Barrett Business Services, Inc. (NASDAQ:BBSI) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its holdings in shares of Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 27.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 110,331 shares of the business services provider's stock after purchasing an additional 23,933 shares during the quarter. Assenagon Asset Management S.A. owned 0.42% of Barrett Business Services worth $4,139,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Pacific Ridge Capital Partners LLC lifted its position in Barrett Business Services by 259.8% during the second 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. Ironwood Investment Management LLC lifted its holdings in shares of Barrett Business Services by 155.0% in the 2nd quarter. Ironwood Investment Management LLC now owns 87,856 shares of the business services provider's stock worth $2,879,000 after acquiring an additional 53,405 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in shares of Barrett Business Services in the 2nd quarter worth about $758,000. Dimensional Fund Advisors LP lifted its holdings in shares of Barrett Business Services by 281.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 867,708 shares of the business services provider's stock worth $28,435,000 after acquiring an additional 640,508 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its holdings in shares of Barrett Business Services by 155.7% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 59,324 shares of the business services provider's stock worth $1,944,000 after acquiring an additional 36,120 shares during the last quarter. Institutional investors own 86.76% of the company's stock.

Wall Street Analysts Forecast Growth

BBSI has been the topic of several recent analyst reports. Barrington Research reaffirmed an "outperform" rating and issued a $41.00 price target on shares of Barrett Business Services in a research note on Tuesday. Roth Mkm increased their price target on shares of Barrett Business Services from $40.00 to $43.00 and gave the company a "buy" rating in a research report on Thursday, August 1st.

Barrett Business Services Price Performance

NASDAQ BBSI traded down $0.24 during mid-day trading on Wednesday, hitting $36.97. The stock had a trading volume of 43,689 shares, compared to its average volume of 135,028. Barrett Business Services, Inc. has a twelve month low of $21.95 and a twelve month high of $38.07. The stock has a market capitalization of $967.39 million, a price-to-earnings ratio of 20.43, a PEG ratio of 1.24 and a beta of 1.38. The firm's 50 day moving average is $36.52 and its 200 day moving average is $34.15.

Barrett Business Services (NASDAQ:BBSI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The business services provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.04. The business had revenue of $279.60 million during 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 business's revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 EPS. As a group, equities research analysts expect that Barrett Business Services, Inc. will post 1.99 earnings per share for the current year.

Insider Transactions at Barrett Business Services

In other news, CEO Gary Kramer sold 34,288 shares of the stock in a transaction dated 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 owns 242,543 shares in the company, valued at approximately $8,501,132.15. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In 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.

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.