11,162 Shares in Barrett Business Services, Inc. (NASDAQ:BBSI) Bought by Intech Investment Management LLC

Intech Investment Management 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 disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,162 shares of the business services provider's stock, valued at approximately $485,000.

Several other hedge funds also recently modified their holdings of BBSI. Truvestments Capital LLC acquired a new stake in Barrett Business Services in the third quarter worth $34,000. Westside Investment Management Inc. acquired a new stake in Barrett Business Services during the 3rd quarter worth $34,000. Quantbot Technologies LP acquired a new stake in Barrett Business Services during the 3rd quarter worth $77,000. Longboard Asset Management LP acquired a new position in Barrett Business Services in the fourth quarter valued at about $217,000. Finally, Continental Investors Services Inc. bought a new stake in shares of Barrett Business Services in the third quarter worth about $216,000. Institutional investors own 86.76% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on BBSI shares. Barrington Research reissued an "outperform" rating and set a $45.00 price objective on shares of Barrett Business Services in a research report on Wednesday, March 12th. StockNews.com raised shares of Barrett Business Services from a "hold" rating to a "buy" rating in a research report on Friday, March 7th.

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Barrett Business Services Stock Down 1.4 %

Shares of NASDAQ BBSI traded down $0.60 during midday trading on Friday, hitting $41.21. 109,280 shares of the company's stock were exchanged, compared to its average volume of 134,649. Barrett Business Services, Inc. has a 12 month low of $28.42 and a 12 month high of $44.97. The firm has a market capitalization of $1.06 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 1.21 and a beta of 1.31. The company's 50 day moving average price is $41.57 and its 200 day moving average price is $40.66.

Barrett Business Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.32 annualized dividend and a yield of 0.78%. Barrett Business Services's dividend payout ratio is currently 16.08%.

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.