BidaskClub cut shares of Barrett Business Services (NASDAQ:BBSI) from a hold rating to a sell rating in a research note released on Saturday.
A number of other brokerages have also weighed in on BBSI. Zacks Investment Research raised Barrett Business Services from a sell rating to a hold rating in a research report on Tuesday, July 3rd. ValuEngine lowered Barrett Business Services from a buy rating to a hold rating in a research report on Wednesday, August 8th.
Shares of BBSI stock opened at $65.79 on Friday. Barrett Business Services has a 52-week low of $52.85 and a 52-week high of $98.76. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $491.50 million, a P/E ratio of 18.81 and a beta of 0.65.
The company also recently announced a quarterly dividend, which was paid on Friday, September 7th. Shareholders of record on Friday, August 24th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Thursday, August 23rd. Barrett Business Services’s dividend payout ratio (DPR) is presently 30.03%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Strs Ohio raised its position in Barrett Business Services by 6.5% during the 2nd quarter. Strs Ohio now owns 9,800 shares of the business services provider’s stock valued at $946,000 after purchasing an additional 600 shares in the last quarter. Martingale Asset Management L P raised its position in Barrett Business Services by 5.2% during the 2nd quarter. Martingale Asset Management L P now owns 26,312 shares of the business services provider’s stock valued at $2,541,000 after purchasing an additional 1,301 shares in the last quarter. MetLife Investment Advisors LLC raised its position in Barrett Business Services by 35.8% during the 1st quarter. MetLife Investment Advisors LLC now owns 5,240 shares of the business services provider’s stock valued at $434,000 after purchasing an additional 1,382 shares in the last quarter. Macquarie Group Ltd. raised its position in Barrett Business Services by 127.0% during the 2nd quarter. Macquarie Group Ltd. now owns 2,860 shares of the business services provider’s stock valued at $276,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Globeflex Capital L P bought a new stake in Barrett Business Services during the 2nd quarter valued at $157,000. 81.20% of the stock is owned by institutional investors and hedge funds.
Barrett Business Services Company Profile
Barrett Business Services, Inc provides business management solutions for small and medium-sized companies in the United States. The company has 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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