Polaris Capital Management LLC Sells 16,400 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

Polaris Capital Management LLC decreased its holdings in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 21.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,000 shares of the business services provider’s stock after selling 16,400 shares during the period. Polaris Capital Management LLC owned approximately 0.23% of Barrett Business Services worth $2,563,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Truvestments Capital LLC purchased a new stake in shares of Barrett Business Services in the third quarter worth $34,000. Westside Investment Management Inc. purchased a new stake in Barrett Business Services in the third quarter worth about $34,000. Huntington National Bank bought a new stake in Barrett Business Services in the third quarter worth $39,000. Quantbot Technologies LP purchased a new stake in shares of Barrett Business Services during the third quarter valued at $77,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Barrett Business Services in the second quarter worth approximately $122,000. Institutional investors own 86.76% of the company’s stock.

Insider Activity at Barrett Business Services

In other Barrett Business Services news, Director Thomas J. Carley sold 4,584 shares of Barrett Business Services stock in a transaction that occurred on Tuesday, November 19th. The stock was 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 $3,778,738.72. The trade was a 4.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas B. Cusick sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $43.41, for a total value of $130,230.00. Following the completion of the sale, the director now owns 27,776 shares in the company, valued at approximately $1,205,756.16. This represents a 9.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Barrett Business Services Trading Up 1.1 %

Shares of Barrett Business Services stock opened at $42.86 on Tuesday. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 1.31 and a beta of 1.41. Barrett Business Services, Inc. has a 12-month low of $27.06 and a 12-month high of $44.97. The company has a fifty day simple moving average of $43.17 and a 200-day simple moving average of $39.49.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BBSI shares. StockNews.com raised Barrett Business Services from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Barrington Research reiterated an “outperform” rating and set a $45.00 price objective on shares of Barrett Business Services in a report on Wednesday, December 11th. Finally, Roth Mkm lifted their price objective on shares of Barrett Business Services from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, November 7th.

About Barrett Business Services

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.