BNP Paribas Financial Markets Buys 679 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

BNP Paribas Financial Markets boosted its position in Barrett Business Services, Inc. (NASDAQ:BBSI) by 5.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,310 shares of the business services provider’s stock after acquiring an additional 679 shares during the quarter. BNP Paribas Financial Markets’ holdings in Barrett Business Services were worth $462,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. CWM LLC increased its position in shares of Barrett Business Services by 12,014.3% during the 2nd quarter. CWM LLC now owns 848 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 841 shares during the last quarter. Amalgamated Bank boosted its stake in Barrett Business Services by 300.0% in the second quarter. Amalgamated Bank now owns 936 shares of the business services provider’s stock worth $31,000 after buying an additional 702 shares in the last quarter. Truvestments Capital LLC bought a new position in Barrett Business Services during the third quarter valued at approximately $34,000. Huntington National Bank purchased a new position in shares of Barrett Business Services during the third quarter worth approximately $39,000. Finally, USA Financial Formulas bought a new stake in shares of Barrett Business Services in the 3rd quarter worth approximately $60,000. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Barrett Business Services Price Performance

NASDAQ BBSI opened at $43.57 on Friday. Barrett Business Services, Inc. has a 1 year low of $27.06 and a 1 year high of $44.39. The stock has a market capitalization of $1.13 billion, a PE ratio of 22.99, a PEG ratio of 1.46 and a beta of 1.42. The business’s 50-day moving average is $40.14 and its 200 day moving average is $36.60.

Barrett Business Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were paid a dividend of $0.08 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.32 annualized dividend and a dividend yield of 0.73%. Barrett Business Services’s dividend payout ratio (DPR) is presently 16.89%.

Analysts Set New Price Targets

BBSI has been the topic of a number of analyst reports. StockNews.com upgraded shares of Barrett Business Services from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. Barrington Research reaffirmed an “outperform” rating and set a $45.00 price objective on shares of Barrett Business Services in a research note on Wednesday. Finally, Roth Mkm boosted their target price 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.

Insider Activity at Barrett Business Services

In other news, Director Thomas B. Cusick sold 3,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $43.41, for a total value of $130,230.00. Following the completion of the transaction, the director now owns 27,776 shares of the company’s stock, valued at approximately $1,205,756.16. This represents a 9.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas J. Carley sold 4,584 shares of Barrett Business Services 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 sale, the director now owns 91,628 shares in the company, valued at $3,778,738.72. This represents a 4.76 % decrease in their ownership of the stock. 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.