.06 and a 12-month high of $44.97.

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.