Royce & Associates LP lessened its stake in Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 812,459 shares of the business services provider's stock after selling 54,818 shares during the period. Royce & Associates LP owned about 3.13% of Barrett Business Services worth $35,293,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Truvestments Capital LLC acquired a new position in shares of Barrett Business Services in the 3rd quarter valued at $34,000. Westside Investment Management Inc. purchased a new position in Barrett Business Services in the third quarter valued at $34,000. Huntington National Bank acquired a new position in shares of Barrett Business Services in the third quarter worth about $39,000. Quantbot Technologies LP purchased a new stake in shares of Barrett Business Services during the 3rd quarter worth about $77,000. Finally, Continental Investors Services Inc. acquired a new stake in shares of Barrett Business Services during the 3rd quarter valued at about $216,000. Institutional investors and hedge funds own 86.76% of the company's stock.
Wall Street Analyst Weigh In
BBSI has been the subject of a number of analyst reports. Barrington Research reaffirmed an "outperform" rating and issued a $45.00 price target on shares of Barrett Business Services in a 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.
Check Out Our Latest Stock Analysis on BBSI
Barrett Business Services Stock Down 0.3 %
Shares of Barrett Business Services stock traded down $0.12 during mid-day trading on Thursday, reaching $40.98. 120,786 shares of the stock traded hands, compared to its average volume of 129,471. The stock has a market capitalization of $1.06 billion, a PE ratio of 21.63, a PEG ratio of 1.21 and a beta of 1.31. The business has a 50-day moving average of $41.75 and a 200 day moving average of $40.41. Barrett Business Services, Inc. has a fifty-two week low of $28.42 and a fifty-two week high of $44.97.
Barrett Business Services Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, March 14th. This represents a $0.32 annualized dividend and a yield of 0.78%. Barrett Business Services's dividend payout ratio (DPR) is presently 16.08%.
About Barrett Business Services
(
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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