Quantbot Technologies LP Makes New $77,000 Investment in Barrett Business Services, Inc. (NASDAQ:BBSI)

Quantbot Technologies LP bought a new stake in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) in the third quarter, Holdings Channel reports. The firm bought 2,050 shares of the business services provider’s stock, valued at approximately $77,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. CWM LLC boosted its position in Barrett Business Services by 12,014.3% during the second quarter. CWM LLC now owns 848 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 841 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Barrett Business Services by 300.0% during the 2nd quarter. Amalgamated Bank now owns 936 shares of the business services provider’s stock valued at $31,000 after buying an additional 702 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of Barrett Business Services in the 3rd quarter valued at approximately $34,000. Huntington National Bank acquired a new position in Barrett Business Services in the third quarter worth approximately $39,000. Finally, USA Financial Formulas bought a new position in Barrett Business Services during the third quarter valued at approximately $60,000. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BBSI. Roth Mkm increased 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. Barrington Research raised their target price on Barrett Business Services from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, StockNews.com upgraded Barrett Business Services from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th.

Barrett Business Services Trading Up 0.0 %

NASDAQ BBSI opened at $43.55 on Friday. Barrett Business Services, Inc. has a 1 year low of $27.06 and a 1 year high of $44.39. The company has a fifty day simple moving average of $39.50 and a 200 day simple moving average of $36.18. The company has a market cap of $1.13 billion, a P/E ratio of 22.98, a P/E/G ratio of 1.45 and a beta of 1.42.

Barrett Business Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Friday, November 22nd. Barrett Business Services’s dividend payout ratio (DPR) is 16.89%.

Insider Transactions at Barrett Business Services

In related news, Director Thomas B. Cusick sold 3,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $43.41, for a total transaction of $130,230.00. Following the transaction, the director now owns 27,776 shares of the company’s stock, valued at approximately $1,205,756.16. The trade was a 9.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Thomas J. Carley sold 4,584 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.24, for a total transaction of $189,044.16. Following the transaction, the director now owns 91,628 shares of the company’s stock, 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. 3.70% of the stock is currently owned by corporate insiders.

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.