Barrett Business Services’ (BBSI) “Buy” Rating Reiterated at Roth Capital
Roth Capital reissued their buy rating on shares of Barrett Business Services (NASDAQ:BBSI) in a report published on Wednesday morning, Marketbeat reports. They currently have a $105.00 price objective on the business services provider’s stock.
Several other analysts also recently weighed in on BBSI. ValuEngine downgraded shares of Barrett Business Services from a buy rating to a hold rating in a research report on Thursday, November 30th. BidaskClub upgraded shares of Barrett Business Services from a hold rating to a buy rating in a research report on Friday, March 2nd.
Barrett Business Services (NASDAQ:BBSI) opened at $87.96 on Wednesday. Barrett Business Services has a fifty-two week low of $44.52 and a fifty-two week high of $88.33. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.96 and a quick ratio of 0.91. The company has a market cap of $642.14, a PE ratio of 26.98 and a beta of 1.40.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be given a $0.25 dividend. The ex-dividend date is Thursday, March 15th. This represents a $1.00 annualized dividend and a yield of 1.14%. Barrett Business Services’s dividend payout ratio is presently 30.67%.
Large investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in Barrett Business Services in the 4th quarter valued at about $158,000. MetLife Investment Advisors LLC bought a new stake in Barrett Business Services in the 4th quarter valued at about $249,000. Dynamic Technology Lab Private Ltd bought a new stake in Barrett Business Services in the 3rd quarter valued at about $245,000. Alliancebernstein L.P. bought a new stake in Barrett Business Services in the 2nd quarter valued at about $258,000. Finally, Voya Investment Management LLC lifted its position in Barrett Business Services by 12.0% in the 2nd quarter. Voya Investment Management LLC now owns 4,673 shares of the business services provider’s stock valued at $268,000 after purchasing an additional 501 shares during the last quarter. Hedge funds and other institutional investors own 77.69% of the company’s stock.
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.
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.