Sei Investments Co. Acquires 46,958 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

Sei Investments Co. raised its holdings in Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 250.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 65,741 shares of the business services provider's stock after buying an additional 46,958 shares during the quarter. Sei Investments Co. owned 0.25% of Barrett Business Services worth $2,154,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. LSV Asset Management lifted its position in shares of Barrett Business Services by 0.3% during the 1st quarter. LSV Asset Management now owns 30,072 shares of the business services provider's stock valued at $3,811,000 after acquiring an additional 100 shares during the period. Bridge City Capital LLC raised its holdings in shares of Barrett Business Services by 2.4% during the first 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 period. BNP Paribas Financial Markets boosted its position in shares of Barrett Business Services by 10.3% during the 1st quarter. BNP Paribas Financial Markets now owns 5,462 shares of the business services provider's stock worth $692,000 after purchasing an additional 509 shares in the last quarter. Amalgamated Bank grew its stake in shares of Barrett Business Services by 300.0% in the 2nd quarter. Amalgamated Bank now owns 936 shares of the business services provider's stock valued at $31,000 after buying an additional 702 shares during the period. Finally, CWM LLC increased its position in Barrett Business Services by 12,014.3% in the 2nd quarter. CWM LLC now owns 848 shares of the business services provider's stock valued at $28,000 after buying an additional 841 shares in the last quarter. 86.76% of the stock is currently owned by institutional investors.

Barrett Business Services Stock Performance

NASDAQ BBSI traded up $0.47 on Friday, hitting $36.89. 84,122 shares of the stock traded hands, compared to its average volume of 140,433. The firm has a market capitalization of $965.30 million, a price-to-earnings ratio of 20.27, a PEG ratio of 1.23 and a beta of 1.38. The business's fifty day moving average is $35.94 and its two-hundred day moving average is $33.39. Barrett Business Services, Inc. has a 12 month low of $21.59 and a 12 month high of $37.81.

Barrett Business Services (NASDAQ:BBSI - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $279.60 million during the quarter, compared to analyst estimates of $273.13 million. Barrett Business Services had a return on equity of 25.69% and a net margin of 4.50%. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 EPS. Analysts expect that Barrett Business Services, Inc. will post 1.99 EPS for the current fiscal year.

Barrett Business Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a dividend of $0.08 per share. This is a boost from Barrett Business Services's previous quarterly dividend of $0.08. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend was Friday, August 16th. Barrett Business Services's dividend payout ratio is presently 17.58%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BBSI. Roth Mkm upped their target price on Barrett Business Services from $40.00 to $43.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Barrington Research boosted their price target on shares of Barrett Business Services from $35.00 to $41.00 and gave the company an "outperform" rating in a research note on Thursday, August 1st.

Insider Buying and Selling

In other Barrett Business Services news, CEO Gary Kramer sold 34,288 shares of the business's 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 sale, the chief executive officer now owns 242,543 shares of the company's stock, valued at $8,501,132.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders sold 35,133 shares of company stock valued at $1,231,357. Company insiders own 3.70% of the company's stock.

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.