Ironwood Investment Management LLC Has $3.38 Million Position in Barrett Business Services, Inc. (NASDAQ:BBSI)

Ironwood Investment Management LLC decreased its holdings in shares of Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 13.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,743 shares of the business services provider's stock after selling 12,293 shares during the period. Barrett Business Services comprises about 1.7% of Ironwood Investment Management LLC's portfolio, making the stock its 9th largest holding. Ironwood Investment Management LLC owned approximately 0.30% of Barrett Business Services worth $3,377,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new position in shares of Barrett Business Services during the third quarter worth about $34,000. Westside Investment Management Inc. bought a new position in shares of Barrett Business Services during the third quarter worth about $34,000. Huntington National Bank bought a new position in shares of Barrett Business Services during the third quarter worth about $39,000. Quantbot Technologies LP bought a new position in shares of Barrett Business Services during the third quarter worth about $77,000. Finally, Continental Investors Services Inc. bought a new position in shares of Barrett Business Services during the third quarter worth about $216,000. Institutional investors own 86.76% of the company's stock.

Barrett Business Services Trading Up 3.1 %

BBSI traded up $1.24 on Wednesday, reaching $41.10. The company had a trading volume of 169,494 shares, compared to its average volume of 129,654. The company has a fifty day moving average of $41.77 and a 200-day moving average of $40.40. The company has a market capitalization of $1.06 billion, a P/E ratio of 21.69, a PEG ratio of 1.21 and a beta of 1.31. Barrett Business Services, Inc. has a one year low of $28.42 and a one year high of $44.97.

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Barrett Business Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.78%. Barrett Business Services's dividend payout ratio (DPR) is 16.08%.

Analyst Ratings Changes

Several research firms have recently commented on BBSI. Barrington Research restated an "outperform" rating and set a $45.00 price target on shares of Barrett Business Services in a research report on Wednesday, March 12th. StockNews.com upgraded shares of Barrett Business Services from a "hold" rating to a "buy" rating in a research report on Friday, March 7th.

About Barrett Business Services

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.