5,794 Shares in Barrett Business Services, Inc. (NASDAQ:BBSI) Bought by Continental Investors Services Inc.

Continental Investors Services Inc. acquired a new stake in Barrett Business Services, Inc. (NASDAQ:BBSI) during the 3rd quarter, Holdings Channel reports. The firm acquired 5,794 shares of the business services provider’s stock, valued at approximately $216,000.

Several other large investors have also made changes to their positions in BBSI. Mawer Investment Management Ltd. raised its stake in Barrett Business Services by 236.4% during the 3rd quarter. Mawer Investment Management Ltd. now owns 1,834,452 shares of the business services provider’s stock valued at $68,810,000 after purchasing an additional 1,289,147 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Barrett Business Services by 281.9% during the second quarter. Dimensional Fund Advisors LP now owns 867,708 shares of the business services provider’s stock valued at $28,435,000 after buying an additional 640,508 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Barrett Business Services by 299.4% during the second quarter. Renaissance Technologies LLC now owns 798,500 shares of the business services provider’s stock valued at $26,167,000 after buying an additional 598,567 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Barrett Business Services by 4.8% in the third quarter. Geode Capital Management LLC now owns 705,598 shares of the business services provider’s stock worth $26,471,000 after buying an additional 32,632 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Barrett Business Services by 155.9% during the second quarter. American Century Companies Inc. now owns 535,896 shares of the business services provider’s stock worth $17,561,000 after acquiring an additional 326,502 shares during the last quarter. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Barrett Business Services news, Director Joseph Stephen Clabby bought 1,635 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was acquired at an average price of $43.01 per share, for a total transaction of $70,321.35. Following the completion of the transaction, the director now directly owns 11,327 shares of the company’s stock, valued at approximately $487,174.27. This represents a 16.87 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas J. Carley sold 4,584 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was 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 approximately $3,778,738.72. The trade was a 4.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

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

Barrett Business Services Trading Up 1.5 %

Shares of NASDAQ BBSI opened at $43.30 on Wednesday. Barrett Business Services, Inc. has a 12-month low of $27.06 and a 12-month high of $44.39. The firm’s 50-day moving average price is $39.73 and its 200-day moving average price is $36.42. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 22.85, a P/E/G ratio of 1.46 and a beta of 1.42.

Barrett Business Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Friday, November 22nd. Barrett Business Services’s payout ratio is 16.89%.

About Barrett Business Services

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.