SG Americas Securities LLC Has $1.91 Million Position in Barrett Business Services, Inc. $BBSI

SG Americas Securities LLC increased its position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 47.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 43,087 shares of the business services provider’s stock after buying an additional 13,886 shares during the quarter. SG Americas Securities LLC owned 0.17% of Barrett Business Services worth $1,910,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Tripletail Wealth Management LLC acquired a new position in Barrett Business Services during the 3rd quarter worth approximately $34,000. Farther Finance Advisors LLC grew its position in Barrett Business Services by 1,388.3% in the third quarter. Farther Finance Advisors LLC now owns 893 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 833 shares in the last quarter. NewEdge Advisors LLC grew its position in Barrett Business Services by 270.2% in the second quarter. NewEdge Advisors LLC now owns 1,999 shares of the business services provider’s stock valued at $83,000 after purchasing an additional 1,459 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Barrett Business Services by 192.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,266 shares of the business services provider’s stock valued at $178,000 after buying an additional 2,805 shares during the last quarter. Finally, Corton Capital Inc. acquired a new stake in Barrett Business Services in the 2nd quarter valued at $212,000. Institutional investors and hedge funds own 86.76% of the company’s stock.

Analyst Upgrades and Downgrades

BBSI has been the subject of a number of recent research reports. CJS Securities upgraded shares of Barrett Business Services to a “strong-buy” rating in a research note on Thursday, December 11th. Barrington Research reissued an “outperform” rating and set a $46.00 price target on shares of Barrett Business Services in a research report on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Barrett Business Services in a research report on Monday, December 29th. Finally, Wall Street Zen cut Barrett Business Services from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $46.00.

Barrett Business Services Trading Up 1.1%

Barrett Business Services stock opened at $39.20 on Thursday. The stock has a 50-day simple moving average of $35.95 and a 200 day simple moving average of $41.69. The stock has a market capitalization of $1.00 billion, a P/E ratio of 18.85, a PEG ratio of 1.18 and a beta of 1.00. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.27 and a current ratio of 1.27. Barrett Business Services, Inc. has a 52 week low of $33.01 and a 52 week high of $49.65.

Barrett Business Services (NASDAQ:BBSI) last released its quarterly earnings data 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 net margin of 4.48% and a return on equity of 24.36%. The business had revenue of $318.95 million during the quarter, compared to the consensus estimate of $319.27 million. During the same quarter in the prior year, the company earned $0.74 EPS. Barrett Business Services’s quarterly revenue was up 8.4% on a year-over-year basis. Analysts expect that Barrett Business Services, Inc. will post 2 earnings per share for the current year.

Barrett Business Services Dividend Announcement

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

Insider Buying and Selling

In related news, Director Joseph Stephen Clabby acquired 1,000 shares of Barrett Business Services stock in a transaction on Tuesday, November 11th. The stock was purchased at an average cost of $34.83 per share, with a total value of $34,830.00. Following the completion of the transaction, the director directly owned 15,391 shares in the company, valued at $536,068.53. This trade represents a 6.95% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.10% of the stock is currently owned by company insiders.

Barrett Business Services Company 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.