Thrivent Financial for Lutherans Buys 1,193,839 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

Thrivent Financial for Lutherans raised its position in Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 272.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,631,644 shares of the business services provider's stock after purchasing an additional 1,193,839 shares during the period. Thrivent Financial for Lutherans owned 6.29% of Barrett Business Services worth $70,879,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Inceptionr LLC raised its stake in Barrett Business Services by 3.9% during the fourth quarter. Inceptionr LLC now owns 6,939 shares of the business services provider's stock worth $301,000 after buying an additional 262 shares during the last quarter. Swiss National Bank raised its position in shares of Barrett Business Services by 1.0% in the 4th quarter. Swiss National Bank now owns 51,400 shares of the business services provider's stock worth $2,233,000 after acquiring an additional 500 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Barrett Business Services by 1.0% in the 4th quarter. Victory Capital Management Inc. now owns 51,754 shares of the business services provider's stock valued at $2,248,000 after purchasing an additional 530 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Barrett Business Services by 5.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,310 shares of the business services provider's stock valued at $462,000 after purchasing an additional 679 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in Barrett Business Services by 1.7% during the third quarter. Franklin Resources Inc. now owns 42,790 shares of the business services provider's stock worth $1,590,000 after purchasing an additional 704 shares during the period. 86.76% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Barrington Research reissued an "outperform" rating and issued a $45.00 price target 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 research note on Friday, March 7th.

Barrett Business Services Trading Down 0.4 %

BBSI stock traded down $0.16 during trading on Friday, reaching $40.82. 235,835 shares of the stock were exchanged, compared to its average volume of 129,570. Barrett Business Services, Inc. has a twelve month low of $28.42 and a twelve month high of $44.97. The firm's 50 day moving average is $41.72 and its 200 day moving average is $40.47. The firm has a market cap of $1.05 billion, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 1.21 and a beta of 1.31.

Barrett Business Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Friday, March 14th. Barrett Business Services's dividend payout ratio is currently 16.08%.

About Barrett Business Services

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.