Barrett Business Services, Inc. (NASDAQ:BBSI) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its stake in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 12.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,657 shares of the business services provider’s stock after selling 373 shares during the period. Nisa Investment Advisors LLC’s holdings in Barrett Business Services were worth $109,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Tieton Capital Management LLC grew its holdings in shares of Barrett Business Services by 23.2% during the 4th quarter. Tieton Capital Management LLC now owns 251,628 shares of the business services provider’s stock worth $10,931,000 after purchasing an additional 47,447 shares during the period. Deutsche Bank AG lifted its position in Barrett Business Services by 43.3% during the fourth quarter. Deutsche Bank AG now owns 27,831 shares of the business services provider’s stock valued at $1,209,000 after buying an additional 8,403 shares in the last quarter. Two Sigma Investments LP purchased a new stake in Barrett Business Services during the fourth quarter worth approximately $353,000. GAMMA Investing LLC increased its position in shares of Barrett Business Services by 5,807.9% in the first quarter. GAMMA Investing LLC now owns 11,934 shares of the business services provider’s stock worth $491,000 after acquiring an additional 11,732 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Barrett Business Services in the fourth quarter worth $485,000. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Barrington Research reaffirmed an “outperform” rating and set a $45.00 price target on shares of Barrett Business Services in a research report on Tuesday, May 6th. Wall Street Zen downgraded Barrett Business Services from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 16th.

Barrett Business Services Trading Down 0.0%

NASDAQ BBSI opened at $43.63 on Friday. The stock has a market cap of $1.12 billion, a P/E ratio of 22.37, a PEG ratio of 1.48 and a beta of 0.99. The company’s fifty day simple moving average is $42.09 and its 200-day simple moving average is $41.57. Barrett Business Services, Inc. has a 52 week low of $31.77 and a 52 week high of $44.97.

Barrett Business Services (NASDAQ:BBSI) last released its quarterly earnings results on Wednesday, May 7th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.09. The firm had revenue of $292.60 million for the quarter, compared to the consensus estimate of $285.91 million. Barrett Business Services had a net margin of 4.45% and a return on equity of 24.55%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.01) EPS. On average, research analysts expect that Barrett Business Services, Inc. will post 2 EPS for the current fiscal year.

Barrett Business Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Friday, May 23rd. Barrett Business Services’s dividend payout ratio is currently 16.41%.

Insider Buying and Selling at Barrett Business Services

In other Barrett Business Services news, COO Gerald Blotz sold 13,327 shares of the company’s stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $42.71, for a total value of $569,196.17. Following the transaction, the chief operating officer directly owned 209,096 shares of the company’s stock, valued at $8,930,490.16. This represents a 5.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Thomas J. Carley sold 12,354 shares of Barrett Business Services stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $42.60, for a total transaction of $526,280.40. Following the completion of the sale, the director owned 91,628 shares of the company’s stock, valued at approximately $3,903,352.80. This trade represents a 11.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,061 shares of company stock worth $1,406,470 in the last 90 days. 4.10% of the stock is owned by corporate insiders.

Barrett Business Services 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.