SG Americas Securities LLC Buys 13,886 Shares of Barrett Business Services, Inc. $BBSI

SG Americas Securities LLC grew its stake in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 47.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 43,087 shares of the business services provider’s stock after purchasing an additional 13,886 shares during the quarter. SG Americas Securities LLC’s holdings in Barrett Business Services were worth $1,910,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Riverbridge Partners LLC bought a new position in shares of Barrett Business Services during the second quarter worth approximately $14,792,000. Trigran Investments Inc. bought a new position in Barrett Business Services during the 2nd quarter worth $7,531,000. CSM Advisors LLC bought a new position in Barrett Business Services during the 2nd quarter worth $6,155,000. First Trust Advisors LP acquired a new stake in shares of Barrett Business Services during the second quarter worth $5,536,000. Finally, Assenagon Asset Management S.A. boosted its position in shares of Barrett Business Services by 1,176.9% in the third quarter. Assenagon Asset Management S.A. now owns 123,742 shares of the business services provider’s stock valued at $5,484,000 after acquiring an additional 114,051 shares during the period. Institutional investors own 86.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BBSI shares. CJS Securities raised shares of Barrett Business Services to a “strong-buy” rating in a research report on Thursday, December 11th. Wall Street Zen cut shares of Barrett Business Services from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Barrington Research reiterated an “outperform” rating and issued a $46.00 price target on shares of Barrett Business Services in a research note on Monday, January 5th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Barrett Business Services in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $46.00.

Barrett Business Services Price Performance

Shares of NASDAQ:BBSI opened at $39.20 on Thursday. The firm has a 50 day moving average of $35.95 and a 200-day moving average of $41.69. Barrett Business Services, Inc. has a 12 month low of $33.01 and a 12 month high of $49.65. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $1.00 billion, a PE ratio of 18.85, a PEG ratio of 1.18 and a beta of 1.00.

Barrett Business Services (NASDAQ:BBSI) last posted its quarterly earnings results on Wednesday, November 5th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.02). Barrett Business Services had a return on equity of 24.36% and a net margin of 4.48%.The firm had revenue of $318.95 million for the quarter, compared to analyst estimates of $319.27 million. During the same quarter in the prior year, the business posted $0.74 EPS. The business’s revenue was up 8.4% on a year-over-year basis. On average, equities research analysts predict that Barrett Business Services, Inc. will post 2 EPS for the current fiscal year.

Barrett Business Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 21st were paid a $0.08 dividend. The ex-dividend date was Friday, November 21st. This represents a $0.32 annualized dividend and a dividend yield of 0.8%. Barrett Business Services’s dividend payout ratio (DPR) is presently 15.38%.

Insider Activity at Barrett Business Services

In other Barrett Business Services news, Director Joseph Stephen Clabby acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was acquired at an average cost of $34.83 per share, for a total transaction of $34,830.00. Following the transaction, the director directly owned 15,391 shares in the company, valued at $536,068.53. This represents a 6.95% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 4.10% of the company’s stock.

Barrett Business Services Profile

Barrett Business Services, Inc (NASDAQ: BBSI) is a professional employer organization (PEO) headquartered in Northridge, California. Founded in 1971 by Barrett K. Levesque, the company provides comprehensive human resources outsourcing solutions to small and mid-sized businesses. Through its consultative model, Barrett Business Services helps clients streamline administrative processes, mitigate regulatory risk and focus on core operations.

The company’s core offerings include payroll administration, employee benefits management, workers’ compensation and risk management services.