Barclays PLC Has $2.30 Million Stock Position in Barrett Business Services, Inc. (NASDAQ:BBSI)

Barclays PLC grew its holdings in Barrett Business Services, Inc. (NASDAQ:BBSI) by 42.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,332 shares of the business services provider’s stock after purchasing an additional 18,414 shares during the period. Barclays PLC’s holdings in Barrett Business Services were worth $2,300,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Summit Global Investments grew its position in Barrett Business Services by 1.5% in the third quarter. Summit Global Investments now owns 24,456 shares of the business services provider’s stock valued at $917,000 after purchasing an additional 352 shares in the last quarter. Perkins Coie Trust Co grew its holdings in shares of Barrett Business Services by 11.1% in the 3rd quarter. Perkins Coie Trust Co now owns 4,000 shares of the business services provider’s stock valued at $150,000 after acquiring an additional 400 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Barrett Business Services by 5.8% in the third quarter. BNP Paribas Financial Markets now owns 12,310 shares of the business services provider’s stock valued at $462,000 after acquiring an additional 679 shares during the last quarter. Amalgamated Bank raised its holdings in Barrett Business Services by 300.0% during the second quarter. Amalgamated Bank now owns 936 shares of the business services provider’s stock worth $31,000 after acquiring an additional 702 shares in the last quarter. Finally, Lakewood Asset Management LLC boosted its position in Barrett Business Services by 8.2% during the third quarter. Lakewood Asset Management LLC now owns 10,562 shares of the business services provider’s stock valued at $396,000 after purchasing an additional 798 shares during the last quarter. Institutional investors own 86.76% of the company’s stock.

Barrett Business Services Stock Up 1.9 %

BBSI opened at $43.37 on Thursday. Barrett Business Services, Inc. has a 12-month low of $27.06 and a 12-month high of $44.39. The business has a 50 day moving average of $40.99 and a 200-day moving average of $37.17. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 22.89, a PEG 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. Shareholders of record on Friday, November 22nd were given a dividend of $0.08 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.32 dividend on an annualized basis and a yield of 0.74%. Barrett Business Services’s dividend payout ratio (DPR) is 16.93%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Barrington Research reaffirmed an “outperform” rating and set a $45.00 price target on shares of Barrett Business Services in a research report on Wednesday, December 11th. StockNews.com upgraded shares of Barrett Business Services from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. Finally, Roth Mkm increased their price target on shares of Barrett Business Services from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, November 7th.

Insider Buying and Selling at Barrett Business Services

In related news, Director Thomas J. Carley sold 4,584 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $41.24, for a total value of $189,044.16. Following the transaction, the director now owns 91,628 shares in the company, valued at approximately $3,778,738.72. This represents a 4.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph Stephen Clabby purchased 1,635 shares of the stock in a transaction on Tuesday, November 12th. The stock was bought at an average cost of $43.01 per share, for a total transaction of $70,321.35. Following the completion of the acquisition, the director now owns 11,327 shares in the company, valued at approximately $487,174.27. This trade represents a 16.87 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 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.