Notable Reporting: Today Barrett Business Services, Inc. Stock Reaches 52-Week High

Notable Reporting: Today Barrett Business Services, Inc. Stock Reaches 52 Week High

The stock of Barrett Business Services, Inc. (NASDAQ:BBSI) hit a new 52-week high and has $77.12 target or 46.00% above today’s $52.82 share price. The 5 months bullish chart indicates low risk for the $392.39 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $77.12 price target is reached, the company will be worth $180.50 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 96,224 shares traded hands or 85.56% up from the average. Barrett Business Services, Inc. (NASDAQ:BBSI) has risen 82.00% since April 11, 2016 and is uptrending. It has outperformed by 75.85% the S&P500.

According to Zacks Investment Research, “BARRETT BUSINESS SERVICES INC. provides light industrial, clerical and technical employees to a wide range of businesses through staff leasing, contract staffing, site management and temporary staffing arrangements. The Company provides employees to a diverse set of customers, including among others, forest products and agriculture-based companies, electronics manufacturers, transportation and shipping enterprises, professional firms and general contractors.”

Insitutional Activity: The institutional sentiment decreased to 0.73 in 2016 Q2. Its down 0.63, from 1.36 in 2016Q1. The ratio turned negative, as 17 funds sold all Barrett Business Services, Inc. shares owned while 28 reduced positions. 10 funds bought stakes while 23 increased positions. They now own 4.65 million shares or 4.51% less from 4.87 million shares in 2016Q1.
Tieton Limited Liability Corporation, a Washington-based fund reported 199,634 shares. Creative Planning has 0% invested in the company for 129 shares. Millennium Management Limited Liability Corporation owns 67,880 shares or 0.01% of their US portfolio. Walleye Trading Limited Company reported 900 shares or 0% of all its holdings. Numeric Limited Liability Company last reported 145,907 shares in the company. Nationwide Fund Advsrs last reported 4,697 shares in the company. Jpmorgan Chase & Com last reported 765,666 shares in the company. Menta last reported 0.05% of its portfolio in the stock. Tower Research Capital Ltd Com (Trc) holds 0% or 135 shares in its portfolio. Moreover, Savings Bank Of New York Mellon Corp has 0% invested in Barrett Business Services, Inc. (NASDAQ:BBSI) for 46,981 shares. Credit Suisse Ag has invested 0% of its portfolio in Barrett Business Services, Inc. (NASDAQ:BBSI). Penbrook Management Ltd Liability Company holds 11,370 shares or 0.52% of its portfolio. California State Teachers Retirement Systems, a California-based fund reported 14,800 shares. State Street holds 0% or 128,650 shares in its portfolio. California Pub Employees Retirement Systems has 0.01% invested in the company for 95,500 shares.

More notable recent Barrett Business Services, Inc. (NASDAQ:BBSI) news were published by: Thestreet.com which released: “Commit To Purchase Barrett Business Services At $40, Earn 16.9% Annualized …” on October 24, 2016, also Insurancejournal.com with their article: “Investigation Launched into Workers’ Comp Services Provider BBSI” published on November 10, 2015, Valuewalk.com published: “Barrett Business Services, Inc. (BBSI): A Tick-Tick-Ticking Time Bomb, Says …” on September 17, 2014. More interesting news about Barrett Business Services, Inc. (NASDAQ:BBSI) were released by: Prnewswire.com and their article: “Barrett Business Services, Inc. Investigated For Possible Violations Of The …” published on March 10, 2016 as well as Streetinsider.com‘s news article titled: “Barrett Business Services (BBSI) Names Thomas Carley as Interim CFO After …” with publication date: March 09, 2016.

BBSI Company Profile

Barrett Business Services, Inc. (BBSI), incorporated on July 1, 1965, is a well-known provider of business management solutions for small and mid-sized companies. The Firm has developed a management platform that integrates a knowledge approach from the management consulting industry with tools from the human resource outsourcing industry. BBSI’s core purpose is to advocate for business owners, particularly in the small and mid-sized business segment. The Firm offers two categories of services: Professional Employer Services (PEO) and Staffing. The Firm operates through a network of approximately 60 branch offices throughout California, Oregon, Washington, Arizona, Colorado, Idaho, Nevada, Utah, Delaware, Maryland, North Carolina and Virginia.

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