Wellington Management Group LLP Sells 10,800 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

Wellington Management Group LLP trimmed its stake in shares of Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 815,975 shares of the business services provider's stock after selling 10,800 shares during the period. Wellington Management Group LLP owned about 3.15% of Barrett Business Services worth $35,446,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BBSI. Mawer Investment Management Ltd. boosted its stake in Barrett Business Services by 15.1% in the 4th 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. Norges Bank acquired a new stake in shares of Barrett Business Services in the fourth quarter worth $3,849,000. EntryPoint Capital LLC acquired a new stake in shares of Barrett Business Services in the fourth quarter worth $374,000. Tieton Capital Management LLC grew its holdings in shares of Barrett Business Services by 23.2% during the fourth quarter. Tieton Capital Management LLC now owns 251,628 shares of the business services provider's stock valued at $10,931,000 after buying an additional 47,447 shares in the last quarter. Finally, Bridge City Capital LLC raised its position in Barrett Business Services by 3.5% during the fourth quarter. Bridge City Capital LLC now owns 83,269 shares of the business services provider's stock valued at $3,617,000 after buying an additional 2,796 shares during the period. Institutional investors and hedge funds own 86.76% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. StockNews.com raised Barrett Business Services from a "hold" rating to a "buy" rating in a research note on Friday, March 7th. Barrington Research reaffirmed an "outperform" rating and set a $45.00 price objective on shares of Barrett Business Services in a research report on Wednesday, March 12th.

Barrett Business Services Price Performance

BBSI traded up $0.45 during trading on Friday, reaching $39.84. 178,763 shares of the stock traded hands, compared to its average volume of 136,987. Barrett Business Services, Inc. has a fifty-two week low of $28.42 and a fifty-two week high of $44.97. The stock's 50-day simple moving average is $40.67 and its two-hundred day simple moving average is $40.92. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 1.21 and a beta of 1.09.

Barrett Business Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.08 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.80%. 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.