6,560 Shares in Barrett Business Services, Inc. (NASDAQ:BBSI) Bought by Verition Fund Management LLC

Verition Fund Management LLC acquired a new position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,560 shares of the business services provider’s stock, valued at approximately $246,000.

A number of other large investors have also recently bought and sold shares of the company. Summit Global Investments boosted its position in shares of Barrett Business Services by 1.5% during the 3rd quarter. Summit Global Investments now owns 24,456 shares of the business services provider’s stock worth $917,000 after acquiring an additional 352 shares in the last quarter. Perkins Coie Trust Co lifted its stake in Barrett Business Services by 11.1% during the third quarter. Perkins Coie Trust Co now owns 4,000 shares of the business services provider’s stock worth $150,000 after purchasing an additional 400 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Barrett Business Services by 5.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,310 shares of the business services provider’s stock valued at $462,000 after purchasing an additional 679 shares in the last quarter. Amalgamated Bank increased its stake in shares of Barrett Business Services by 300.0% in the 2nd quarter. Amalgamated Bank now owns 936 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 702 shares during the last quarter. Finally, Lakewood Asset Management LLC increased its stake in shares of Barrett Business Services by 8.2% in the 3rd quarter. Lakewood Asset Management LLC now owns 10,562 shares of the business services provider’s stock valued at $396,000 after purchasing an additional 798 shares during the last quarter. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Activity at Barrett Business Services

In other news, Director Thomas B. Cusick sold 3,000 shares of the business’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 transaction, the director now owns 27,776 shares in the company, valued at approximately $1,205,756.16. The trade was a 9.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas J. Carley sold 4,584 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.24, for a total transaction of $189,044.16. Following the sale, the director now directly owns 91,628 shares in the company, valued at $3,778,738.72. This trade represents a 4.76 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.

Barrett Business Services Stock Up 0.6 %

Shares of BBSI stock opened at $43.57 on Monday. Barrett Business Services, Inc. has a twelve month low of $27.06 and a twelve month high of $44.39. The stock’s fifty day simple moving average is $40.14 and its 200 day simple moving average is $36.67. The firm has a market capitalization of $1.13 billion, a P/E ratio of 23.05, a P/E/G ratio of 1.46 and a beta of 1.42.

Barrett Business Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Friday, November 22nd. Barrett Business Services’s dividend payout ratio is currently 16.93%.

Barrett Business Services Company 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.