Mawer Investment Management Ltd. increased its stake in shares of Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 15.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,110,550 shares of the business services provider's stock after acquiring an additional 276,098 shares during the quarter. Mawer Investment Management Ltd. owned about 8.14% of Barrett Business Services worth $91,682,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Barrett Business Services in the 4th quarter valued at about $3,849,000. EntryPoint Capital LLC purchased a new stake in shares of Barrett Business Services in the fourth quarter valued at about $374,000. Tieton Capital Management LLC grew its stake in shares of Barrett Business Services by 23.2% in the 4th quarter. Tieton Capital Management LLC now owns 251,628 shares of the business services provider's stock valued at $10,931,000 after purchasing an additional 47,447 shares during the last quarter. Bridge City Capital LLC boosted its stake in shares of Barrett Business Services by 3.5% in the fourth quarter. Bridge City Capital LLC now owns 83,269 shares of the business services provider's stock valued at $3,617,000 after buying an additional 2,796 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Barrett Business Services during the 4th quarter worth $209,000. Institutional investors and hedge funds own 86.76% of the company's stock.
Analyst Ratings Changes
BBSI has been the topic of a number of research reports. Barrington Research reissued an "outperform" rating and issued a $45.00 price objective on shares of Barrett Business Services in a research note 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.
Check Out Our Latest Analysis on Barrett Business Services
Barrett Business Services Price Performance
NASDAQ:BBSI traded up $0.38 during trading hours on Tuesday, reaching $41.53. 129,796 shares of the company were exchanged, compared to its average volume of 134,794. Barrett Business Services, Inc. has a 52-week low of $28.42 and a 52-week high of $44.97. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 1.21 and a beta of 1.31. The stock has a 50 day simple moving average of $41.46 and a 200 day simple moving average of $40.80.
Barrett Business Services Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.77%. Barrett Business Services's payout ratio is 16.08%.
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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