Barrett Business Services, Inc. (NASDAQ:BBSI – Get Free Report) 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.
View Our Latest Research Report on BBSI
Institutional Trading of Barrett Business Services
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 – Get Free Report) 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.
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