GSA Capital Partners LLP Sells 12,523 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

GSA Capital Partners LLP lessened its position in Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 19.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,643 shares of the business services provider's stock after selling 12,523 shares during the period. GSA Capital Partners LLP owned about 0.20% of Barrett Business Services worth $1,937,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Summit Global Investments boosted its holdings in Barrett Business Services by 1.5% in the third quarter. Summit Global Investments now owns 24,456 shares of the business services provider's stock valued at $917,000 after acquiring an additional 352 shares during the last quarter. Perkins Coie Trust Co increased its holdings in Barrett Business Services by 11.1% in the 3rd quarter. Perkins Coie Trust Co now owns 4,000 shares of the business services provider's stock valued at $150,000 after purchasing an additional 400 shares in the last quarter. BNP Paribas Financial Markets raised its position in Barrett Business Services by 10.3% in the first quarter. BNP Paribas Financial Markets now owns 5,462 shares of the business services provider's stock valued at $692,000 after purchasing an additional 509 shares during the period. Amalgamated Bank lifted its stake in shares of Barrett Business Services by 300.0% during the second quarter. Amalgamated Bank now owns 936 shares of the business services provider's stock worth $31,000 after purchasing an additional 702 shares in the last quarter. Finally, Lakewood Asset Management LLC boosted its position in shares of Barrett Business Services by 8.2% in the third quarter. Lakewood Asset Management LLC now owns 10,562 shares of the business services provider's stock worth $396,000 after buying an additional 798 shares during the period. Institutional investors and hedge funds own 86.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. StockNews.com lowered shares of Barrett Business Services from a "buy" rating to a "hold" rating in a research note on Monday. Barrington Research upped their price objective on shares of Barrett Business Services from $41.00 to $45.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Finally, Roth Mkm lifted their target price on Barrett Business Services from $43.00 to $45.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th.

Barrett Business Services Stock Down 0.5 %

Shares of BBSI traded down $0.23 during mid-day trading on Wednesday, hitting $42.56. The stock had a trading volume of 85,196 shares, compared to its average volume of 135,986. The company has a market cap of $1.10 billion, a PE ratio of 22.64, a PEG ratio of 1.43 and a beta of 1.39. The company's fifty day simple moving average is $37.18 and its two-hundred day simple moving average is $34.76. Barrett Business Services, Inc. has a fifty-two week low of $26.28 and a fifty-two week high of $43.29.

Barrett Business Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, November 22nd. Barrett Business Services's dividend payout ratio (DPR) is currently 16.89%.

Insiders Place Their Bets

In other Barrett Business Services news, CEO Gary Kramer sold 34,288 shares of the firm's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $35.05, for a total transaction of $1,201,794.40. Following the transaction, the chief executive officer now owns 242,543 shares in the company, valued at approximately $8,501,132.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.70% of the company's stock.

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.