Russell Investments Group Ltd. Cuts Stake in Barrett Business Services, Inc. (NASDAQ:BBSI)

Russell Investments Group Ltd. lessened its stake in shares of Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 10.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 167,460 shares of the business services provider's stock after selling 19,889 shares during the quarter. Russell Investments Group Ltd. owned about 0.65% of Barrett Business Services worth $7,274,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of BBSI. Wells Fargo & Company MN grew its stake in Barrett Business Services by 33.6% during the fourth quarter. Wells Fargo & Company MN now owns 15,942 shares of the business services provider's stock valued at $693,000 after acquiring an additional 4,008 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Barrett Business Services by 17.1% in the 4th quarter. Franklin Resources Inc. now owns 50,091 shares of the business services provider's stock valued at $2,176,000 after purchasing an additional 7,301 shares during the period. Prudent Man Investment Management Inc. purchased a new position in shares of Barrett Business Services during the 4th quarter valued at $35,000. Mawer Investment Management Ltd. increased its holdings in shares of Barrett Business Services by 15.1% in the fourth quarter. Mawer Investment Management Ltd. now owns 2,110,550 shares of the business services provider's stock worth $91,682,000 after purchasing an additional 276,098 shares during the period. Finally, Norges Bank purchased a new stake in shares of Barrett Business Services in the fourth quarter worth $3,849,000. 86.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on BBSI. 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, March 12th. StockNews.com upgraded shares of Barrett Business Services from a "hold" rating to a "buy" rating in a research report on Friday, March 7th.

Barrett Business Services Stock Performance

BBSI traded up $0.06 during trading on Friday, reaching $40.74. The stock had a trading volume of 207,830 shares, compared to its average volume of 138,399. The business has a 50-day moving average of $40.46 and a 200-day moving average of $40.99. Barrett Business Services, Inc. has a one year low of $28.42 and a one year high of $44.97. The stock has a market cap of $1.05 billion, a PE ratio of 21.50, a PEG ratio of 1.21 and a beta of 1.09.

Barrett Business Services Announces Dividend

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 was Friday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.79%. Barrett Business Services's dividend payout ratio (DPR) is presently 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.