Barrett Business Services, Inc. (NASDAQ:BBSI) Shares Sold by Royce & Associates LP

Royce & Associates LP reduced its holdings in shares of Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 6.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 867,277 shares of the business services provider's stock after selling 64,516 shares during the quarter. Royce & Associates LP owned approximately 3.32% of Barrett Business Services worth $32,532,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CWM LLC raised its stake 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 purchasing an additional 841 shares during the last quarter. Amalgamated Bank raised its position in shares of Barrett Business Services by 300.0% in the second 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 last quarter. Huntington National Bank purchased a new position in shares of Barrett Business Services during the third quarter valued at approximately $39,000. USA Financial Formulas acquired a new stake in Barrett Business Services during the third quarter worth approximately $60,000. Finally, Virtu Financial LLC acquired a new position in Barrett Business Services in the 1st quarter valued at $227,000. Institutional investors and hedge funds own 86.76% of the company's stock.

Insiders Place Their Bets

In related news, CEO Gary Kramer sold 34,288 shares of the business's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $35.05, for a total value of $1,201,794.40. Following the completion of the sale, the chief executive officer now directly owns 242,543 shares of the company's stock, valued at $8,501,132.15. The trade was a 12.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Barrington Research lifted their price target on Barrett Business Services from $41.00 to $45.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Roth Mkm boosted their target price on shares of Barrett Business Services from $43.00 to $45.00 and gave the company 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 Monday.

Barrett Business Services Stock Down 0.9 %

Shares of NASDAQ BBSI traded down $0.38 during trading on Friday, reaching $41.52. 174,835 shares of the stock were exchanged, compared to its average volume of 136,994. The business's 50-day moving average price is $37.45 and its 200 day moving average price is $34.87. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 22.11, a price-to-earnings-growth ratio of 1.42 and a beta of 1.39. Barrett Business Services, Inc. has a twelve month low of $26.60 and a twelve month high of $43.29.

Barrett Business Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.32 annualized dividend and a yield of 0.77%. Barrett Business Services's dividend payout ratio is presently 16.89%.

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.