Barrett Business Services, Inc. (NASDAQ:BBSI) is Tieton Capital Management LLC's 6th Largest Position

Tieton Capital Management LLC raised its stake in Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 23.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 251,628 shares of the business services provider's stock after buying an additional 47,447 shares during the quarter. Barrett Business Services makes up approximately 4.4% of Tieton Capital Management LLC's investment portfolio, making the stock its 6th largest position. Tieton Capital Management LLC owned about 0.97% of Barrett Business Services worth $10,931,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Thrivent Financial for Lutherans boosted its position in shares of Barrett Business Services by 272.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,631,644 shares of the business services provider's stock valued at $70,879,000 after acquiring an additional 1,193,839 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Barrett Business Services by 19.3% in the third quarter. JPMorgan Chase & Co. now owns 546,510 shares of the business services provider's stock valued at $20,500,000 after acquiring an additional 88,350 shares during the last quarter. Geode Capital Management LLC grew its position in Barrett Business Services by 4.8% in the third quarter. Geode Capital Management LLC now owns 705,598 shares of the business services provider's stock worth $26,471,000 after acquiring an additional 32,632 shares during the period. Chatham Capital Group Inc. acquired a new stake in shares of Barrett Business Services during the 4th quarter worth about $1,236,000. Finally, Barclays PLC increased its position in shares of Barrett Business Services by 42.9% during the third quarter. Barclays PLC now owns 61,332 shares of the business services provider's stock valued at $2,300,000 after acquiring an additional 18,414 shares during the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

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

Barrett Business Services Price Performance

Shares of BBSI traded down $0.60 during mid-day trading on Friday, reaching $41.21. 109,280 shares of the company's stock were exchanged, compared to its average volume of 134,695. The business's fifty day simple moving average is $41.57 and its 200-day simple moving average is $40.66. Barrett Business Services, Inc. has a 52-week low of $28.42 and a 52-week high of $44.97. The stock has a market capitalization of $1.06 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 1.21 and a beta of 1.31.

Barrett Business Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.08 dividend. The ex-dividend date is 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%.

Barrett Business Services 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.