A Director at Barrett Business Services is Exercising Options

By Carrie Williams

Today it was reported that a Director at Barrett Business Services (BBSIResearch Report), Jon Justesen, exercised options to sell 2,000 BBSI shares at $11.08 a share, for a total transaction value of $117.5K. The options were close to expired and Jon Justesen disposed stocks.

In addition to Jon Justesen, 2 other BBSI executives reported Sell trades in the last month. Following Jon Justesen’s last BBSI Sell transaction on January 09, 2019, the stock climbed by 1.0%.

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Based on Barrett Business Services’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $247 million and quarterly net profit of $19.09 million. In comparison, last year the company earned revenue of $245 million and had a net profit of $10.49 million. BBSI’s market cap is $438.4M and the company has a P/E ratio of 14.53. Currently, Barrett Business Services has an average volume of 31.9K.

In the last 30 days, insiders have sold $537.8K worth of BBSI shares and purchased $44.32K worth of BBSI shares. The insider sentiment on Barrett Business Services has been negative according to 30 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Barrett Business Services, Inc. engages in the provision of business management solutions, human resource outsourcing, and management consulting. Its services include payroll processing, employee benefits, workers’ compensation coverage, risk management and workplace safety programs, human resource administration, recruiting, and permanent placement.