Barrett Business Services, Inc. (NASDAQ:BBSI) Short Interest Update

Barrett Business Services, Inc. (NASDAQ:BBSI) saw a large decrease in short interest in April. As of April 15th, there was short interest totalling 48,700 shares, a decrease of 19.9% from the March 31st total of 60,800 shares. Based on an average daily volume of 29,700 shares, the short-interest ratio is currently 1.6 days. Approximately 0.8% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Barrington Research reiterated an “outperform” rating and issued a $141.00 target price on shares of Barrett Business Services in a research report on Monday, April 22nd.

Institutional Trading of Barrett Business Services

Institutional investors have recently modified their holdings of the company. Private Capital Management LLC increased its holdings in Barrett Business Services by 0.5% during the 4th quarter. Private Capital Management LLC now owns 346,058 shares of the business services provider’s stock valued at $40,074,000 after purchasing an additional 1,575 shares during the period. FMR LLC grew its position in shares of Barrett Business Services by 4.3% in the 3rd quarter. FMR LLC now owns 315,370 shares of the business services provider’s stock worth $28,459,000 after buying an additional 12,997 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Barrett Business Services by 10.8% during the fourth quarter. Wellington Management Group LLP now owns 193,903 shares of the business services provider’s stock valued at $22,454,000 after buying an additional 18,897 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Barrett Business Services by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 84,945 shares of the business services provider’s stock valued at $9,837,000 after acquiring an additional 1,252 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Barrett Business Services by 0.4% in the third quarter. Bank of New York Mellon Corp now owns 53,936 shares of the business services provider’s stock worth $4,867,000 after acquiring an additional 219 shares during the period. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Barrett Business Services Stock Performance

BBSI stock traded down $1.34 during trading on Friday, hitting $121.77. 24,877 shares of the company traded hands, compared to its average volume of 27,466. The company has a 50-day moving average of $120.79 and a 200-day moving average of $112.22. Barrett Business Services has a 1 year low of $76.22 and a 1 year high of $130.00. The firm has a market capitalization of $796.38 million, a PE ratio of 16.39, a P/E/G ratio of 1.13 and a beta of 1.35.

Barrett Business Services (NASDAQ:BBSI) last released its quarterly earnings data on Wednesday, February 28th. The business services provider reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.29. Barrett Business Services had a return on equity of 27.69% and a net margin of 4.73%. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.02 billion. Sell-side analysts expect that Barrett Business Services will post 7.78 EPS for the current year.

Barrett Business Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Thursday, March 14th. Barrett Business Services’s payout ratio is 16.15%.

About Barrett Business Services

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.