Willner & Heller LLC Cuts Stock Holdings in Barrett Business Services, Inc. (NASDAQ:BBSI)

Willner & Heller LLC cut its stake in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 1.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,711 shares of the business services provider’s stock after selling 622 shares during the period. Barrett Business Services accounts for approximately 1.3% of Willner & Heller LLC’s holdings, making the stock its 15th biggest holding. Willner & Heller LLC owned approximately 0.14% of Barrett Business Services worth $1,415,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in BBSI. CWM LLC increased its position in shares of Barrett Business Services by 12,014.3% in the second quarter. CWM LLC now owns 848 shares of the business services provider’s stock worth $28,000 after acquiring an additional 841 shares in the last quarter. Amalgamated Bank lifted its stake in shares of Barrett Business Services by 300.0% during the second quarter. Amalgamated Bank now owns 936 shares of the business services provider’s stock worth $31,000 after purchasing an additional 702 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of Barrett Business Services in the third quarter worth about $60,000. Nisa Investment Advisors LLC grew its stake in shares of Barrett Business Services by 415.2% in the second quarter. Nisa Investment Advisors LLC now owns 2,906 shares of the business services provider’s stock valued at $95,000 after buying an additional 2,342 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Barrett Business Services by 300.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,280 shares of the business services provider’s stock valued at $107,000 after buying an additional 2,460 shares during the period. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Gary Kramer sold 34,288 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $35.05, for a total value of $1,201,794.40. Following the completion of the sale, the chief executive officer now directly owns 242,543 shares in the company, valued at approximately $8,501,132.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders sold 35,133 shares of company stock worth $1,231,357. Corporate insiders own 3.70% of the company’s stock.

Barrett Business Services Trading Up 1.4 %

NASDAQ BBSI traded up $0.50 during mid-day trading on Friday, reaching $37.04. 80,065 shares of the company’s stock traded hands, compared to its average volume of 138,580. Barrett Business Services, Inc. has a 1-year low of $21.59 and a 1-year high of $37.81. The company has a fifty day simple moving average of $36.00 and a 200-day simple moving average of $33.61. The company has a market cap of $969.23 million, a price-to-earnings ratio of 20.35, a P/E/G ratio of 1.24 and a beta of 1.38.

Barrett Business Services (NASDAQ:BBSI) last issued its quarterly earnings results on Wednesday, July 31st. The business services provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. The business had revenue of $279.60 million during the quarter, compared to analyst estimates of $273.13 million. Barrett Business Services had a net margin of 4.50% and a return on equity of 25.69%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.62 earnings per share. Equities research analysts forecast that Barrett Business Services, Inc. will post 1.99 earnings per share for the current fiscal year.

Barrett Business Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a dividend of $0.08 per share. This is a boost from Barrett Business Services’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.32 annualized dividend and a dividend yield of 0.86%. Barrett Business Services’s dividend payout ratio (DPR) is presently 17.58%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BBSI shares. Barrington Research upped their price target on Barrett Business Services from $35.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Roth Mkm raised their price target on shares of Barrett Business Services from $40.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, August 1st.

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.