Barclays PLC Has $2.81 Million Position in Barrett Business Services, Inc. (NASDAQ:BBSI)

Barclays PLC grew its stake in Barrett Business Services, Inc. (NASDAQ:BBSI) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,738 shares of the business services provider’s stock after buying an additional 3,406 shares during the period. Barclays PLC owned 0.25% of Barrett Business Services worth $2,812,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in BBSI. Mawer Investment Management Ltd. boosted its holdings in Barrett Business Services by 15.1% in the fourth quarter. Mawer Investment Management Ltd. now owns 2,110,550 shares of the business services provider’s stock valued at $91,682,000 after acquiring an additional 276,098 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Barrett Business Services by 272.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,631,644 shares of the business services provider’s stock valued at $70,879,000 after purchasing an additional 1,193,839 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Barrett Business Services by 19.3% during the third quarter. JPMorgan Chase & Co. now owns 546,510 shares of the business services provider’s stock worth $20,500,000 after buying an additional 88,350 shares during the period. Tieton Capital Management LLC raised its stake in Barrett Business Services by 23.2% during the fourth quarter. Tieton Capital Management LLC now owns 251,628 shares of the business services provider’s stock worth $10,931,000 after buying an additional 47,447 shares during the last quarter. Finally, Hillsdale Investment Management Inc. lifted its holdings in Barrett Business Services by 0.5% in the fourth quarter. Hillsdale Investment Management Inc. now owns 164,780 shares of the business services provider’s stock valued at $7,158,000 after buying an additional 800 shares during the period. Institutional investors and hedge funds own 86.76% of the company’s stock.

Wall Street Analysts Forecast Growth

BBSI has been the subject of several research analyst reports. StockNews.com raised Barrett Business Services from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Barrington Research reissued an “outperform” rating and issued a $45.00 price target on shares of Barrett Business Services in a research note on Wednesday, March 12th.

Barrett Business Services Price Performance

Shares of BBSI opened at $40.51 on Wednesday. The stock has a 50-day moving average of $40.20 and a 200-day moving average of $41.22. Barrett Business Services, Inc. has a one year low of $28.42 and a one year high of $44.97. The company has a market cap of $1.04 billion, a PE ratio of 21.38, a P/E/G ratio of 1.21 and a beta of 1.09.

Barrett Business Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend was Friday, March 14th. Barrett Business Services’s dividend payout ratio is currently 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.