Victory Capital Management Inc. Purchases 530 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

Victory Capital Management Inc. grew its position in Barrett Business Services, Inc. (NASDAQ:BBSI) by 1.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 51,754 shares of the business services provider’s stock after buying an additional 530 shares during the period. Victory Capital Management Inc.’s holdings in Barrett Business Services were worth $2,248,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in shares of Barrett Business Services by 9.9% in the 4th quarter. Principal Financial Group Inc. now owns 19,018 shares of the business services provider’s stock worth $826,000 after acquiring an additional 1,718 shares during the period. Rhumbline Advisers lifted its position in shares of Barrett Business Services by 19.9% in the 4th quarter. Rhumbline Advisers now owns 46,107 shares of the business services provider’s stock worth $2,003,000 after acquiring an additional 7,653 shares during the period. Longboard Asset Management LP bought a new stake in shares of Barrett Business Services in the 4th quarter worth approximately $217,000. Janney Montgomery Scott LLC bought a new stake in shares of Barrett Business Services in the 4th quarter worth approximately $481,000. Finally, SG Americas Securities LLC lifted its position in shares of Barrett Business Services by 18.7% in the 4th quarter. SG Americas Securities LLC now owns 14,402 shares of the business services provider’s stock worth $626,000 after acquiring an additional 2,265 shares during the period. Institutional investors own 86.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on BBSI shares. Barrington Research reissued an “outperform” rating and issued a $45.00 target price on shares of Barrett Business Services in a report on Wednesday, March 12th. StockNews.com raised Barrett Business Services from a “hold” rating to a “buy” rating in a report on Friday, March 7th.

Barrett Business Services Trading Down 0.1 %

Shares of BBSI opened at $39.79 on Tuesday. Barrett Business Services, Inc. has a 1 year low of $28.42 and a 1 year high of $44.97. The stock has a 50 day simple moving average of $41.80 and a 200-day simple moving average of $40.38. The stock has a market cap of $1.03 billion, a PE ratio of 21.00, a PEG ratio of 1.21 and a beta of 1.31.

Barrett Business Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued 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 0.80%. Barrett Business Services’s dividend payout ratio is 16.08%.

About Barrett Business Services

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.