EntryPoint Capital LLC purchased a new stake in shares of Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,615 shares of the business services provider's stock, valued at approximately $374,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans lifted its position in shares of Barrett Business Services by 272.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,631,644 shares of the business services provider's stock valued at $70,879,000 after buying an additional 1,193,839 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Barrett Business Services by 19.3% during the third quarter. JPMorgan Chase & Co. now owns 546,510 shares of the business services provider's stock worth $20,500,000 after buying an additional 88,350 shares in the last quarter. Tieton Capital Management LLC raised its position in shares of Barrett Business Services by 23.2% in the fourth quarter. Tieton Capital Management LLC now owns 251,628 shares of the business services provider's stock valued at $10,931,000 after buying an additional 47,447 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Barrett Business Services by 4.8% in the third quarter. Geode Capital Management LLC now owns 705,598 shares of the business services provider's stock worth $26,471,000 after buying an additional 32,632 shares in the last quarter. Finally, Chatham Capital Group Inc. acquired a new position in Barrett Business Services during the fourth quarter worth about $1,236,000. Hedge funds and other institutional investors own 86.76% of the company's stock.
Barrett Business Services Trading Down 0.1 %
BBSI stock traded down $0.06 during trading on Monday, reaching $41.15. 148,490 shares of the stock were exchanged, compared to its average volume of 134,750. The business has a 50 day moving average price of $41.51 and a 200-day moving average price of $40.76. Barrett Business Services, Inc. has a 1 year low of $28.42 and a 1 year high of $44.97. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 21.72, a P/E/G ratio of 1.21 and a beta of 1.31.
Barrett Business Services Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Friday, March 14th. Barrett Business Services's dividend payout ratio is presently 16.08%.
Analysts Set New Price Targets
A number of research analysts have weighed in on BBSI shares. Barrington Research reissued an "outperform" rating and issued a $45.00 target price on shares of Barrett Business Services in a research note on Wednesday, March 12th. StockNews.com upgraded Barrett Business Services from a "hold" rating to a "buy" rating in a research report on Friday, March 7th.
Check Out Our Latest Stock Report on Barrett Business Services
About Barrett Business Services
(
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.
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