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Headlines
- SG Americas Securities LLC increases its stake in Barrett Business Services by 18.7% in Q4.
- Other institutional investors make notable additions to their holdings.
- Equities Experts provide optimistic price targets for Barrett Business Services.
Barrett Business Services Sees Enhanced Institutional Interest
Barrett Business Services, Inc. (NASDAQ:BBSI) has recently garnered significant interest from institutional investors, highlighted by SG Americas Securities LLC boosting its investment by 18.7% during the fourth quarter. SG Americas acquired an additional 2,265 shares, bringing its total holdings to 14,402 shares, valued at approximately $626,000 as of the latest quarter.
Increasing Stakes from Other Institutional Investors
The interest in Barrett Business Services is not isolated to SG Americas. Summit Global Investments added 352 shares in the third quarter, bringing its total to 24,456 shares worth $917,000. Similarly, Perkins Coie Trust Co increased its stake by 11.1%, acquiring 400 additional shares for a total of 4,000 shares valued at $150,000. Other significant investors include BNP Paribas Financial Markets and Lakewood Asset Management LLC, both of whom also increased their stakes during the period.
Market Performance and Dividend Announcement
Barrett Business Services opened at $43.57, with a fifty-two week range between $27.06 and $44.97. The company maintains a market capitalization of $1.13 billion, a price-to-earnings ratio of 22.99, and a PEG ratio of 1.33. It recently announced a quarterly dividend of $0.08 per share, delivering a 0.73% annual yield. The dividend was paid to investors registered by November 22, 2019.
Notable Transactions by Insiders
Recently, Director Thomas B. Cusick sold 3,000 shares at an average price of $43.41, yielding a transaction value of $130,230. Meanwhile, Director Joseph Stephen Clabby made a significant purchase of 1,635 shares at an average cost of $43.01, increasing his holdings by 16.87%. These transactions were disclosed in SEC filings, highlighting ongoing insider interest in the company’s prospects.
About Barrett Business Services
Barrett Business Services, Inc. delivers comprehensive business management solutions across the U.S., integrating management consulting methodologies with human resource outsourcing tools. It caters to small to mid-sized businesses, providing a trusted framework for streamlined operations and growth support.
