Los Angeles Capital Management LLC Sells 22,041 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

Los Angeles Capital Management LLC lessened its holdings in Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 31.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 0.19% of Barrett Business Services worth $1,834,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of BBSI. CWM LLC boosted its holdings in shares of Barrett Business Services by 12,014.3% in 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 in the last quarter. Amalgamated Bank boosted its holdings in shares of 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 acquiring an additional 702 shares in the last quarter. USA Financial Formulas acquired a new stake in shares of Barrett Business Services during the 3rd quarter valued at $60,000. Nisa Investment Advisors LLC boosted its holdings in shares of Barrett Business Services by 415.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,906 shares of the business services provider's stock valued at $95,000 after acquiring an additional 2,342 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Barrett Business Services by 300.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,280 shares of the business services provider's stock valued at $107,000 after acquiring an additional 2,460 shares in the last quarter. Institutional investors and hedge funds own 86.76% of the company's stock.

Insider Buying and Selling

In related news, CEO Gary Kramer sold 805 shares of the firm's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $35.00, for a total transaction of $28,175.00. Following the completion of the transaction, the chief executive officer now directly owns 276,831 shares of the company's stock, valued at $9,689,085. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.70% of the stock is owned by corporate insiders.

Barrett Business Services Trading Down 1.5 %

NASDAQ:BBSI traded down $0.63 during trading hours on Thursday, hitting $41.93. 2,802 shares of the company were exchanged, compared to its average volume of 135,405. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 22.46, a price-to-earnings-growth ratio of 1.43 and a beta of 1.39. Barrett Business Services, Inc. has a one year low of $26.60 and a one year high of $43.29. The company has a fifty day simple moving average of $37.31 and a 200 day simple moving average of $34.82.

Barrett Business Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.76%. The ex-dividend date is Friday, November 22nd. Barrett Business Services's dividend payout ratio is currently 16.89%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BBSI. Roth Mkm raised their price objective on Barrett Business Services from $43.00 to $45.00 and gave the company a "buy" rating in a report on Thursday, November 7th. StockNews.com downgraded Barrett Business Services from a "buy" rating to a "hold" rating in a report on Monday. Finally, Barrington Research raised their price objective on Barrett Business Services from $41.00 to $45.00 and gave the company an "outperform" rating in a report on Thursday, November 7th.

Barrett Business Services Company 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.