Prudent Man Investment Management Inc. Takes $35,000 Position in Barrett Business Services, Inc. (NASDAQ:BBSI)

Prudent Man Investment Management Inc. purchased a new stake in Barrett Business Services, Inc. (NASDAQ:BBSI) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 800 shares of the business services provider’s stock, valued at approximately $35,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Tieton Capital Management LLC lifted its position in shares of 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 purchasing an additional 47,447 shares in the last quarter. Barclays PLC boosted its position in Barrett Business Services by 42.9% in the 3rd quarter. Barclays PLC now owns 61,332 shares of the business services provider’s stock valued at $2,300,000 after buying an additional 18,414 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Barrett Business Services by 19.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 546,510 shares of the business services provider’s stock valued at $20,500,000 after buying an additional 88,350 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Barrett Business Services by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 705,598 shares of the business services provider’s stock valued at $26,471,000 after buying an additional 32,632 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of Barrett Business Services by 29.7% during the third quarter. Principal Financial Group Inc. now owns 17,300 shares of the business services provider’s stock valued at $649,000 after acquiring an additional 3,960 shares during the period. Institutional investors and hedge funds own 86.76% of the company’s stock.

Barrett Business Services Price Performance

Barrett Business Services stock opened at $41.21 on Monday. Barrett Business Services, Inc. has a fifty-two week low of $28.42 and a fifty-two week high of $44.97. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 1.21 and a beta of 1.31. The company’s 50 day simple moving average is $41.57 and its 200 day simple moving average is $40.73.

Barrett Business Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Friday, March 14th. Barrett Business Services’s dividend payout ratio (DPR) is 16.08%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BBSI. Barrington Research reiterated an “outperform” rating and issued a $45.00 price objective on shares of Barrett Business Services in a research report on Wednesday, March 12th. StockNews.com raised shares of Barrett Business Services from a “hold” rating to a “buy” rating in a research note on Friday, March 7th.

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.