Barrett Business Services, Inc. (NASDAQ:BBSI) is Private Capital Management LLC's 5th Largest Position

Private Capital Management LLC reduced its holdings in shares of Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 6.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,172,899 shares of the business services provider's stock after selling 87,533 shares during the quarter. Barrett Business Services comprises 8.8% of Private Capital Management LLC's investment portfolio, making the stock its 5th biggest position. Private Capital Management LLC owned about 4.52% of Barrett Business Services worth $43,995,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of BBSI. Principal Financial Group Inc. boosted its position in shares of Barrett Business Services by 29.7% in the third quarter. Principal Financial Group Inc. now owns 17,300 shares of the business services provider's stock valued at $649,000 after acquiring an additional 3,960 shares during the period. Summit Global Investments boosted its holdings in Barrett Business Services by 1.5% in the 3rd quarter. Summit Global Investments now owns 24,456 shares of the business services provider's stock valued at $917,000 after purchasing an additional 352 shares during the period. Huntington National Bank purchased a new position in shares of Barrett Business Services during the 3rd quarter valued at $39,000. Thrivent Financial for Lutherans bought a new position in shares of Barrett Business Services in the third quarter worth $16,422,000. Finally, Quest Partners LLC increased its holdings in shares of Barrett Business Services by 5.6% in the third quarter. Quest Partners LLC now owns 18,998 shares of the business services provider's stock worth $713,000 after purchasing an additional 1,012 shares during the period. 86.76% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Barrington Research restated an "outperform" rating and set a $45.00 target price on shares of Barrett Business Services in a research report on Wednesday, December 11th. Roth Mkm boosted their price objective on Barrett Business Services from $43.00 to $45.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Finally, StockNews.com downgraded shares of Barrett Business Services from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th.

Barrett Business Services Stock Performance

NASDAQ:BBSI traded down $1.18 during mid-day trading on Tuesday, reaching $39.00. The stock had a trading volume of 141,989 shares, compared to its average volume of 103,261. The stock has a market capitalization of $1.01 billion, a P/E ratio of 20.58, a P/E/G ratio of 1.21 and a beta of 1.41. The firm has a 50 day moving average price of $42.54 and a two-hundred day moving average price of $40.09. Barrett Business Services, Inc. has a one year low of $28.42 and a one year high of $44.97.

Barrett Business Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.82%. The ex-dividend date is Friday, March 14th. Barrett Business Services's dividend payout ratio (DPR) is currently 16.08%.

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.