Gary Kramer Purchases 1,000 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI) Stock

Barrett Business Services, Inc. (NASDAQ:BBSI – Get Rating) CEO Gary Kramer bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 20th. The shares were bought at an average price of $70.13 per share, for a total transaction of $70,130.00. Following the completion of the acquisition, the chief executive officer now owns 34,451 shares in the company, valued at approximately $2,416,048.63. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of BBSI traded up $1.18 during mid-day trading on Thursday, hitting $73.82. The stock had a trading volume of 585 shares, compared to its average volume of 51,649. The company has a market cap of $540.36 million, a PE ratio of 12.88, a PEG ratio of 0.79 and a beta of 1.46. The company’s fifty day simple moving average is $74.69 and its two-hundred day simple moving average is $70.67. Barrett Business Services, Inc. has a fifty-two week low of $57.76 and a fifty-two week high of $86.82.

Barrett Business Services (NASDAQ:BBSI – Get Rating) last issued its earnings results on Wednesday, May 4th. The business services provider reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.63) by $0.67. The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.72 billion. Barrett Business Services had a return on equity of 21.43% and a net margin of 4.37%. During the same quarter last year, the firm earned ($0.60) EPS. On average, equities analysts anticipate that Barrett Business Services, Inc. will post 6.07 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 3rd. Investors of record on Friday, May 20th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, May 19th. This represents a $1.20 dividend on an annualized basis and a yield of 1.63%. Barrett Business Services’s dividend payout ratio is currently 21.28%.

BBSI has been the topic of several analyst reports. TheStreet downgraded Barrett Business Services from a “b-” rating to a “c+” rating in a report on Tuesday. Barrington Research raised their price objective on Barrett Business Services from $85.00 to $102.00 in a research note on Thursday, May 5th. Zacks Investment Research upgraded Barrett Business Services from a “hold” rating to a “strong-buy” rating and set a $88.00 price objective for the company in a research note on Monday, May 9th. StockNews.com lowered Barrett Business Services from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 13th. Finally, Roth Capital restated a “buy” rating on shares of Barrett Business Services in a research note on Thursday, May 5th. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $99.33.

A number of large investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System boosted its position in Barrett Business Services by 1.6% during the 4th quarter. California State Teachers Retirement System now owns 10,420 shares of the business services provider’s stock valued at $720,000 after purchasing an additional 169 shares during the period. Captrust Financial Advisors boosted its position in Barrett Business Services by 1.4% during the 1st quarter. Captrust Financial Advisors now owns 11,904 shares of the business services provider’s stock valued at $926,000 after purchasing an additional 170 shares during the period. Advisor Group Holdings Inc. raised its stake in Barrett Business Services by 5.5% during the 3rd quarter. Advisor Group Holdings Inc. now owns 3,599 shares of the business services provider’s stock valued at $274,000 after acquiring an additional 189 shares in the last quarter. Lazard Asset Management LLC raised its stake in Barrett Business Services by 26.9% during the 1st quarter. Lazard Asset Management LLC now owns 1,029 shares of the business services provider’s stock valued at $79,000 after acquiring an additional 218 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Barrett Business Services by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 53,003 shares of the business services provider’s stock worth $3,661,000 after acquiring an additional 265 shares during the period. Institutional investors and hedge funds own 81.74% of the company’s stock.

About Barrett Business Services (Get Rating)

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.

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