Jane Street Group LLC Has $868,000 Stake in Barrett Business Services, Inc. (NASDAQ:BBSI)

Jane Street Group LLC lowered its holdings in Barrett Business Services, Inc. (NASDAQ:BBSI) by 13.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,132 shares of the business services provider’s stock after selling 3,616 shares during the period. Jane Street Group LLC owned approximately 0.09% of Barrett Business Services worth $868,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Verition Fund Management LLC bought a new stake in shares of Barrett Business Services in the third quarter valued at approximately $246,000. Martingale Asset Management L P lifted its position in shares of Barrett Business Services by 5.9% during the 3rd quarter. Martingale Asset Management L P now owns 52,178 shares of the business services provider’s stock valued at $1,957,000 after acquiring an additional 2,904 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Barrett Business Services by 81.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,955 shares of the business services provider’s stock worth $223,000 after purchasing an additional 2,675 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Barrett Business Services by 5.8% in the third quarter. BNP Paribas Financial Markets now owns 12,310 shares of the business services provider’s stock worth $462,000 after purchasing an additional 679 shares during the period. Finally, Quantbot Technologies LP acquired a new position in Barrett Business Services in the third quarter valued at about $77,000. Institutional investors and hedge funds own 86.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BBSI shares. StockNews.com upgraded shares of Barrett Business Services from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. 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. Finally, Barrington Research restated an “outperform” rating and set a $45.00 target price on shares of Barrett Business Services in a research note on Wednesday, December 11th.

Insider Activity

In other news, Director Thomas B. Cusick sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $43.41, for a total value of $130,230.00. Following the completion of the transaction, the director now owns 27,776 shares of the company’s stock, valued at $1,205,756.16. This represents a 9.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Joseph Stephen Clabby bought 1,635 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were acquired at an average price of $43.01 per share, for a total transaction of $70,321.35. Following the completion of the transaction, the director now owns 11,327 shares in the company, valued at $487,174.27. This trade represents a 16.87 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.70% of the stock is owned by corporate insiders.

Barrett Business Services Trading Up 0.2 %

BBSI opened at $43.44 on Thursday. The company’s 50 day moving average is $41.73 and its 200-day moving average is $37.58. The company has a market cap of $1.13 billion, a P/E ratio of 22.92, a PEG ratio of 1.46 and a beta of 1.42. Barrett Business Services, Inc. has a 1-year low of $27.06 and a 1-year high of $44.39.

Barrett Business Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.32 annualized dividend and a dividend yield of 0.74%. Barrett Business Services’s dividend payout ratio (DPR) is presently 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.