Barrett Business Services (NASDAQ:BBSI – Get Free Report) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.
Several other brokerages have also recently issued reports on BBSI. Barrington Research lifted their target price on Barrett Business Services from $41.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday. Roth Mkm lifted their target price on Barrett Business Services from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday.
View Our Latest Analysis on BBSI
Barrett Business Services Price Performance
Insiders Place Their Bets
In other Barrett Business Services news, CEO Gary Kramer sold 805 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $35.00, for a total transaction of $28,175.00. Following the sale, the chief executive officer now directly owns 276,831 shares of the company’s stock, valued at $9,689,085. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.70% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of BBSI. CWM LLC boosted its holdings 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 valued at $28,000 after purchasing an additional 841 shares during the period. Amalgamated Bank boosted its holdings in shares of Barrett Business Services by 300.0% in the second quarter. Amalgamated Bank now owns 936 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 702 shares during the period. Huntington National Bank purchased a new stake in shares of Barrett Business Services in the third quarter valued at approximately $39,000. USA Financial Formulas purchased a new stake in shares of Barrett Business Services in the third quarter valued at approximately $60,000. Finally, Virtu Financial LLC purchased a new stake in shares of Barrett Business Services in the first quarter valued at approximately $227,000. Hedge funds and other institutional investors own 86.76% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Barrett Business Services
- What Are Dividends? Buy the Best Dividend Stocks
- 2 Chip Stocks Benefitting from OpenAI’s Chip Strategy Expansion
- What is a Secondary Public Offering? What Investors Need to Know
- Monday.com’s Manic Price Pullback Is a Signal to Buy
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- 3 “Made in America” Stocks to Benefit From the Trump Presidency
Receive News & Ratings for Barrett Business Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrett Business Services and related companies with MarketBeat.com's FREE daily email newsletter.