Barrett Business Services (NASDAQ:BBSI) Shares Down 7.2%

Barrett Business Services, Inc. (NASDAQ:BBSI)’s stock price traded down 7.2% during mid-day trading on Thursday . The stock traded as low as $113.67 and last traded at $113.67. 9,983 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 29,722 shares. The stock had previously closed at $122.43.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $141.00 price objective on shares of Barrett Business Services in a research note on Monday, April 22nd.

Barrett Business Services Trading Down 3.0 %

The firm has a market capitalization of $776.49 million, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 1.12 and a beta of 1.37. The firm has a 50 day moving average price of $121.36 and a 200-day moving average price of $112.94.

Barrett Business Services (NASDAQ:BBSI) last issued its quarterly earnings results on Wednesday, May 1st. The business services provider reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.29. Barrett Business Services had a return on equity of 27.69% and a net margin of 4.73%. The firm had revenue of $265.78 million during the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the company earned $0.12 EPS. Research analysts anticipate that Barrett Business Services, Inc. will post 7.78 earnings per share for the current year.

Barrett Business Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Thursday, March 14th. Barrett Business Services’s dividend payout ratio is currently 16.15%.

Institutional Investors Weigh In On Barrett Business Services

Institutional investors and hedge funds have recently modified their holdings of the business. AJOVista LLC bought a new stake in shares of Barrett Business Services during the 4th quarter worth approximately $27,000. Ramirez Asset Management Inc. bought a new stake in shares of Barrett Business Services during the 3rd quarter worth approximately $45,000. CWM LLC lifted its stake in shares of Barrett Business Services by 120,000.0% during the 4th quarter. CWM LLC now owns 1,201 shares of the business services provider’s stock worth $139,000 after acquiring an additional 1,200 shares during the last quarter. Arizona State Retirement System bought a new stake in shares of Barrett Business Services during the 4th quarter worth approximately $218,000. Finally, SG Americas Securities LLC bought a new stake in Barrett Business Services during the 4th quarter valued at $226,000. 86.76% of the stock is owned by institutional investors.

Barrett Business Services Company 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.