Grandeur Peak Global Advisors LLC Sells 8,933 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

Grandeur Peak Global Advisors LLC trimmed its holdings in Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 9.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,152 shares of the business services provider's stock after selling 8,933 shares during the period. Grandeur Peak Global Advisors LLC owned 0.32% of Barrett Business Services worth $3,612,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BBSI. Aristides Capital LLC acquired a new position in Barrett Business Services during the fourth quarter worth $337,000. Wells Fargo & Company MN boosted its stake in shares of Barrett Business Services by 33.6% during the 4th quarter. Wells Fargo & Company MN now owns 15,942 shares of the business services provider's stock worth $693,000 after acquiring an additional 4,008 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Barrett Business Services by 17.1% during the 4th quarter. Franklin Resources Inc. now owns 50,091 shares of the business services provider's stock valued at $2,176,000 after acquiring an additional 7,301 shares during the last quarter. Prudent Man Investment Management Inc. bought a new position in shares of Barrett Business Services in the 4th quarter valued at approximately $35,000. Finally, Mawer Investment Management Ltd. lifted its holdings in Barrett Business Services by 15.1% in the 4th quarter. Mawer Investment Management Ltd. now owns 2,110,550 shares of the business services provider's stock worth $91,682,000 after purchasing an additional 276,098 shares during the last quarter. Institutional investors own 86.76% of the company's stock.

Barrett Business Services Price Performance

Shares of Barrett Business Services stock traded up $0.04 during midday trading on Thursday, hitting $40.72. The company had a trading volume of 51,482 shares, compared to its average volume of 137,749. Barrett Business Services, Inc. has a 1-year low of $28.42 and a 1-year high of $44.97. The stock has a market cap of $1.05 billion, a PE ratio of 21.47, a P/E/G ratio of 1.21 and a beta of 1.09. The business's 50 day simple moving average is $40.50 and its two-hundred day simple moving average is $40.97.

Barrett Business Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.08 per share. 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 0.79%. Barrett Business Services's payout ratio is presently 16.08%.

Analysts Set New Price Targets

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

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.