Barrett Business Services (BBSI) Sets New 12-Month High at $67.83

Barrett Business Services, Inc. (NASDAQ:BBSI) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $67.83 and last traded at $65.47, with a volume of 30800 shares traded. The stock had previously closed at $65.02.

Separately, ValuEngine downgraded shares of Barrett Business Services from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th.

The company has a market cap of $497.96, a PE ratio of 21.86 and a beta of 1.50. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.05.

The business also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 24th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Wednesday, November 22nd. Barrett Business Services’s dividend payout ratio is presently 33.78%.

Large investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd purchased a new stake in Barrett Business Services during the 3rd quarter worth approximately $245,000. Alliancebernstein L.P. purchased a new stake in Barrett Business Services during the 2nd quarter worth approximately $258,000. Voya Investment Management LLC grew its position in Barrett Business Services by 12.0% during the 2nd quarter. Voya Investment Management LLC now owns 4,673 shares of the business services provider’s stock worth $268,000 after purchasing an additional 501 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Barrett Business Services by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,737 shares of the business services provider’s stock worth $329,000 after purchasing an additional 166 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in Barrett Business Services by 1,933.3% during the 3rd quarter. Bessemer Group Inc. now owns 6,100 shares of the business services provider’s stock worth $345,000 after purchasing an additional 5,800 shares during the last quarter. 77.15% of the stock is currently owned by institutional investors.

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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.

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