Victory Capital Management Inc. Has $2.25 Million Holdings in Barrett Business Services, Inc. (NASDAQ:BBSI)

Victory Capital Management Inc. grew its position in Barrett Business Services, Inc. (NASDAQ:BBSI) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,754 shares of the business services provider’s stock after purchasing an additional 530 shares during the period. Victory Capital Management Inc. owned about 0.20% of Barrett Business Services worth $2,248,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its position in 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 worth $462,000 after purchasing an additional 679 shares during the last quarter. 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 valued at $1,590,000 after acquiring an additional 704 shares during the last quarter. Truvestments Capital LLC acquired a new position in shares of Barrett Business Services during the 3rd quarter valued at about $34,000. Westside Investment Management Inc. acquired a new position in shares of Barrett Business Services during the 3rd quarter valued at about $34,000. Finally, Quest Partners LLC increased its holdings in shares of Barrett Business Services by 5.6% during the 3rd quarter. Quest Partners LLC now owns 18,998 shares of the business services provider’s stock valued at $713,000 after acquiring an additional 1,012 shares during the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BBSI. StockNews.com raised Barrett Business Services from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Barrington Research reissued an “outperform” rating and set a $45.00 price objective on shares of Barrett Business Services in a report on Wednesday, March 12th.

Barrett Business Services Stock Down 0.1 %

Shares of NASDAQ:BBSI opened at $39.79 on Tuesday. The business has a 50 day moving average price of $41.80 and a 200 day moving average price of $40.38. Barrett Business Services, Inc. has a twelve month low of $28.42 and a twelve month high of $44.97. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 1.21 and a beta of 1.31.

Barrett Business Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.32 annualized dividend and a yield of 0.80%. Barrett Business Services’s payout ratio is 16.08%.

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.