Barrett Business Services, Inc. (NASDAQ:BBSI) Position Trimmed by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its holdings in Barrett Business Services, Inc. (NASDAQ:BBSI) by 12.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 2,657 shares of the business services provider’s stock after selling 373 shares during the period. Nisa Investment Advisors LLC’s holdings in Barrett Business Services were worth $109,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Private Trust Co. NA acquired a new position in Barrett Business Services in the first quarter valued at approximately $33,000. Prudent Man Investment Management Inc. bought a new stake in shares of Barrett Business Services in the 4th quarter worth approximately $35,000. Perkins Coie Trust Co boosted its position in Barrett Business Services by 10.0% during the 1st quarter. Perkins Coie Trust Co now owns 4,400 shares of the business services provider’s stock valued at $181,000 after purchasing an additional 400 shares during the period. KLP Kapitalforvaltning AS bought a new position in Barrett Business Services during the 4th quarter worth $209,000. Finally, Two Sigma Securities LLC acquired a new stake in Barrett Business Services in the fourth quarter worth $218,000. 86.76% of the stock is owned by institutional investors and hedge funds.

Barrett Business Services Price Performance

BBSI opened at $43.63 on Friday. The stock’s 50 day moving average price is $42.09 and its 200 day moving average price is $41.57. The stock has a market cap of $1.12 billion, a P/E ratio of 22.37, a P/E/G ratio of 1.48 and a beta of 0.99. Barrett Business Services, Inc. has a 12 month low of $31.77 and a 12 month high of $44.97.

Barrett Business Services (NASDAQ:BBSI) last issued its quarterly earnings results on Wednesday, May 7th. The business services provider reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.09. The company had revenue of $292.60 million for the quarter, compared to analyst estimates of $285.91 million. Barrett Business Services had a return on equity of 24.55% and a net margin of 4.45%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the company earned ($0.01) earnings per share. Equities analysts anticipate that Barrett Business Services, Inc. will post 2 EPS for the current year.

Barrett Business Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Friday, May 23rd. Barrett Business Services’s payout ratio is 16.41%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Barrett Business Services from a “strong-buy” rating to a “hold” rating in a report on Friday, May 16th. Barrington Research reissued an “outperform” rating and set a $45.00 target price on shares of Barrett Business Services in a research note on Tuesday, May 6th.

Insider Activity

In related news, COO Gerald Blotz sold 13,327 shares of the business’s stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $42.71, for a total value of $569,196.17. Following the sale, the chief operating officer directly owned 209,096 shares in the company, valued at $8,930,490.16. The trade was a 5.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas J. Carley sold 12,354 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $42.60, for a total transaction of $526,280.40. Following the sale, the director directly owned 91,628 shares of the company’s stock, valued at approximately $3,903,352.80. This represents a 11.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,061 shares of company stock worth $1,406,470. Corporate insiders own 4.10% of the company’s stock.

Barrett Business Services 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.