Franklin Resources Inc. Buys 7,301 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

Franklin Resources Inc. boosted its stake in shares of Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 17.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,091 shares of the business services provider's stock after acquiring an additional 7,301 shares during the period. Franklin Resources Inc. owned 0.19% of Barrett Business Services worth $2,176,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BBSI. Prudent Man Investment Management Inc. bought a new stake in shares of Barrett Business Services during the 4th quarter worth approximately $35,000. Mawer Investment Management Ltd. lifted its stake in Barrett Business Services by 15.1% during the fourth quarter. Mawer Investment Management Ltd. now owns 2,110,550 shares of the business services provider's stock worth $91,682,000 after purchasing an additional 276,098 shares during the last quarter. Norges Bank acquired a new stake in shares of Barrett Business Services in the 4th quarter valued at $3,849,000. EntryPoint Capital LLC bought a new position in shares of Barrett Business Services in the 4th quarter valued at $374,000. Finally, Tieton Capital Management LLC raised its holdings in shares of Barrett Business Services by 23.2% during the 4th quarter. Tieton Capital Management LLC now owns 251,628 shares of the business services provider's stock worth $10,931,000 after buying an additional 47,447 shares in the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

Barrett Business Services Trading Up 0.1 %

BBSI traded up $0.06 on Friday, reaching $40.74. The stock had a trading volume of 207,830 shares, compared to its average volume of 138,332. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 21.50, a price-to-earnings-growth ratio of 1.21 and a beta of 1.09. Barrett Business Services, Inc. has a fifty-two week low of $28.42 and a fifty-two week high of $44.97. The firm has a 50-day moving average of $40.46 and a 200-day moving average of $40.99.

Barrett Business Services Dividend Announcement

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

Analyst Ratings Changes

Several analysts recently weighed in on BBSI shares. Barrington Research reaffirmed 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 raised shares of Barrett Business Services from a "hold" rating to a "buy" rating in a report 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.