Barrett Business Services, Inc. (NASDAQ:BBSI) Shares Sold by Private Capital Management LLC

Private Capital Management LLC cut its holdings in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 6.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,172,899 shares of the business services provider’s stock after selling 87,533 shares during the quarter. Barrett Business Services comprises 8.8% of Private Capital Management LLC’s portfolio, making the stock its 5th biggest holding. Private Capital Management LLC’s holdings in Barrett Business Services were worth $43,995,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Truvestments Capital LLC acquired a new stake in shares of Barrett Business Services during the 3rd quarter worth about $34,000. Westside Investment Management Inc. bought a new position in Barrett Business Services in the 3rd quarter valued at about $34,000. Huntington National Bank acquired a new stake in Barrett Business Services during the third quarter worth approximately $39,000. Quantbot Technologies LP bought a new stake in shares of Barrett Business Services during the third quarter worth approximately $77,000. Finally, Continental Investors Services Inc. acquired a new position in shares of Barrett Business Services in the third quarter valued at approximately $216,000. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Barrett Business Services Trading Down 0.5 %

Shares of BBSI opened at $40.29 on Friday. Barrett Business Services, Inc. has a 12 month low of $28.42 and a 12 month high of $44.97. The firm’s 50 day moving average is $42.64 and its 200-day moving average is $39.95. The stock has a market capitalization of $1.05 billion, a PE ratio of 21.26, a P/E/G ratio of 1.21 and a beta of 1.41.

Barrett Business Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.79%. Barrett Business Services’s dividend payout ratio (DPR) is presently 16.93%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Roth Mkm lifted their price target on Barrett Business Services from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Barrington Research reiterated an “outperform” rating and set a $45.00 price objective on shares of Barrett Business Services in a research report on Wednesday, December 11th. Finally, StockNews.com cut shares of Barrett Business Services from a “buy” rating to a “hold” rating in a research report on Thursday.

Insider Buying and Selling at Barrett Business Services

In other Barrett Business Services news, Director Thomas B. Cusick sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $43.41, for a total value of $130,230.00. Following the transaction, the director now directly owns 27,776 shares of the company’s stock, valued at $1,205,756.16. This trade represents a 9.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.70% of the company’s stock.

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.