SG Americas Securities LLC Buys 8,055 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

SG Americas Securities LLC increased its stake in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 197.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,137 shares of the business services provider’s stock after acquiring an additional 8,055 shares during the quarter. SG Americas Securities LLC’s holdings in Barrett Business Services were worth $455,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of BBSI. CWM LLC boosted its stake in Barrett Business Services by 12,014.3% during the second quarter. CWM LLC now owns 848 shares of the business services provider’s stock worth $28,000 after acquiring an additional 841 shares in the last quarter. Amalgamated Bank boosted its stake in Barrett Business Services by 300.0% during the second quarter. Amalgamated Bank now owns 936 shares of the business services provider’s stock worth $31,000 after acquiring an additional 702 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Barrett Business Services by 415.2% during the second quarter. Nisa Investment Advisors LLC now owns 2,906 shares of the business services provider’s stock worth $95,000 after acquiring an additional 2,342 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Barrett Business Services by 300.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,280 shares of the business services provider’s stock worth $107,000 after acquiring an additional 2,460 shares in the last quarter. Finally, Perkins Coie Trust Co bought a new position in Barrett Business Services during the second quarter worth $118,000. 86.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Barrington Research increased their target price on shares of Barrett Business Services from $35.00 to $41.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Roth Mkm raised their price objective on shares of Barrett Business Services from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, August 1st.

Barrett Business Services Trading Up 1.8 %

Barrett Business Services stock opened at $38.01 on Thursday. Barrett Business Services, Inc. has a 1-year low of $21.59 and a 1-year high of $38.07. The firm has a market capitalization of $994.61 million, a price-to-earnings ratio of 20.88, a price-to-earnings-growth ratio of 1.24 and a beta of 1.38. The firm’s fifty day moving average price is $36.11 and its two-hundred day moving average price is $33.71.

Barrett Business Services (NASDAQ:BBSI) last released its quarterly earnings results on Wednesday, July 31st. The business services provider reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. Barrett Business Services had a net margin of 4.50% and a return on equity of 25.69%. The company had revenue of $279.60 million for the quarter, compared to analyst estimates of $273.13 million. During the same period last year, the firm earned $0.62 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. On average, research analysts forecast that Barrett Business Services, Inc. will post 1.99 EPS for the current year.

Barrett Business Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a dividend of $0.08 per share. This is a positive change from Barrett Business Services’s previous quarterly dividend of $0.08. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, August 16th. Barrett Business Services’s dividend payout ratio (DPR) is presently 17.58%.

Insider Activity at Barrett Business Services

In related news, CEO Gary Kramer sold 34,288 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $35.05, for a total transaction of $1,201,794.40. Following the transaction, the chief executive officer now directly owns 242,543 shares of the company’s stock, valued at $8,501,132.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 35,133 shares of company stock valued at $1,231,357 over the last ninety days. Corporate insiders own 3.70% of the company’s stock.

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.