Charles Schwab Investment Management Inc. Has $10.56 Million Stake in Barrett Business Services, Inc. (NASDAQ:BBSI)

Charles Schwab Investment Management Inc. lessened its stake in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 10.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 281,572 shares of the business services provider’s stock after selling 33,666 shares during the period. Charles Schwab Investment Management Inc. owned 1.09% of Barrett Business Services worth $10,562,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Summit Global Investments raised its holdings in shares of 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 valued at $917,000 after purchasing an additional 352 shares during the period. Perkins Coie Trust Co increased its position in Barrett Business Services by 11.1% in the 3rd quarter. Perkins Coie Trust Co now owns 4,000 shares of the business services provider’s stock valued at $150,000 after buying an additional 400 shares in the last quarter. Amalgamated Bank raised its stake in Barrett Business Services by 300.0% during the 2nd quarter. Amalgamated Bank now owns 936 shares of the business services provider’s stock worth $31,000 after buying an additional 702 shares during the period. Lakewood Asset Management LLC raised its stake in Barrett Business Services by 8.2% during the 3rd quarter. Lakewood Asset Management LLC now owns 10,562 shares of the business services provider’s stock worth $396,000 after buying an additional 798 shares during the period. Finally, CWM LLC boosted its holdings in Barrett Business Services by 12,014.3% in the second quarter. CWM LLC now owns 848 shares of the business services provider’s stock worth $28,000 after acquiring an additional 841 shares in the last quarter. 86.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BBSI. Barrington Research boosted their price objective on Barrett Business Services from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Roth Mkm boosted their price target on shares of Barrett Business Services from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, StockNews.com raised shares of Barrett Business Services from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th.

Barrett Business Services Stock Down 2.0 %

Shares of Barrett Business Services stock opened at $42.67 on Tuesday. Barrett Business Services, Inc. has a 52 week low of $27.06 and a 52 week high of $44.39. The business has a 50 day moving average price of $39.61 and a 200-day moving average price of $36.33. The company has a market cap of $1.11 billion, a PE ratio of 22.52, a price-to-earnings-growth ratio of 1.46 and a beta of 1.42.

Barrett Business Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Friday, November 22nd. Barrett Business Services’s payout ratio is currently 16.89%.

Insider Buying and Selling at Barrett Business Services

In other news, Director Thomas J. Carley sold 4,584 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $41.24, for a total value of $189,044.16. Following the completion of the sale, the director now owns 91,628 shares in the company, valued at $3,778,738.72. This represents a 4.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Thomas B. Cusick sold 3,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $43.41, for a total transaction of $130,230.00. Following the transaction, the director now owns 27,776 shares in the company, valued at approximately $1,205,756.16. This trade represents a 9.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

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.