Ironwood Investment Management LLC Has $3.38 Million Stock Holdings in Barrett Business Services, Inc. (NASDAQ:BBSI)

Ironwood Investment Management LLC lessened its holdings in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 13.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,743 shares of the business services provider’s stock after selling 12,293 shares during the period. Barrett Business Services makes up 1.7% of Ironwood Investment Management LLC’s portfolio, making the stock its 9th biggest position. Ironwood Investment Management LLC owned approximately 0.30% of Barrett Business Services worth $3,377,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC raised its stake in shares of Barrett Business Services by 42.9% in the 3rd quarter. Barclays PLC now owns 61,332 shares of the business services provider’s stock valued at $2,300,000 after purchasing an additional 18,414 shares during the period. JPMorgan Chase & Co. raised its position in Barrett Business Services by 19.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 546,510 shares of the business services provider’s stock valued at $20,500,000 after buying an additional 88,350 shares during the last quarter. Mawer Investment Management Ltd. lifted its stake in 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 valued at $68,810,000 after acquiring an additional 1,289,147 shares in the last quarter. Geode Capital Management LLC boosted its position in Barrett Business Services by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 705,598 shares of the business services provider’s stock worth $26,471,000 after acquiring an additional 32,632 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Barrett Business Services by 29.7% during the 3rd quarter. Principal Financial Group Inc. now owns 17,300 shares of the business services provider’s stock worth $649,000 after acquiring an additional 3,960 shares in the last quarter. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BBSI shares. Barrington Research reissued an “outperform” rating and issued a $45.00 price objective on shares of Barrett Business Services in a research report on Wednesday. StockNews.com raised shares of Barrett Business Services from a “hold” rating to a “buy” rating in a research report on Friday, March 7th.

Barrett Business Services Stock Up 0.6 %

Shares of Barrett Business Services stock opened at $39.83 on Friday. The stock has a market cap of $1.03 billion, a P/E ratio of 21.02, a P/E/G 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. The business’s 50 day moving average is $41.90 and its 200-day moving average is $40.27.

Barrett Business Services Dividend Announcement

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

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.