Barclays PLC Purchases 18,414 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

Barclays PLC lifted its stake in Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 42.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,332 shares of the business services provider's stock after purchasing an additional 18,414 shares during the period. Barclays PLC owned 0.24% of Barrett Business Services worth $2,300,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Mawer Investment Management Ltd. grew its position in shares of Barrett Business Services by 236.4% during the 3rd quarter. Mawer Investment Management Ltd. now owns 1,834,452 shares of the business services provider's stock worth $68,810,000 after buying an additional 1,289,147 shares during the period. Dimensional Fund Advisors LP boosted its stake in Barrett Business Services by 281.9% in the second quarter. Dimensional Fund Advisors LP now owns 867,708 shares of the business services provider's stock valued at $28,435,000 after acquiring an additional 640,508 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Barrett Business Services by 299.4% during the 2nd quarter. Renaissance Technologies LLC now owns 798,500 shares of the business services provider's stock worth $26,167,000 after acquiring an additional 598,567 shares during the period. American Century Companies Inc. raised its position in shares of Barrett Business Services by 155.9% during the 2nd quarter. American Century Companies Inc. now owns 535,896 shares of the business services provider's stock valued at $17,561,000 after acquiring an additional 326,502 shares during the last quarter. Finally, Thrivent Financial for Lutherans acquired a new position in shares of Barrett Business Services in the 3rd quarter valued at $16,422,000. Institutional investors own 86.76% of the company's stock.

Barrett Business Services Stock Up 1.3 %

Shares of BBSI traded up $0.57 during mid-day trading on Thursday, hitting $43.94. 67,224 shares of the company's stock were exchanged, compared to its average volume of 136,622. Barrett Business Services, Inc. has a 52 week low of $27.06 and a 52 week high of $44.39. The stock's 50-day simple moving average is $41.09 and its 200-day simple moving average is $37.21. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 1.46 and a beta of 1.42.

Barrett Business Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Friday, November 22nd. Barrett Business Services's payout ratio is 16.93%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BBSI. Roth Mkm upped their price target on Barrett Business Services from $43.00 to $45.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Barrington Research reiterated an "outperform" rating and issued a $45.00 target price on shares of Barrett Business Services in a report on Wednesday, December 11th. Finally, StockNews.com raised shares of Barrett Business Services from a "hold" rating to a "buy" rating in a report on Tuesday, November 19th.

Insider Buying and Selling at Barrett Business Services

In other news, Director Thomas J. Carley sold 4,584 shares of the company's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $41.24, for a total transaction of $189,044.16. Following the transaction, the director now owns 91,628 shares in the company, valued at approximately $3,778,738.72. This represents a 4.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas B. Cusick sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $43.41, for a total value of $130,230.00. Following the transaction, the director now directly owns 27,776 shares in the company, valued at $1,205,756.16. The trade was a 9.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.70% of the company's stock.

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.