Chatham Capital Group Inc. bought a new stake in Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 28,455 shares of the business services provider's stock, valued at approximately $1,236,000. Chatham Capital Group Inc. owned approximately 0.11% of Barrett Business Services as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently bought and sold shares of BBSI. Mawer Investment Management Ltd. lifted its position in shares of Barrett Business Services by 236.4% in the third quarter. Mawer Investment Management Ltd. now owns 1,834,452 shares of the business services provider's stock worth $68,810,000 after purchasing an additional 1,289,147 shares in the last quarter. Geode Capital Management LLC increased its stake in Barrett Business Services by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 705,598 shares of the business services provider's stock valued at $26,471,000 after buying an additional 32,632 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Barrett Business Services by 19.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 546,510 shares of the business services provider's stock valued at $20,500,000 after buying an additional 88,350 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in Barrett Business Services during the 3rd quarter worth about $16,422,000. Finally, Foundry Partners LLC boosted its stake in shares of Barrett Business Services by 1.0% during the 3rd quarter. Foundry Partners LLC now owns 180,995 shares of the business services provider's stock worth $6,789,000 after buying an additional 1,735 shares during the last quarter. Institutional investors and hedge funds own 86.76% of the company's stock.
Barrett Business Services Stock Performance
Barrett Business Services stock traded up $0.45 during midday trading on Tuesday, reaching $39.56. 154,623 shares of the company's stock were exchanged, compared to its average volume of 129,712. The stock's 50-day simple moving average is $42.12 and its 200 day simple moving average is $40.25. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 20.88, a P/E/G ratio of 1.21 and a beta of 1.31. Barrett Business Services, Inc. has a 52 week low of $28.42 and a 52 week high of $44.97.
Barrett Business Services Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.81%. Barrett Business Services's dividend payout ratio is currently 16.08%.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on BBSI. Barrington Research reaffirmed an "outperform" rating and issued a $45.00 target price on shares of Barrett Business Services in a research report on Wednesday, December 11th. StockNews.com raised Barrett Business Services from a "hold" rating to a "buy" rating in a research report on Friday.
Check Out Our Latest Research Report on Barrett Business Services
About Barrett Business Services
(
Free Report)
Barrett Business Services, Inc provides business management solutions for small and mid-sized companies in the United States. The company develops a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry.
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