Aristides Capital LLC Acquires New Position in Barrett Business Services, Inc. (NASDAQ:BBSI)

Aristides Capital LLC acquired a new position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 7,758 shares of the business services provider's stock, valued at approximately $337,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Westside Investment Management Inc. purchased a new position in Barrett Business Services during the 3rd quarter valued at about $34,000. Prudent Man Investment Management Inc. purchased a new position in shares of Barrett Business Services in the fourth quarter valued at approximately $35,000. KLP Kapitalforvaltning AS purchased a new stake in Barrett Business Services during the 4th quarter worth approximately $209,000. Continental Investors Services Inc. acquired a new stake in Barrett Business Services during the 3rd quarter worth approximately $216,000. Finally, Longboard Asset Management LP purchased a new position in Barrett Business Services in the 4th quarter valued at approximately $217,000. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Barrett Business Services Stock Up 1.1 %

NASDAQ:BBSI traded up $0.45 during mid-day trading on Friday, reaching $39.84. 178,763 shares of the stock were exchanged, compared to its average volume of 136,987. Barrett Business Services, Inc. has a 1 year low of $28.42 and a 1 year high of $44.97. The company has a 50 day simple moving average of $40.67 and a 200-day simple moving average of $40.92. The stock has a market capitalization of $1.03 billion, a P/E ratio of 21.02, a P/E/G ratio of 1.21 and a beta of 1.09.

Barrett Business Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.08 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.32 annualized dividend and a yield of 0.80%. Barrett Business Services's dividend payout ratio (DPR) is 16.08%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Barrington Research reiterated an "outperform" rating and issued a $45.00 price objective on shares of Barrett Business Services in a research note on Wednesday, March 12th. StockNews.com upgraded Barrett Business Services from a "hold" rating to a "buy" rating in a research note on Friday, March 7th.

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.