Los Angeles Capital Management LLC decreased its stake in shares of Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 31.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,883 shares of the business services provider's stock after selling 22,041 shares during the quarter. Los Angeles Capital Management LLC owned about 0.19% of Barrett Business Services worth $1,834,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the stock. CWM LLC lifted its holdings in shares of Barrett Business Services by 12,014.3% during the second quarter. CWM LLC now owns 848 shares of the business services provider's stock valued at $28,000 after purchasing an additional 841 shares in the last quarter. Amalgamated Bank grew its stake in shares of Barrett Business Services by 300.0% in the second quarter. Amalgamated Bank now owns 936 shares of the business services provider's stock worth $31,000 after acquiring an additional 702 shares during the period. USA Financial Formulas bought a new position in Barrett Business Services during the third quarter valued at approximately $60,000. Virtu Financial LLC purchased a new stake in Barrett Business Services in the first quarter worth approximately $227,000. Finally, Aristides Capital LLC bought a new stake in Barrett Business Services in the 1st quarter worth approximately $277,000. 86.76% of the stock is owned by institutional investors.
Barrett Business Services Price Performance
Shares of NASDAQ:BBSI traded down $0.66 during mid-day trading on Thursday, reaching $41.90. 264,530 shares of the company traded hands, compared to its average volume of 136,589. Barrett Business Services, Inc. has a 52 week low of $26.60 and a 52 week high of $43.29. The firm has a market cap of $1.09 billion, a PE ratio of 22.11, a PEG ratio of 1.43 and a beta of 1.39. The company's 50 day moving average price is $37.45 and its 200-day moving average price is $34.87.
Barrett Business Services Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Friday, November 22nd. Barrett Business Services's dividend payout ratio (DPR) is 16.89%.
Insider Buying and Selling
In other Barrett Business Services news, CEO Gary Kramer sold 805 shares of the company's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $35.00, for a total value of $28,175.00. Following the completion of the transaction, the chief executive officer now directly owns 276,831 shares in the company, valued at $9,689,085. This represents a 0.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.70% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. Barrington Research increased their price objective on shares of Barrett Business Services from $41.00 to $45.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Roth Mkm increased their price target on shares of Barrett Business Services from $43.00 to $45.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Finally, StockNews.com downgraded shares of Barrett Business Services from a "buy" rating to a "hold" rating in a research report on Monday.
Get Our Latest Stock Analysis on BBSI
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.
See Also
Before you consider Barrett Business Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Barrett Business Services wasn't on the list.
While Barrett Business Services currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
