North Star Investment Management Corp. reduced its position in Barrett Business Services, Inc. (NASDAQ:BBSI)
North Star Investment Management Corp. cut its stake in Barrett Business Services, Inc. (NASDAQ:BBSI – Get Rating) by 25.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The company held 29,000 shares of the business services provider after selling 10,000 shares during the quarter. North Star Investment Management Corp. owned approximately 0.42% of Barrett Business Services worth $2,705,000 when last filed with the SEC.
→ Urgent Warning (from Weiss Ratings)
A number of other hedge funds have also recently added or reduced their stakes in the company. The Public Employees Retirement System of Ohio increased its stake in Barrett Business Services by 2.0% in the third quarter. The Ohio Public Employees Retirement System now owns 5,623 shares of the business services provider worth $439,000 after acquiring 112 additional shares during the period. Tower Research Capital LLC TRC increased its position in shares of Barrett Business Services by 54.1% during the third quarter. Tower Research Capital LLC TRC now owns 467 shares of the business services provider valued at $36,000 after buying an additional 164 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Barrett Business Services by 1.4% in the first quarter. Captrust Financial Advisors now owns 11,904 shares of the business services provider valued at $926,000 after buying an additional 170 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of Barrett Business Services by 26.9% during the first quarter. Lazard Asset Management LLC now owns 1,029 shares of the business services provider valued at $79,000 after buying 218 additional shares in the last quarter. Finally, Legal & General Group Plc increased its position in Barrett Business Services shares by 8.3% during the second quarter. Legal & General Group Plc now owns 3,348 shares of the business services provider valued at $244,000 after buying an additional 256 shares in the last quarter. 86.40% of the shares are held by hedge funds and other institutional investors.
Barrett Business Services shares down 1.5%
BBSI opened at $85.52 on Friday. Barrett Business Services, Inc. has a 52-week minimum of $65.93 and a 52-week maximum of $100.85. The company has a market cap of $588.38 million, a P/E ratio of 12.94, a price-to-earnings growth ratio of 0.89, and a beta of 1.34. The company’s 50-day moving average price is $94.98 and its 200-day moving average price is $90.59.
Barrett Business Services Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 31. Shareholders of record on Friday, March 17 will receive a dividend of $0.30 per share. The ex-dividend date is Thursday, March 16. This represents an annualized dividend of $1.20 and a dividend yield of 1.40%. Barrett Business Services’ dividend payout ratio (DPR) is currently 18.15%.
A Wall Street analyst gives his opinion
Several analysts have commented on the title. StockNews.com assumed coverage of Barrett Business Services stocks in a research report Thursday. They set a “buy” rating for the company. Barrington Research raised its price target on shares of Barrett Business Services from $102.00 to $104.00 in a Friday, March 3 research report. Four equity research analysts rated the stock with a buy rating. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $100.50.
About Barrett Business Services (Get an Assessment)
Barrett Business Services, Inc. is committed to providing business management solutions for small and medium businesses. It develops a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the HR outsourcing industry. It focuses on professional employers and staffing and recruitment services.
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Want to see which other hedge funds hold BBSIs? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Barrett Business Services, Inc. (NASDAQ:BBSI – Get Rating).
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