Barrett Business Services, Inc. (NASDAQ:BBSI) Shares Acquired by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. grew its holdings in shares of Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 236.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,834,452 shares of the business services provider's stock after purchasing an additional 1,289,147 shares during the quarter. Mawer Investment Management Ltd. owned approximately 7.02% of Barrett Business Services worth $68,810,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Barrett Business Services by 281.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 867,708 shares of the business services provider's stock worth $28,435,000 after purchasing an additional 640,508 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Barrett Business Services by 299.4% in the 2nd quarter. Renaissance Technologies LLC now owns 798,500 shares of the business services provider's stock valued at $26,167,000 after acquiring an additional 598,567 shares during the period. Thrivent Financial for Lutherans acquired a new position in shares of Barrett Business Services in the 3rd quarter worth approximately $16,422,000. American Century Companies Inc. boosted its position in shares of Barrett Business Services by 155.9% during the 2nd quarter. American Century Companies Inc. now owns 535,896 shares of the business services provider's stock worth $17,561,000 after purchasing an additional 326,502 shares during the period. Finally, Pacific Ridge Capital Partners LLC increased its holdings in Barrett Business Services by 259.8% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 378,786 shares of the business services provider's stock valued at $12,413,000 after purchasing an additional 273,516 shares during the last quarter. Hedge funds and other institutional investors own 86.76% of the company's stock.

Insider Transactions at Barrett Business Services

In other news, CEO Gary Kramer sold 34,288 shares of the firm's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $35.05, for a total value of $1,201,794.40. Following the transaction, the chief executive officer now owns 242,543 shares of the company's stock, valued at approximately $8,501,132.15. This trade represents a 12.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.70% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on BBSI shares. Barrington Research boosted their price target on shares of Barrett Business Services from $41.00 to $45.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. StockNews.com downgraded shares of Barrett Business Services from a "buy" rating to a "hold" rating in a research note on Monday, November 11th. Finally, Roth Mkm increased their target price on shares of Barrett Business Services from $43.00 to $45.00 and gave the stock a "buy" rating in a report on Thursday, November 7th.

Barrett Business Services Stock Performance

NASDAQ:BBSI traded down $0.09 during mid-day trading on Monday, hitting $41.43. 149,069 shares of the company's stock traded hands, compared to its average volume of 137,048. The company has a market cap of $1.07 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 1.39 and a beta of 1.39. The firm's 50 day simple moving average is $37.59 and its 200 day simple moving average is $35.00. Barrett Business Services, Inc. has a 1 year low of $26.60 and a 1 year high of $43.29.

Barrett Business Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Friday, November 22nd. Barrett Business Services's dividend payout ratio is currently 16.89%.

Barrett Business Services Profile

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.