Pacific Ridge Capital Partners LLC reduced its holdings in Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 11.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 282,443 shares of the business services provider's stock after selling 37,134 shares during the quarter. Barrett Business Services comprises 2.8% of Pacific Ridge Capital Partners LLC's investment portfolio, making the stock its largest position. Pacific Ridge Capital Partners LLC owned approximately 1.09% of Barrett Business Services worth $12,269,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. EntryPoint Capital LLC bought a new position in Barrett Business Services in the fourth quarter worth about $374,000. Tieton Capital Management LLC raised its position 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 worth $10,931,000 after acquiring an additional 47,447 shares in the last quarter. Bridge City Capital LLC lifted its stake in shares of Barrett Business Services by 3.5% in the 4th quarter. Bridge City Capital LLC now owns 83,269 shares of the business services provider's stock valued at $3,617,000 after purchasing an additional 2,796 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Barrett Business Services during the fourth quarter valued at approximately $209,000. Finally, Hillsdale Investment Management Inc. grew its stake in Barrett Business Services by 0.5% in the fourth quarter. Hillsdale Investment Management Inc. now owns 164,780 shares of the business services provider's stock worth $7,158,000 after purchasing an additional 800 shares during the period. Institutional investors own 86.76% of the company's stock.
Barrett Business Services Price Performance
Barrett Business Services stock traded up $0.21 during mid-day trading on Monday, reaching $41.42. The stock had a trading volume of 30,335 shares, compared to its average volume of 134,286. Barrett Business Services, Inc. has a one year low of $28.42 and a one year high of $44.97. The company has a 50-day moving average price of $41.57 and a two-hundred day moving average price of $40.73. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 1.21 and a beta of 1.31.
Barrett Business Services Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Friday, March 14th. Barrett Business Services's dividend payout ratio (DPR) is currently 16.08%.
Analysts Set New Price Targets
Several brokerages have commented on BBSI. StockNews.com raised Barrett Business Services from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Barrington Research reissued an "outperform" rating and set a $45.00 price target on shares of Barrett Business Services in a research report on Wednesday, March 12th.
Check Out Our Latest Stock Analysis on Barrett Business Services
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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