ValuEngine lowered shares of Barrett Business Services, Inc. (NASDAQ:BBSI) from a buy rating to a hold rating in a report released on Saturday.

A number of other research firms have also recently commented on BBSI. BidaskClub cut Barrett Business Services from a hold rating to a sell rating in a research note on Tuesday, July 25th. TheStreet raised Barrett Business Services from a c rating to a b- rating in a research note on Wednesday, August 9th.

Shares of Barrett Business Services (NASDAQ BBSI) traded up 0.08% during mid-day trading on Friday, hitting $48.86. 17,010 shares of the stock were exchanged. The stock has a market capitalization of $356.43 million, a P/E ratio of 19.68 and a beta of 1.34. The stock’s 50 day moving average price is $54.15 and its 200-day moving average price is $56.70. Barrett Business Services has a 12-month low of $41.99 and a 12-month high of $66.93.

Barrett Business Services (NASDAQ:BBSI) last released its earnings results on Tuesday, August 8th. The business services provider reported $1.47 EPS for the quarter. Barrett Business Services had a return on equity of 33.55% and a net margin of 2.06%. The firm had revenue of $1.30 billion for the quarter. On average, equities research analysts expect that Barrett Business Services will post $3.43 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Barrett Business Services, Inc. (BBSI) Lowered to “Hold” at ValuEngine” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another publication, it was stolen and republished in violation of international copyright and trademark law. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/08/27/barrett-business-services-inc-bbsi-lowered-to-hold-at-valuengine.html.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.05%. Barrett Business Services’s dividend payout ratio is currently 42.02%.

In other news, Director Anthony Meeker sold 1,000 shares of the stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $58.11, for a total value of $58,110.00. Following the sale, the director now directly owns 11,473 shares of the company’s stock, valued at $666,696.03. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 6.00% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Barrett Business Services by 7.1% in the first quarter. Vanguard Group Inc. now owns 346,300 shares of the business services provider’s stock worth $18,915,000 after buying an additional 23,028 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Barrett Business Services by 10.6% in the first quarter. PNC Financial Services Group Inc. now owns 7,918 shares of the business services provider’s stock worth $433,000 after buying an additional 761 shares in the last quarter. Spark Investment Management LLC boosted its stake in Barrett Business Services by 43.7% in the first quarter. Spark Investment Management LLC now owns 21,700 shares of the business services provider’s stock worth $1,185,000 after buying an additional 6,600 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its stake in Barrett Business Services by 111.2% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 25,131 shares of the business services provider’s stock worth $1,371,000 after buying an additional 13,231 shares in the last quarter. Finally, American International Group Inc. boosted its stake in Barrett Business Services by 7.1% in the first quarter. American International Group Inc. now owns 4,347 shares of the business services provider’s stock worth $237,000 after buying an additional 290 shares in the last quarter. 71.96% of the stock is currently owned by hedge funds and other institutional investors.

Barrett Business Services Company Profile

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.

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