Intech Investment Management LLC Makes New $485,000 Investment in Barrett Business Services, Inc. (NASDAQ:BBSI)

Intech Investment Management LLC bought a new position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,162 shares of the business services provider’s stock, valued at approximately $485,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Thrivent Financial for Lutherans increased its stake in Barrett Business Services by 272.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,631,644 shares of the business services provider’s stock worth $70,879,000 after acquiring an additional 1,193,839 shares during the period. JPMorgan Chase & Co. increased its position in shares of Barrett Business Services by 19.3% in the third quarter. JPMorgan Chase & Co. now owns 546,510 shares of the business services provider’s stock worth $20,500,000 after purchasing an additional 88,350 shares during the period. Geode Capital Management LLC raised its stake in Barrett Business Services by 4.8% in the third quarter. Geode Capital Management LLC now owns 705,598 shares of the business services provider’s stock valued at $26,471,000 after purchasing an additional 32,632 shares in the last quarter. Chatham Capital Group Inc. bought a new stake in Barrett Business Services during the fourth quarter worth about $1,236,000. Finally, Barclays PLC grew its stake in Barrett Business Services by 42.9% during the third quarter. Barclays PLC now owns 61,332 shares of the business services provider’s stock worth $2,300,000 after buying an additional 18,414 shares in the last quarter. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. StockNews.com upgraded shares of Barrett Business Services from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Barrington Research restated an “outperform” rating and set a $45.00 price objective on shares of Barrett Business Services in a research report on Wednesday, March 12th.

Barrett Business Services Price Performance

Shares of NASDAQ BBSI opened at $41.58 on Tuesday. Barrett Business Services, Inc. has a 1 year low of $28.42 and a 1 year high of $44.97. The firm has a market cap of $1.07 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 1.21 and a beta of 1.31. The company has a 50 day simple moving average of $41.72 and a 200 day simple moving average of $40.55.

Barrett Business Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.77%. Barrett Business Services’s payout ratio is 16.08%.

Barrett Business Services Company 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.