Barrett Business Services (BBSI) Announces Four-for-One Stock Split

Barrett Business Services, Inc. (BBSI) has just announced a four-for-one stock split, which is set to improve the overall trading efficiency of the company's stock and make stock ownership more accessible to a broader range of investors. As of May 31, 2024, BBSI had 6,507,409 shares of common stock outstanding. Following the stock split, the company will have approximately 26.0 million shares of common stock outstanding.

This stock split will also impact the upcoming earnings per share for the second quarter of 2024, which will be reported on a split-adjusted basis. BBSI, a leading provider of business management solutions, combines human resource outsourcing and professional management consulting to create a unique operational platform. The company's integrated platform is built upon expertise in payroll processing, employee benefits, workers' compensation coverage, risk management and workplace safety programs, and human resource administration. BBSI works with more than 7,500 clients across all lines of business and is licensed to operate in all 50 states. Following these announcements, the company's shares moved -2.0%, and are now trading at a price of $130.32. If you want to know more, read the company's complete 8-K report here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

IN FOCUS