Barrett Business Services, Inc. (NASDAQ:BBSI) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC grew its holdings in shares of Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 244.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 246,624 shares of the business services provider's stock after buying an additional 174,937 shares during the period. AQR Capital Management LLC owned 0.94% of Barrett Business Services worth $8,082,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wellington Management Group LLP lifted its stake in shares of Barrett Business Services by 10.8% in the 4th quarter. Wellington Management Group LLP now owns 193,903 shares of the business services provider's stock worth $22,454,000 after purchasing an additional 18,897 shares during the period. Willner & Heller LLC purchased a new stake in shares of Barrett Business Services during the 4th quarter worth approximately $1,121,000. Quadrature Capital Ltd bought a new position in Barrett Business Services during the fourth quarter valued at $693,000. Private Capital Management LLC grew its position in Barrett Business Services by 0.5% in the fourth quarter. Private Capital Management LLC now owns 346,058 shares of the business services provider's stock worth $40,074,000 after acquiring an additional 1,575 shares in the last quarter. Finally, Bridge City Capital LLC increased its position in shares of Barrett Business Services by 2.4% during the 1st quarter. Bridge City Capital LLC now owns 14,287 shares of the business services provider's stock valued at $1,810,000 after purchasing an additional 332 shares during the last quarter. Hedge funds and other institutional investors own 86.76% of the company's stock.

Barrett Business Services Price Performance

Shares of BBSI traded up $0.47 during mid-day trading on Friday, reaching $36.89. The stock had a trading volume of 82,589 shares, compared to its average volume of 140,425. Barrett Business Services, Inc. has a 52-week low of $21.59 and a 52-week high of $37.81. The firm has a market cap of $965.30 million, a price-to-earnings ratio of 20.20, a P/E/G ratio of 1.23 and a beta of 1.38. The business's fifty day moving average is $35.92 and its 200 day moving average is $33.35.

Barrett Business Services (NASDAQ:BBSI - Get Free Report) last announced its earnings results on Wednesday, July 31st. The business services provider reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.04. The firm had revenue of $279.60 million for the quarter, compared to the consensus estimate of $273.13 million. Barrett Business Services had a net margin of 4.50% and a return on equity of 25.69%. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 EPS. As a group, sell-side analysts anticipate that Barrett Business Services, Inc. will post 1.99 EPS for the current fiscal year.

Barrett Business Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a $0.08 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.32 dividend on an annualized basis and a yield of 0.87%. This is a positive change from Barrett Business Services's previous quarterly dividend of $0.08. Barrett Business Services's dividend payout ratio (DPR) is currently 17.58%.

Insider Transactions at Barrett Business Services

In other news, CEO Gary Kramer sold 34,288 shares of Barrett Business Services stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $35.05, for a total transaction of $1,201,794.40. Following the completion of the sale, the chief executive officer now directly owns 242,543 shares of the company's stock, valued at approximately $8,501,132.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders sold 35,133 shares of company stock valued at $1,231,357. 3.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Barrington Research raised their price objective on Barrett Business Services from $35.00 to $41.00 and gave the stock an "outperform" rating in a report on Thursday, August 1st. Roth Mkm raised their target price on shares of Barrett Business Services from $40.00 to $43.00 and gave the company a "buy" rating in a research note on Thursday, August 1st.

Barrett Business Services Company 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.