Janney Montgomery Scott LLC Makes New Investment in Barrett Business Services, Inc. (NASDAQ:BBSI)

Janney Montgomery Scott LLC bought a new position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,075 shares of the business services provider’s stock, valued at approximately $481,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in BBSI. Truvestments Capital LLC acquired a new position in shares of Barrett Business Services during the 3rd quarter worth approximately $34,000. Westside Investment Management Inc. acquired a new position in shares of Barrett Business Services during the 3rd quarter worth approximately $34,000. Huntington National Bank acquired a new position in shares of Barrett Business Services during the 3rd quarter worth approximately $39,000. Quantbot Technologies LP acquired a new position in shares of Barrett Business Services during the 3rd quarter worth approximately $77,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Barrett Business Services during the 2nd quarter worth approximately $122,000. Institutional investors and hedge funds own 86.76% of the company’s stock.

Barrett Business Services Price Performance

Shares of NASDAQ:BBSI opened at $42.38 on Monday. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 1.31 and a beta of 1.41. The firm has a 50 day simple moving average of $43.18 and a 200 day simple moving average of $39.43. Barrett Business Services, Inc. has a one year low of $27.06 and a one year high of $44.97.

Insider Activity at Barrett Business Services

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

Analyst Ratings Changes

A number of analysts have recently weighed in on BBSI shares. Roth Mkm upped their price target on shares of Barrett Business Services from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. StockNews.com raised shares of Barrett Business Services from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $45.00 price target on shares of Barrett Business Services in a report on Wednesday, December 11th.

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.