Barrett Business Services, Inc. (NASDAQ:BBSI) Shares Bought by Quest Partners LLC

Quest Partners LLC grew its stake in Barrett Business Services, Inc. (NASDAQ:BBSI) by 5.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,998 shares of the business services provider’s stock after purchasing an additional 1,012 shares during the period. Quest Partners LLC’s holdings in Barrett Business Services were worth $713,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Pacific Ridge Capital Partners LLC grew its position in Barrett Business Services by 259.8% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 378,786 shares of the business services provider’s stock valued at $12,413,000 after buying an additional 273,516 shares during the last quarter. Ironwood Investment Management LLC lifted its stake in shares of Barrett Business Services by 155.0% in the 2nd quarter. Ironwood Investment Management LLC now owns 87,856 shares of the business services provider’s stock worth $2,879,000 after acquiring an additional 53,405 shares during the period. EP Wealth Advisors LLC purchased a new stake in shares of Barrett Business Services in the second quarter valued at about $758,000. Dimensional Fund Advisors LP increased its stake in shares of Barrett Business Services by 281.9% during the second quarter. Dimensional Fund Advisors LP now owns 867,708 shares of the business services provider’s stock worth $28,435,000 after acquiring an additional 640,508 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its holdings in Barrett Business Services by 155.7% during the second quarter. State of New Jersey Common Pension Fund D now owns 59,324 shares of the business services provider’s stock worth $1,944,000 after purchasing an additional 36,120 shares in the last quarter. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BBSI shares. StockNews.com raised Barrett Business Services from a “hold” rating to a “buy” rating in a report on Tuesday. Roth Mkm lifted their price target on Barrett Business Services from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Barrington Research increased their price objective on Barrett Business Services from $41.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th.

Barrett Business Services Trading Down 0.3 %

BBSI stock opened at $42.23 on Friday. The firm has a 50 day moving average of $37.97 and a 200-day moving average of $35.21. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 1.39 and a beta of 1.39. Barrett Business Services, Inc. has a 12-month low of $26.60 and a 12-month high of $43.29.

Barrett Business Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.08 per share. The ex-dividend date is Friday, November 22nd. This represents a $0.32 dividend on an annualized basis and a yield of 0.76%. Barrett Business Services’s payout ratio is 16.89%.

Insider Buying and Selling at Barrett Business Services

In other Barrett Business Services news, Director Joseph Stephen Clabby acquired 1,635 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was acquired at an average cost of $43.01 per share, with a total value of $70,321.35. Following the purchase, the director now directly owns 11,327 shares in the company, valued at approximately $487,174.27. This trade represents a 16.87 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Thomas J. Carley sold 4,584 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $41.24, for a total value of $189,044.16. Following the completion of the sale, the director now directly owns 91,628 shares in the company, valued at approximately $3,778,738.72. The trade was a 4.76 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

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.