Foundry Partners LLC Trims Stake in Barrett Business Services, Inc. (NASDAQ:BBSI)

Foundry Partners LLC cut its position in Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 15.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 152,525 shares of the business services provider's stock after selling 28,470 shares during the period. Foundry Partners LLC owned 0.59% of Barrett Business Services worth $6,626,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BBSI. Quantbot Technologies LP acquired a new position in Barrett Business Services during the third quarter worth $77,000. BNP Paribas Financial Markets raised its holdings in shares of Barrett Business Services by 5.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,310 shares of the business services provider's stock worth $462,000 after acquiring an additional 679 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Barrett Business Services by 81.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,955 shares of the business services provider's stock valued at $223,000 after purchasing an additional 2,675 shares during the last quarter. Verition Fund Management LLC bought a new position in shares of Barrett Business Services in the third quarter valued at approximately $246,000. Finally, Barclays PLC boosted its position in shares of Barrett Business Services by 42.9% during the third quarter. Barclays PLC now owns 61,332 shares of the business services provider's stock valued at $2,300,000 after buying an additional 18,414 shares during the last quarter. 86.76% of the stock is owned by institutional investors.

Barrett Business Services Price Performance

Shares of NASDAQ:BBSI traded down $0.04 during trading on Wednesday, hitting $38.01. 25,020 shares of the company were exchanged, compared to its average volume of 136,255. The stock has a 50 day moving average of $40.95 and a 200 day moving average of $40.87. The company has a market cap of $981.89 million, a PE ratio of 19.98, a P/E/G ratio of 1.21 and a beta of 1.09. Barrett Business Services, Inc. has a 52-week low of $28.42 and a 52-week high of $44.97.

Barrett Business Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.84%. Barrett Business Services's payout ratio is 16.08%.

Wall Street Analysts Forecast Growth

BBSI has been the subject of a number of recent analyst reports. StockNews.com raised shares of Barrett Business Services from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Barrington Research reaffirmed an "outperform" rating and set a $45.00 price target on shares of Barrett Business Services in a research report on Wednesday, March 12th.

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.