LSV Asset Management Sells 29,200 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

LSV Asset Management trimmed its stake in Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 51.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,648 shares of the business services provider's stock after selling 29,200 shares during the quarter. LSV Asset Management owned approximately 0.11% of Barrett Business Services worth $1,201,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Verition Fund Management LLC bought a new stake in shares of Barrett Business Services in the 3rd quarter worth approximately $246,000. Barclays PLC raised its stake in shares of Barrett Business Services by 42.9% in the third quarter. Barclays PLC now owns 61,332 shares of the business services provider's stock valued at $2,300,000 after buying an additional 18,414 shares during the period. Geode Capital Management LLC lifted its position in shares of Barrett Business Services by 4.8% during the 3rd 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. Westside Investment Management Inc. bought a new position in shares of Barrett Business Services during the 3rd quarter worth $34,000. Finally, Tidal Investments LLC purchased a new stake in Barrett Business Services in the 3rd quarter worth about $349,000. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on BBSI. StockNews.com raised shares of Barrett Business Services from a "hold" rating to a "buy" rating in a 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 research note on Wednesday, March 12th.

Barrett Business Services Stock Up 0.1 %

BBSI traded up $0.06 during trading on Friday, reaching $40.74. 207,830 shares of the company were exchanged, compared to its average volume of 138,550. Barrett Business Services, Inc. has a 12-month low of $28.42 and a 12-month high of $44.97. The company's 50-day moving average is $40.42 and its two-hundred day moving average is $41.08. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 21.50, a P/E/G ratio of 1.21 and a beta of 1.09.

Barrett Business Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Friday, March 14th. Barrett Business Services's payout ratio is 16.08%.

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.