Barrett Business Services, Inc. (NASDAQ:BBSI) Stock Holdings Boosted by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC lifted its holdings in Barrett Business Services, Inc. (NASDAQ:BBSI) by 259.8% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 378,786 shares of the business services provider’s stock after buying an additional 273,516 shares during the period. Barrett Business Services makes up approximately 3.0% of Pacific Ridge Capital Partners LLC’s portfolio, making the stock its biggest holding. Pacific Ridge Capital Partners LLC owned 1.45% of Barrett Business Services worth $12,413,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. CWM LLC lifted its position in shares of Barrett Business Services by 12,014.3% during the 2nd quarter. CWM LLC now owns 848 shares of the business services provider’s stock valued at $28,000 after buying an additional 841 shares during the last quarter. Amalgamated Bank boosted its stake in Barrett Business Services by 300.0% in the 2nd quarter. Amalgamated Bank now owns 936 shares of the business services provider’s stock worth $31,000 after purchasing an additional 702 shares during the period. Nisa Investment Advisors LLC grew its holdings in Barrett Business Services by 415.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,906 shares of the business services provider’s stock valued at $95,000 after buying an additional 2,342 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Barrett Business Services by 300.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,280 shares of the business services provider’s stock valued at $107,000 after buying an additional 2,460 shares during the period. Finally, Perkins Coie Trust Co bought a new stake in shares of Barrett Business Services during the second quarter valued at about $118,000. 86.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on BBSI. Sidoti cut shares of Barrett Business Services from a “buy” rating to a “neutral” rating and set a $35.00 price objective on the stock. in a research report on Wednesday, June 5th. Barrington Research increased their price objective on Barrett Business Services from $35.00 to $41.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Finally, Roth Mkm raised their price objective on Barrett Business Services from $40.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, August 1st.

Barrett Business Services Trading Up 0.1 %

Shares of BBSI opened at $36.55 on Friday. Barrett Business Services, Inc. has a 1-year low of $21.59 and a 1-year high of $37.81. The firm’s 50-day moving average price is $35.78 and its 200-day moving average price is $33.15. The firm has a market capitalization of $956.40 million, a price-to-earnings ratio of 20.08, a PEG ratio of 1.23 and a beta of 1.38.

Barrett Business Services (NASDAQ:BBSI) last posted its quarterly earnings data on Wednesday, July 31st. The business services provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. The business had revenue of $279.60 million during the quarter, compared to the consensus estimate of $273.13 million. Barrett Business Services had a return on equity of 25.69% and a net margin of 4.50%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.62 earnings per share. On average, research analysts forecast that Barrett Business Services, Inc. will post 1.99 EPS for the current fiscal year.

Barrett Business Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend was Friday, August 16th. This is a positive change from Barrett Business Services’s previous quarterly dividend of $0.08. Barrett Business Services’s payout ratio is currently 17.58%.

Insider Buying and Selling

In related news, CEO Gary Kramer sold 805 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $35.00, for a total value of $28,175.00. Following the completion of the transaction, the chief executive officer now directly owns 276,831 shares in the company, valued at approximately $9,689,085. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 35,133 shares of company stock worth $1,231,357 in the last quarter. Corporate 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.