Barclays PLC Buys 18,414 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

Barclays PLC raised its position in Barrett Business Services, Inc. (NASDAQ:BBSI) by 42.9% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 61,332 shares of the business services provider’s stock after buying an additional 18,414 shares during the period. Barclays PLC owned about 0.24% of Barrett Business Services worth $2,300,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on BBSI shares. Roth Mkm increased their price objective 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. StockNews.com upgraded Barrett Business Services from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. Finally, Barrington Research reiterated an “outperform” rating and issued a $45.00 price objective on shares of Barrett Business Services in a report on Wednesday, December 11th.

Insider Buying and Selling

In other news, Director Thomas J. Carley sold 4,584 shares of the 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 completion of the sale, the director now owns 91,628 shares of the company’s stock, valued at $3,778,738.72. This represents a 4.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph Stephen Clabby acquired 1,635 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was bought at an average cost of $43.01 per share, for a total transaction of $70,321.35. Following the completion of the transaction, the director now directly owns 11,327 shares in the company, valued at $487,174.27. This represents a 16.87 % increase in their position. The disclosure for this purchase can be found here. 3.70% of the stock is currently owned by company insiders.

Barrett Business Services Stock Performance

Shares of NASDAQ:BBSI opened at $43.37 on Thursday. The company has a 50 day moving average price of $40.99 and a two-hundred day moving average price of $37.17. The company has a market capitalization of $1.12 billion, a PE ratio of 22.89, a PEG ratio of 1.46 and a beta of 1.42. Barrett Business Services, Inc. has a 52 week low of $27.06 and a 52 week high of $44.39.

Barrett Business Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.74%. 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 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.