Barrett Business Services, Inc. (NASDAQ:BBSI) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its stake in Barrett Business Services, Inc. (NASDAQ:BBSI) by 31.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,883 shares of the business services provider’s stock after selling 22,041 shares during the period. Los Angeles Capital Management LLC’s holdings in Barrett Business Services were worth $1,834,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in BBSI. Dimensional Fund Advisors LP grew its position 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 last quarter. Renaissance Technologies LLC increased its stake in shares of Barrett Business Services by 299.4% in the second quarter. Renaissance Technologies LLC now owns 798,500 shares of the business services provider’s stock valued at $26,167,000 after purchasing an additional 598,567 shares during the period. Mawer Investment Management Ltd. bought a new stake in shares of Barrett Business Services during the second quarter valued at approximately $17,870,000. American Century Companies Inc. boosted its position in shares of Barrett Business Services by 155.9% during the second quarter. American Century Companies Inc. now owns 535,896 shares of the business services provider’s stock worth $17,561,000 after buying an additional 326,502 shares during the period. Finally, Pacific Ridge Capital Partners LLC grew its holdings 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 worth $12,413,000 after buying an additional 273,516 shares in the last quarter. 86.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BBSI. Roth Mkm boosted their price target on Barrett Business Services from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Barrington Research increased their target price on shares of Barrett Business Services from $41.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, StockNews.com downgraded shares of Barrett Business Services from a “buy” rating to a “hold” rating in a research report on Monday.

Insider Buying and Selling at Barrett Business Services

In other news, CEO Gary Kramer sold 34,288 shares of Barrett Business Services stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $35.05, for a total value of $1,201,794.40. Following the transaction, the chief executive officer now owns 242,543 shares of the company’s stock, valued at $8,501,132.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 3.70% of the stock is owned by corporate insiders.

Barrett Business Services Stock Performance

Shares of BBSI stock opened at $42.56 on Thursday. Barrett Business Services, Inc. has a 1 year low of $26.28 and a 1 year high of $43.29. The business’s fifty day moving average is $37.31 and its 200-day moving average is $34.82. The stock has a market cap of $1.10 billion, a PE ratio of 22.46, a price-to-earnings-growth ratio of 1.43 and a beta of 1.39.

Barrett Business Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Friday, November 22nd. Barrett Business Services’s payout ratio is currently 16.89%.

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.