Barrett Business Services, Inc. (NASDAQ:BBSI) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers grew its holdings in shares of Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 19.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,107 shares of the business services provider's stock after purchasing an additional 7,653 shares during the period. Rhumbline Advisers owned about 0.18% of Barrett Business Services worth $2,003,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in BBSI. Truvestments Capital LLC purchased a new position in Barrett Business Services in the third quarter valued at $34,000. Westside Investment Management Inc. acquired a new stake in Barrett Business Services in the 3rd quarter valued at about $34,000. Huntington National Bank purchased a new position in shares of Barrett Business Services in the 3rd quarter valued at about $39,000. Quantbot Technologies LP acquired a new position in shares of Barrett Business Services during the third quarter worth about $77,000. Finally, Continental Investors Services Inc. acquired a new position in shares of Barrett Business Services during the third quarter worth about $216,000. Institutional investors and hedge funds own 86.76% of the company's stock.

Barrett Business Services Stock Up 1.1 %

BBSI traded up $0.45 on Friday, reaching $39.89. The company's stock had a trading volume of 38,552 shares, compared to its average volume of 128,721. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 21.05, a P/E/G ratio of 1.21 and a beta of 1.41. Barrett Business Services, Inc. has a fifty-two week low of $28.42 and a fifty-two week high of $44.97. The stock has a 50 day moving average of $42.28 and a two-hundred day moving average of $40.11.

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Barrett Business Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Friday, March 14th. Barrett Business Services's payout ratio is 16.08%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. StockNews.com upgraded shares of Barrett Business Services from a "hold" rating to a "buy" rating in a research note on Friday. Roth Mkm boosted their target price on shares of Barrett Business Services from $43.00 to $45.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Finally, Barrington Research restated an "outperform" rating and issued a $45.00 price target on shares of Barrett Business Services in a research note on Wednesday, December 11th.

Barrett Business Services 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.