Martingale Asset Management L P decreased its position in Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 27.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,971 shares of the business services provider's stock after selling 14,207 shares during the period. Martingale Asset Management L P owned approximately 0.15% of Barrett Business Services worth $1,649,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Aristides Capital LLC bought a new stake in Barrett Business Services in the 4th quarter valued at $337,000. Wells Fargo & Company MN lifted its holdings in shares of Barrett Business Services by 33.6% in the fourth quarter. Wells Fargo & Company MN now owns 15,942 shares of the business services provider's stock valued at $693,000 after purchasing an additional 4,008 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Barrett Business Services by 17.1% during the fourth quarter. Franklin Resources Inc. now owns 50,091 shares of the business services provider's stock worth $2,176,000 after buying an additional 7,301 shares during the period. Prudent Man Investment Management Inc. bought a new position in shares of Barrett Business Services during the fourth quarter worth about $35,000. Finally, Mawer Investment Management Ltd. grew its holdings in shares of 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 buying an additional 276,098 shares in the last quarter. Institutional investors and hedge funds own 86.76% of the company's stock.
Barrett Business Services Price Performance
BBSI stock traded up $0.24 during trading hours on Wednesday, reaching $40.68. The stock had a trading volume of 161,126 shares, compared to its average volume of 137,903. The stock has a market capitalization of $1.05 billion, a PE ratio of 21.47, a price-to-earnings-growth ratio of 1.21 and a beta of 1.09. The stock has a 50-day simple moving average of $40.54 and a 200 day simple moving average of $40.97. Barrett Business Services, Inc. has a fifty-two week low of $28.42 and a fifty-two week high of $44.97.
Barrett Business Services Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Friday, March 14th. Barrett Business Services's dividend payout ratio (DPR) is presently 16.08%.
Analysts Set New Price Targets
A number of equities analysts have weighed in on BBSI shares. StockNews.com raised Barrett Business Services from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Barrington Research reiterated an "outperform" rating and set a $45.00 target price on shares of Barrett Business Services in a report on Wednesday, March 12th.
Read Our Latest Analysis on Barrett Business Services
Barrett Business Services Company Profile
(
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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