Barrett Business Services, Inc. (BBSI) Posts Quarterly Earnings Results

Barrett Business Services, Inc. (NASDAQ:BBSI) announced its quarterly earnings results on Tuesday, August 8th. The business services provider reported $1.47 EPS for the quarter, Bloomberg Earnings reports. Barrett Business Services had a return on equity of 33.55% and a net margin of 2.06%. The company had revenue of $1.30 billion during the quarter.

Shares of Barrett Business Services (BBSI) traded down 5.18% during trading on Friday, reaching $50.12. The company had a trading volume of 76,452 shares. Barrett Business Services has a 52 week low of $41.99 and a 52 week high of $66.93. The stock’s 50-day moving average price is $55.20 and its 200-day moving average price is $57.09. The company has a market capitalization of $365.63 million, a PE ratio of 20.19 and a beta of 1.34.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Wednesday, August 23rd. Barrett Business Services’s payout ratio is presently 42.02%.

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In other Barrett Business Services news, Director Anthony Meeker sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $58.11, for a total transaction of $58,110.00. Following the completion of the sale, the director now directly owns 11,473 shares in the company, valued at approximately $666,696.03. The transaction was disclosed in a document filed with the SEC, which is available through this link. 6.00% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of BBSI. Prudential Financial Inc. boosted its position in shares of Barrett Business Services by 241.3% in the first quarter. Prudential Financial Inc. now owns 35,628 shares of the business services provider’s stock valued at $1,946,000 after buying an additional 25,190 shares in the last quarter. Creative Planning boosted its position in shares of Barrett Business Services by 1,356.6% in the first quarter. Creative Planning now owns 1,879 shares of the business services provider’s stock valued at $103,000 after buying an additional 1,750 shares in the last quarter. River Road Asset Management LLC boosted its position in shares of Barrett Business Services by 1.5% in the first quarter. River Road Asset Management LLC now owns 126,623 shares of the business services provider’s stock valued at $6,916,000 after buying an additional 1,820 shares in the last quarter. Tudor Investment Corp ET AL boosted its position in shares of Barrett Business Services by 35.1% in the first quarter. Tudor Investment Corp ET AL now owns 18,103 shares of the business services provider’s stock valued at $989,000 after buying an additional 4,706 shares in the last quarter. Finally, Strs Ohio boosted its position in shares of Barrett Business Services by 10.4% in the first quarter. Strs Ohio now owns 12,700 shares of the business services provider’s stock valued at $693,000 after buying an additional 1,200 shares in the last quarter. Institutional investors own 71.96% of the company’s stock.

A number of equities analysts recently commented on the company. TheStreet raised Barrett Business Services from a “c” rating to a “b-” rating in a research note on Wednesday, August 9th. BidaskClub lowered Barrett Business Services from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd.

About Barrett Business Services

Barrett Business Services, Inc (BBSI) is a provider of business management solutions for small and mid-sized companies. The Company has developed a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry.

Earnings History for Barrett Business Services (NASDAQ:BBSI)

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