Barrett Business Services, Inc. (NASDAQ:BBSI) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers increased its holdings in Barrett Business Services, Inc. (NASDAQ:BBSI) by 19.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,107 shares of the business services provider’s stock after acquiring an additional 7,653 shares during the period. Rhumbline Advisers owned about 0.18% of Barrett Business Services worth $2,003,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BBSI. Summit Global Investments increased its position in Barrett Business Services by 1.5% in the 3rd 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 period. BNP Paribas Financial Markets raised its position in shares of Barrett Business Services by 5.8% during 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. Franklin Resources Inc. lifted its position in Barrett Business Services by 1.7% in 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 in the last quarter. Truvestments Capital LLC bought a new stake in Barrett Business Services during the 3rd quarter worth about $34,000. Finally, Westside Investment Management Inc. acquired a new stake in Barrett Business Services in the 3rd quarter valued at about $34,000. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Barrett Business Services Trading Down 0.2 %

BBSI stock opened at $40.18 on Tuesday. Barrett Business Services, Inc. has a 12-month low of $28.42 and a 12-month high of $44.97. The firm’s 50-day moving average price is $42.58 and its two-hundred day moving average price is $40.06. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 1.21 and a beta of 1.41.

Barrett Business Services Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently commented on BBSI shares. 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. StockNews.com lowered shares of Barrett Business Services from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Finally, Roth Mkm lifted their price target on shares of Barrett Business Services from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, November 7th.

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.