Barrett Business Services, Inc. (BBSI) to Issue $0.25 Quarterly Dividend
Barrett Business Services, Inc. (NASDAQ:BBSI) declared a quarterly dividend on Monday, August 14th, NASDAQ reports. Investors of record on Friday, August 25th will be given a dividend of 0.25 per share by the business services provider on Friday, September 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Wednesday, August 23rd.
Barrett Business Services (BBSI) opened at 51.96 on Tuesday. The company has a market capitalization of $379.05 million, a PE ratio of 20.93 and a beta of 1.34. Barrett Business Services has a 12-month low of $41.99 and a 12-month high of $66.93. The company has a 50 day moving average price of $55.73 and a 200-day moving average price of $57.29.
Barrett Business Services (NASDAQ:BBSI) last announced its quarterly earnings data on Tuesday, August 8th. The business services provider reported $1.47 earnings per share for the quarter. Barrett Business Services had a return on equity of 33.55% and a net margin of 2.06%. The business had revenue of $1.30 billion during the quarter. On average, analysts anticipate that Barrett Business Services will post $3.43 EPS for the current year.
BBSI has been the subject of several recent analyst reports. BidaskClub downgraded Barrett Business Services from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. TheStreet upgraded Barrett Business Services from a “c” rating to a “b-” rating in a research report on Wednesday, August 9th.
In related news, Director Anthony Meeker sold 1,000 shares of the company’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $58.11, for a total transaction of $58,110.00. Following the completion of the sale, the director now directly owns 11,473 shares in the company, valued at approximately $666,696.03. The sale was disclosed in a filing with the SEC, which is available through this link. 6.30% of the stock is owned by corporate insiders.
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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