Kennedy Capital Management LLC decreased its position in Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 24.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 286,777 shares of the business services provider's stock after selling 95,281 shares during the quarter. Kennedy Capital Management LLC owned 1.11% of Barrett Business Services worth $12,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of the company. Westside Investment Management Inc. bought a new stake in Barrett Business Services in the third quarter worth $34,000. Prudent Man Investment Management Inc. purchased a new position in shares of Barrett Business Services in the 4th quarter worth $35,000. KLP Kapitalforvaltning AS bought a new stake in shares of Barrett Business Services in the 4th quarter worth about $209,000. Continental Investors Services Inc. purchased a new stake in shares of Barrett Business Services during the 3rd quarter valued at about $216,000. Finally, Longboard Asset Management LP bought a new position in shares of Barrett Business Services in the 4th quarter valued at about $217,000. 86.76% of the stock is owned by hedge funds and other institutional investors.
Barrett Business Services Price Performance
Shares of NASDAQ:BBSI traded down $0.03 during trading hours on Tuesday, hitting $39.97. 34,472 shares of the company's stock traded hands, compared to its average volume of 137,024. The firm has a market capitalization of $1.03 billion, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 1.21 and a beta of 1.09. The business has a fifty day moving average price of $40.59 and a 200-day moving average price of $40.98. Barrett Business Services, Inc. has a 1 year low of $28.42 and a 1 year high of $44.97.
Barrett Business Services Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid 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 yield of 0.80%. Barrett Business Services's payout ratio is 16.08%.
Analyst Ratings Changes
BBSI has been the topic of a number of recent research reports. StockNews.com upgraded Barrett Business Services from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Barrington Research restated an "outperform" rating and set a $45.00 price target on shares of Barrett Business Services in a report on Wednesday, March 12th.
Get Our Latest Analysis on BBSI
Barrett Business Services Profile
(
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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