On August 22, 2024, Gary Kramer, President and CEO of Barrett Business Services Inc (NASDAQ:BBSI), completed a sale of 14,036 shares of the company’s stock. The transaction was filed with the SEC on the same day. Following this transaction, the insider now owns 228,507 shares of Barrett Business Services Inc.
Barrett Business Services Inc., commonly referred to as BBSI, is a business management solutions provider that combines human resources outsourcing and professional management consulting to help its clients. This strategic approach helps companies improve their efficiency and profitability.
Over the past year, Gary Kramer has been active in the market with company shares. The insider has sold a total of 49,129 shares and made no purchases. The overall trend in insider transactions for Barrett Business Services Inc. shows a dominance of selling activity, with 7 insider sales and only 1 insider purchase over the past year.
Barrett Business Services Inc. shares were trading at $35.43 on the day of the transaction. The company’s current market capitalization is $934.949 million. Its price-to-earnings ratio is 19.60, which is higher than both the industry median of 17.74 and the company’s historical median.
The stock’s valuation according to GF Value is $25.83, which corresponds to a Price to GF Value ratio of 1.37. This indicates that Barrett Business Services Inc is significantly overvalued at the current price level.
The GF value is calculated by taking into account historical trading multiples, an adjustment factor based on past earnings and growth, and estimates of future business performance provided by Morningstar analysts.
This latest insider sale could give investors insight into Barrett Business Services Inc. executives’ view on the current valuation and future prospects of the stock.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
