Barrett Business Services, Inc. (NASDAQ:BBSI) Shares Purchased by Trexquant Investment LP

Trexquant Investment LP increased its position in shares of Barrett Business Services, Inc. (NASDAQ:BBSIFree Report) by 53.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,616 shares of the business services provider’s stock after purchasing an additional 1,259 shares during the period. Trexquant Investment LP owned 0.05% of Barrett Business Services worth $419,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. purchased a new stake in shares of Barrett Business Services during the 4th quarter valued at approximately $2,399,000. FMR LLC lifted its stake in shares of Barrett Business Services by 4.3% in the 3rd quarter. FMR LLC now owns 315,370 shares of the business services provider’s stock valued at $28,459,000 after purchasing an additional 12,997 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Barrett Business Services during the 4th quarter worth $563,000. Legato Capital Management LLC acquired a new stake in shares of Barrett Business Services during the 4th quarter worth about $450,000. Finally, New York State Common Retirement Fund raised its holdings in Barrett Business Services by 131.9% in the 4th quarter. New York State Common Retirement Fund now owns 6,585 shares of the business services provider’s stock valued at $763,000 after buying an additional 3,745 shares during the period. 86.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Barrington Research reaffirmed an “outperform” rating and set a $141.00 target price on shares of Barrett Business Services in a research note on Tuesday, May 28th. StockNews.com cut shares of Barrett Business Services from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 29th.

Check Out Our Latest Stock Analysis on Barrett Business Services

Barrett Business Services Trading Up 2.8 %

BBSI opened at $132.34 on Monday. The stock’s 50-day moving average price is $123.97 and its 200 day moving average price is $117.65. Barrett Business Services, Inc. has a 12-month low of $82.44 and a 12-month high of $132.90. The firm has a market cap of $865.50 million, a price-to-earnings ratio of 18.15, a PEG ratio of 1.19 and a beta of 1.37.

Barrett Business Services (NASDAQ:BBSIGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The business services provider reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.29. Barrett Business Services had a net margin of 4.60% and a return on equity of 26.58%. The business had revenue of $265.78 million for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the prior year, the company earned $0.12 earnings per share. On average, research analysts forecast that Barrett Business Services, Inc. will post 7.95 earnings per share for the current year.

Barrett Business Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $1.20 annualized dividend and a dividend yield of 0.91%. Barrett Business Services’s dividend payout ratio (DPR) is 16.46%.

About Barrett Business Services

(Free Report)

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.

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Institutional Ownership by Quarter for Barrett Business Services (NASDAQ:BBSI)

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