Gregory R. Vaughn Sells 7,679 Shares of Barrett Business Services, Inc. (BBSI) Stock

Barrett Business Services, Inc. (NASDAQ:BBSI) COO Gregory R. Vaughn sold 7,679 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $80.98, for a total transaction of $621,845.42. Following the transaction, the chief operating officer now owns 88,157 shares of the company’s stock, valued at $7,138,953.86. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

NASDAQ BBSI opened at $79.64 on Friday. Barrett Business Services, Inc. has a 52-week low of $53.10 and a 52-week high of $98.76. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.03. The firm has a market cap of $594.67 million, a PE ratio of 15.99 and a beta of 0.88.

Barrett Business Services (NASDAQ:BBSI) last posted its quarterly earnings data on Tuesday, February 26th. The business services provider reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.64. Barrett Business Services had a net margin of 4.05% and a return on equity of 40.14%. On average, equities analysts expect that Barrett Business Services, Inc. will post 5.41 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Thursday, March 14th. Barrett Business Services’s dividend payout ratio is currently 20.08%.

BBSI has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Barrett Business Services from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Friday, January 18th. BidaskClub raised shares of Barrett Business Services from a “hold” rating to a “buy” rating in a report on Wednesday, February 20th. Finally, Roth Capital lifted their price objective on shares of Barrett Business Services from $100.00 to $109.00 and gave the stock a “buy” rating in a report on Thursday, February 28th. One analyst has rated the stock with a sell rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $98.67.

Hedge funds and other institutional investors have recently bought and sold shares of the company. American Century Companies Inc. lifted its stake in Barrett Business Services by 25.8% in the fourth quarter. American Century Companies Inc. now owns 47,823 shares of the business services provider’s stock worth $2,738,000 after purchasing an additional 9,796 shares during the last quarter. FMR LLC lifted its stake in Barrett Business Services by 97.0% in the fourth quarter. FMR LLC now owns 152,531 shares of the business services provider’s stock worth $8,732,000 after purchasing an additional 75,117 shares during the last quarter. Legal & General Group Plc lifted its stake in Barrett Business Services by 29.1% in the fourth quarter. Legal & General Group Plc now owns 1,349 shares of the business services provider’s stock worth $77,000 after purchasing an additional 304 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its stake in Barrett Business Services by 393.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,321 shares of the business services provider’s stock worth $133,000 after purchasing an additional 1,851 shares during the last quarter. Finally, Mackay Shields LLC bought a new stake in Barrett Business Services in the fourth quarter worth $1,634,000. 80.31% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “Gregory R. Vaughn Sells 7,679 Shares of Barrett Business Services, Inc. (BBSI) Stock” was reported by WKRB News and is owned by of WKRB News. If you are reading this story on another publication, it was illegally stolen and reposted in violation of international copyright and trademark law. The correct version of this story can be viewed at https://www.wkrb13.com/2019/03/15/gregory-r-vaughn-sells-7679-shares-of-barrett-business-services-inc-bbsi-stock.html.

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.

Recommended Story: Risk Tolerance

Insider Buying and Selling by Quarter for Barrett Business Services (NASDAQ:BBSI)

Receive News & Ratings for Barrett Business Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrett Business Services and related companies with MarketBeat.com's FREE daily email newsletter.