Los Angeles Capital Management LLC Lowers Holdings in Barrett Business Services, Inc. (NASDAQ:BBSI)

Los Angeles Capital Management LLC reduced its position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 51.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,550 shares of the business services provider's stock after selling 25,333 shares during the quarter. Los Angeles Capital Management LLC owned about 0.09% of Barrett Business Services worth $1,023,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mawer Investment Management Ltd. grew its position in Barrett Business Services by 236.4% in the 3rd quarter. Mawer Investment Management Ltd. now owns 1,834,452 shares of the business services provider's stock valued at $68,810,000 after purchasing an additional 1,289,147 shares during the period. Geode Capital Management LLC grew its holdings in shares of Barrett Business Services by 4.8% during the third quarter. Geode Capital Management LLC now owns 705,598 shares of the business services provider's stock valued at $26,471,000 after buying an additional 32,632 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Barrett Business Services by 19.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 546,510 shares of the business services provider's stock worth $20,500,000 after acquiring an additional 88,350 shares during the last quarter. Thrivent Financial for Lutherans bought a new position in Barrett Business Services in the 3rd quarter valued at about $16,422,000. Finally, Foundry Partners LLC boosted its stake in Barrett Business Services by 1.0% during the 3rd quarter. Foundry Partners LLC now owns 180,995 shares of the business services provider's stock valued at $6,789,000 after purchasing an additional 1,735 shares during the last quarter. Institutional investors own 86.76% of the company's stock.

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Barrett Business Services Stock Performance

NASDAQ:BBSI traded up $0.23 during trading on Wednesday, reaching $39.23. The company's stock had a trading volume of 143,211 shares, compared to its average volume of 129,404. 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 cap of $1.02 billion, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 1.21 and a beta of 1.41. The firm has a 50 day moving average of $42.45 and a 200-day moving average of $40.13.

Barrett Business Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.82%. The ex-dividend date is Friday, March 14th. Barrett Business Services's dividend payout ratio (DPR) is 16.08%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BBSI. Roth Mkm raised their target price on Barrett Business Services from $43.00 to $45.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Barrington Research reiterated an "outperform" rating and issued a $45.00 target price on shares of Barrett Business Services in a research note on Wednesday, December 11th. Finally, StockNews.com downgraded shares of Barrett Business Services from a "buy" rating to a "hold" rating in a report on Thursday, February 27th.

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.