Alpine Peaks Capital LP Cuts Stock Holdings in Barrett Business Services, Inc. (NASDAQ:BBSI)

Alpine Peaks Capital LP cut its holdings in Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 11.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 126,852 shares of the business services provider's stock after selling 16,500 shares during the period. Barrett Business Services accounts for 4.5% of Alpine Peaks Capital LP's investment portfolio, making the stock its 11th biggest position. Alpine Peaks Capital LP owned approximately 0.49% of Barrett Business Services worth $5,510,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Barclays PLC boosted its holdings in shares of Barrett Business Services by 42.9% in the third quarter. Barclays PLC now owns 61,332 shares of the business services provider's stock worth $2,300,000 after acquiring an additional 18,414 shares during the period. Geode Capital Management LLC grew its holdings in Barrett Business Services by 4.8% during 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 in the last quarter. Westside Investment Management Inc. bought a new stake in shares of Barrett Business Services during the third quarter valued at about $34,000. Tidal Investments LLC purchased a new stake in shares of Barrett Business Services in the third quarter worth about $349,000. Finally, Franklin Resources Inc. grew its stake in Barrett Business Services by 1.7% during the third quarter. Franklin Resources Inc. now owns 42,790 shares of the business services provider's stock valued at $1,590,000 after acquiring an additional 704 shares in the last quarter. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BBSI has been the subject of several analyst reports. Barrington Research reissued an "outperform" rating and issued a $45.00 price target on shares of Barrett Business Services in a report on Wednesday, March 12th. StockNews.com upgraded Barrett Business Services from a "hold" rating to a "buy" rating in a research report on Friday, March 7th.

Barrett Business Services Stock Up 0.2 %

NASDAQ:BBSI traded up $0.09 during midday trading on Friday, hitting $40.53. The company had a trading volume of 93,352 shares, compared to its average volume of 138,962. The company has a market capitalization of $1.04 billion, a PE ratio of 21.39, a P/E/G ratio of 1.21 and a beta of 1.09. Barrett Business Services, Inc. has a 52-week low of $28.42 and a 52-week high of $44.97. The stock's fifty day moving average price is $40.22 and its 200-day moving average price is $41.16.

Barrett Business Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.08 per share. The ex-dividend date was Friday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.79%. Barrett Business Services's dividend payout ratio (DPR) is presently 16.08%.

Barrett Business Services Company Profile

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.