BidaskClub cut shares of Barrett Business Services, Inc. (NASDAQ:BBSI) from a hold rating to a sell rating in a report released on Tuesday.

Separately, TheStreet downgraded shares of Barrett Business Services from a b- rating to a c+ rating in a research note on Monday, April 3rd.

Shares of Barrett Business Services (BBSI) traded down 0.27% during mid-day trading on Tuesday, reaching $54.99. 47,359 shares of the company traded hands. Barrett Business Services has a 52-week low of $41.06 and a 52-week high of $66.93. The stock has a market capitalization of $398.73 million, a PE ratio of 26.07 and a beta of 1.37. The stock’s 50 day moving average is $57.23 and its 200 day moving average is $58.02.

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In other news, Director Anthony Meeker sold 1,000 shares of the business’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $58.11, for a total value of $58,110.00. Following the sale, the director now owns 11,473 shares in the company, valued at approximately $666,696.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.00% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of BBSI. Creative Planning increased its stake in shares of Barrett Business Services by 1,356.6% in the first quarter. Creative Planning now owns 1,879 shares of the business services provider’s stock valued at $103,000 after buying an additional 1,750 shares in the last quarter. First Quadrant L P CA purchased a new stake in shares of Barrett Business Services during the second quarter valued at approximately $190,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Barrett Business Services during the first quarter valued at approximately $207,000. American International Group Inc. increased its stake in shares of Barrett Business Services by 7.1% in the first quarter. American International Group Inc. now owns 4,347 shares of the business services provider’s stock valued at $237,000 after buying an additional 290 shares in the last quarter. Finally, HPM Partners LLC purchased a new stake in shares of Barrett Business Services during the first quarter valued at approximately $265,000. Institutional investors own 72.96% of the company’s stock.

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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