Fmr LLC Sells 181,721 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

FMR LLC decreased its position in Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 10.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,627,824 shares of the business services provider's stock after selling 181,721 shares during the quarter. FMR LLC owned 6.28% of Barrett Business Services worth $61,060,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in BBSI. CWM LLC boosted its position in Barrett Business Services by 12,014.3% during the 2nd quarter. CWM LLC now owns 848 shares of the business services provider's stock valued at $28,000 after purchasing an additional 841 shares during the period. Amalgamated Bank boosted its position in Barrett Business Services by 300.0% during the 2nd quarter. Amalgamated Bank now owns 936 shares of the business services provider's stock valued at $31,000 after purchasing an additional 702 shares during the period. Truvestments Capital LLC acquired a new position in Barrett Business Services during the 3rd quarter valued at approximately $34,000. Huntington National Bank acquired a new position in Barrett Business Services during the 3rd quarter valued at approximately $39,000. Finally, USA Financial Formulas acquired a new position in Barrett Business Services during the 3rd quarter valued at approximately $60,000. Institutional investors and hedge funds own 86.76% of the company's stock.

Barrett Business Services Stock Up 0.0 %

Barrett Business Services stock traded up $0.01 during mid-day trading on Friday, hitting $43.55. 81,761 shares of the company's stock traded hands, compared to its average volume of 157,531. Barrett Business Services, Inc. has a one year low of $27.06 and a one year high of $44.39. The firm has a 50 day moving average price of $39.50 and a 200 day moving average price of $36.18. The company has a market cap of $1.13 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 1.48 and a beta of 1.42.

Barrett Business Services Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently issued reports on BBSI. StockNews.com upgraded Barrett Business Services from a "hold" rating to a "buy" rating in a research report on Tuesday, November 19th. Roth Mkm boosted their price objective on Barrett Business Services from $43.00 to $45.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Finally, Barrington Research boosted their price objective on Barrett Business Services from $41.00 to $45.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th.

Insider Buying and Selling

In other news, Director Joseph Stephen Clabby purchased 1,635 shares of the business's stock in a transaction on Tuesday, November 12th. The stock was purchased at an average price of $43.01 per share, with a total value of $70,321.35. Following the acquisition, the director now directly owns 11,327 shares in the company, valued at approximately $487,174.27. The trade was a 16.87 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Thomas J. Carley sold 4,584 shares of the company's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $41.24, for a total value of $189,044.16. Following the completion of the transaction, the director now directly owns 91,628 shares of the company's stock, valued at approximately $3,778,738.72. This trade represents a 4.76 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

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.