Item 5. Market for Registrant’s Common Equity
Item 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STO CKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock (the "Common Stock") trades on the Global Select Market segment of The Nasdaq Stock Market under the symbol "BBSI." At February 9, 2024, there were 25 stockholders of record and approximately 8,144 beneficial owners of the Common Stock.
The following table summarizes information related to stock repurchases during the quarter ended December 31, 2023.
Total
Total Number of
Approximate Dollar Value of
Number of
Average Price
Shares Repurchased
Shares that May Yet
Shares
Paid
as Part of Publicly
Be Repurchased
Month
Repurchased
Per Share
Announced Plan (1)
Under the Plan (1)
(in thousands)
October
-
$
-
-
$
64,083
November
12,850
108.42
12,850
62,690
December
32,950
112.54
32,950
58,982
Total
45,800
45,800
(1) On July 31, 2023, the Board of Directors authorized the repurchase of up to $75.0 million of the Company’s common stock over a two-year period beginning July 31, 2023. The new repurchase program replaces the program approved in February 2022. As of December 31, 2023, the Company had repurchased 161,200 shares at an aggregate purchase price of $16.0 million under the new repurchase program.
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The following graph shows the cumulative total return at the dates indicated for the period from December 31, 2018 until December 31, 2023, for our Common Stock, The Nasdaq Composite Index, and the S&P 1500 Human Resource & Employment Services Index, a published industry index that is considered reflective of the Company’s peers.
The stock performance graph has been prepared assuming that $100 was invested on December 31, 2018 in our Common Stock and the indexes shown, and that dividends are reinvested. The stock price performance reflected in the graph may not be indicative of future price performance.
12/18
12/19
12/20
12/21
12/22
12/23
Barrett Business Services, Inc.
100.00
160.10
123.44
127.02
174.12
218.98
NASDAQ Composite
100.00
136.69
198.10
242.03
163.28
236.17
S&P 1500 Human Resource & Employment Services Index
100.00
122.79
123.83
187.16
139.81
148.84
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.