Barrett Business Services, Inc. (NASDAQ:BBSI) Shares Bought by Cwm LLC

Cwm LLC grew its position in Barrett Business Services, Inc. (NASDAQ:BBSI) by 120,000.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,201 shares of the business services provider’s stock after buying an additional 1,200 shares during the period. Cwm LLC’s holdings in Barrett Business Services were worth $139,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BBSI. Assenagon Asset Management S.A. acquired a new position in Barrett Business Services during the fourth quarter worth $2,399,000. FMR LLC raised its stake in Barrett Business Services by 4.3% in the third quarter. FMR LLC now owns 315,370 shares of the business services provider’s stock valued at $28,459,000 after buying an additional 12,997 shares in the last quarter. Inspire Advisors LLC purchased a new position in shares of Barrett Business Services in the 3rd quarter valued at about $677,000. Legato Capital Management LLC purchased a new position in Barrett Business Services in the fourth quarter valued at approximately $450,000. Finally, Wellington Management Group LLP grew its position in shares of Barrett Business Services by 1.7% in the 3rd quarter. Wellington Management Group LLP now owns 175,006 shares of the business services provider’s stock valued at $15,793,000 after buying an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 86.76% of the company’s stock.

Barrett Business Services Stock Performance

NASDAQ BBSI opened at $123.38 on Monday. The firm’s fifty day moving average is $121.66 and its two-hundred day moving average is $113.49. The firm has a market cap of $806.91 million, a PE ratio of 16.92, a P/E/G ratio of 1.11 and a beta of 1.37. Barrett Business Services, Inc. has a one year low of $76.22 and a one year high of $130.00.

Barrett Business Services (NASDAQ:BBSI) last released its earnings results on Wednesday, May 1st. The business services provider reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.29. The company had revenue of $265.78 million during the quarter, compared to the consensus estimate of $1.88 billion. Barrett Business Services had a return on equity of 26.72% and a net margin of 4.60%. During the same quarter last year, the company earned $0.12 earnings per share. Research analysts predict that Barrett Business Services, Inc. will post 7.95 earnings per share for the current year.

Barrett Business Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.97%. Barrett Business Services’s dividend payout ratio (DPR) is 16.46%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Barrington Research reissued an “outperform” rating and issued a $141.00 target price on shares of Barrett Business Services in a research report on Thursday. StockNews.com upgraded shares of Barrett Business Services from a “buy” rating to a “strong-buy” rating in a research report on Thursday.

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.