Inceptionr LLC Purchases 262 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

Inceptionr LLC increased its position in Barrett Business Services, Inc. (NASDAQ:BBSI) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,939 shares of the business services provider’s stock after buying an additional 262 shares during the quarter. Inceptionr LLC’s holdings in Barrett Business Services were worth $301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of BBSI. Mawer Investment Management Ltd. lifted its holdings in shares of Barrett Business Services by 236.4% in the 3rd quarter. Mawer Investment Management Ltd. now owns 1,834,452 shares of the business services provider’s stock worth $68,810,000 after acquiring an additional 1,289,147 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in Barrett Business Services in the third quarter worth $16,422,000. JPMorgan Chase & Co. lifted its stake in Barrett Business Services by 19.3% in the third quarter. JPMorgan Chase & Co. now owns 546,510 shares of the business services provider’s stock worth $20,500,000 after purchasing an additional 88,350 shares during the last quarter. Geode Capital Management LLC boosted its position in Barrett Business Services by 4.8% during the third quarter. Geode Capital Management LLC now owns 705,598 shares of the business services provider’s stock valued at $26,471,000 after buying an additional 32,632 shares during the period. Finally, Barclays PLC grew its stake in shares of Barrett Business Services by 42.9% during the third quarter. Barclays PLC now owns 61,332 shares of the business services provider’s stock valued at $2,300,000 after buying an additional 18,414 shares during 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 research firms have recently weighed in on BBSI. StockNews.com raised Barrett Business Services from a “hold” rating to a “buy” rating in a research note on Friday. Barrington Research reiterated an “outperform” rating and issued a $45.00 price objective on shares of Barrett Business Services in a research report on Wednesday, December 11th.

Barrett Business Services Trading Up 1.1 %

Shares of NASDAQ:BBSI opened at $39.89 on Monday. The company has a 50-day moving average price of $42.21 and a 200-day moving average price of $40.22. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 1.21 and a beta of 1.31. Barrett Business Services, Inc. has a 12 month low of $28.42 and a 12 month high of $44.97.

Barrett Business Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Friday, March 14th. Barrett Business Services’s payout ratio is 16.08%.

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.