Renaissance Technologies LLC Decreases Stock Holdings in Barrett Business Services, Inc. (NASDAQ:BBSI)

Renaissance Technologies LLC cut its holdings in Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 756,700 shares of the business services provider's stock after selling 40,000 shares during the period. Renaissance Technologies LLC owned 2.92% of Barrett Business Services worth $32,871,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Inceptionr LLC lifted its position in Barrett Business Services by 3.9% during the fourth quarter. Inceptionr LLC now owns 6,939 shares of the business services provider's stock valued at $301,000 after purchasing an additional 262 shares in the last quarter. Swiss National Bank lifted its position in shares of Barrett Business Services by 1.0% during the 4th quarter. Swiss National Bank now owns 51,400 shares of the business services provider's stock valued at $2,233,000 after buying an additional 500 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Barrett Business Services by 1.0% during the 4th quarter. Victory Capital Management Inc. now owns 51,754 shares of the business services provider's stock valued at $2,248,000 after acquiring an additional 530 shares during the period. BNP Paribas Financial Markets increased its holdings in Barrett Business Services by 5.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,310 shares of the business services provider's stock worth $462,000 after acquiring an additional 679 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in Barrett Business Services by 1.7% during the 3rd quarter. Franklin Resources Inc. now owns 42,790 shares of the business services provider's stock worth $1,590,000 after acquiring an additional 704 shares during the period. Hedge funds and other institutional investors own 86.76% of the company's stock.

Barrett Business Services Trading Up 0.2 %

Shares of NASDAQ:BBSI traded up $0.09 during midday trading on Thursday, reaching $40.77. 40,581 shares of the company were exchanged, compared to its average volume of 125,401. The stock has a market cap of $1.05 billion, a PE ratio of 21.51, a price-to-earnings-growth ratio of 1.21 and a beta of 1.09. The business's fifty day moving average is $40.50 and its two-hundred day moving average is $40.97. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.78%. Barrett Business Services's payout ratio is 16.08%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BBSI shares. Barrington Research restated an "outperform" rating and set a $45.00 price objective on shares of Barrett Business Services in a research report on Wednesday, March 12th. StockNews.com upgraded Barrett Business Services from a "hold" rating to a "buy" rating in a research report on Friday, March 7th.

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.