Rhumbline Advisers Boosts Position in Barrett Business Services, Inc. (NASDAQ:BBSI)

Rhumbline Advisers increased its holdings in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 19.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,107 shares of the business services provider’s stock after purchasing an additional 7,653 shares during the quarter. Rhumbline Advisers’ holdings in Barrett Business Services were worth $2,003,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Truvestments Capital LLC bought a new stake in Barrett Business Services during the 3rd quarter valued at about $34,000. Westside Investment Management Inc. purchased a new position in Barrett Business Services in the 3rd quarter valued at $34,000. Huntington National Bank purchased a new stake in shares of Barrett Business Services in the third quarter valued at about $39,000. Quantbot Technologies LP purchased a new position in Barrett Business Services during the third quarter worth about $77,000. Finally, Longboard Asset Management LP acquired a new stake in shares of Barrett Business Services during the fourth quarter worth about $217,000. 86.76% of the stock is currently owned by institutional investors.

Barrett Business Services Stock Performance

Shares of BBSI stock opened at $40.18 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 market cap of $1.04 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 1.21 and a beta of 1.41. The business’s fifty day moving average is $42.58 and its 200-day moving average is $40.06.

Barrett Business Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.80%. Barrett Business Services’s dividend payout ratio is currently 16.08%.

Analyst Ratings Changes

A number of brokerages recently issued reports on BBSI. StockNews.com cut Barrett Business Services from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Roth Mkm boosted their target price on Barrett Business Services from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $45.00 price target on shares of Barrett Business Services in a report on Wednesday, December 11th.

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.