SG Americas Securities LLC Purchases 2,265 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

SG Americas Securities LLC lifted its position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 18.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,402 shares of the business services provider’s stock after purchasing an additional 2,265 shares during the period. SG Americas Securities LLC owned 0.06% of Barrett Business Services worth $626,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Summit Global Investments increased its position in 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 worth $917,000 after buying an additional 352 shares during the last quarter. Perkins Coie Trust Co boosted its stake in shares of 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 worth $150,000 after acquiring an additional 400 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of 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 worth $462,000 after acquiring an additional 679 shares during the period. Franklin Resources Inc. increased its holdings in shares of Barrett Business Services by 1.7% during the 3rd quarter. Franklin Resources Inc. now owns 42,790 shares of the business services provider’s stock worth $1,590,000 after acquiring an additional 704 shares during the last quarter. Finally, Lakewood Asset Management LLC raised its stake in 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 acquiring an additional 798 shares during the period. 86.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Roth Mkm lifted their price objective on shares of Barrett Business Services from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Barrington Research reaffirmed an “outperform” rating and set a $45.00 target price on shares of Barrett Business Services in a report on Wednesday, December 11th. Finally, StockNews.com raised shares of Barrett Business Services from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th.

Barrett Business Services Price Performance

BBSI stock opened at $43.57 on Friday. Barrett Business Services, Inc. has a fifty-two week low of $27.06 and a fifty-two week high of $44.97. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 22.99, a PEG ratio of 1.33 and a beta of 1.42. The business’s fifty day moving average price is $43.17 and its two-hundred day moving average price is $39.01.

Barrett Business Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Friday, November 22nd. Barrett Business Services’s dividend payout ratio is 16.89%.

Insiders Place Their Bets

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

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.