Barrett Business Services, Inc. (NASDAQ:BBSI) Stock Position Lifted by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. lifted its holdings in Barrett Business Services, Inc. (NASDAQ:BBSI) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 164,780 shares of the business services provider’s stock after purchasing an additional 800 shares during the quarter. Hillsdale Investment Management Inc. owned 0.64% of Barrett Business Services worth $7,158,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Inceptionr LLC lifted its holdings in shares of Barrett Business Services by 3.9% during the fourth quarter. Inceptionr LLC now owns 6,939 shares of the business services provider’s stock valued at $301,000 after purchasing an additional 262 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Barrett Business Services by 1.0% during the fourth quarter. Swiss National Bank now owns 51,400 shares of the business services provider’s stock valued at $2,233,000 after purchasing an additional 500 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Barrett Business Services by 1.0% during the fourth quarter. Victory Capital Management Inc. now owns 51,754 shares of the business services provider’s stock valued at $2,248,000 after purchasing an additional 530 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Barrett Business Services by 5.8% during the third quarter. BNP Paribas Financial Markets now owns 12,310 shares of the business services provider’s stock valued at $462,000 after purchasing an additional 679 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Barrett Business Services by 1.7% during the third quarter. Franklin Resources Inc. now owns 42,790 shares of the business services provider’s stock valued at $1,590,000 after purchasing an additional 704 shares during the last quarter. Institutional investors own 86.76% of the company’s stock.

Barrett Business Services Stock Down 0.4 %

BBSI opened at $40.82 on Friday. The firm has a market capitalization of $1.05 billion, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 1.21 and a beta of 1.31. The stock’s 50 day moving average price is $41.72 and its two-hundred day moving average price is $40.44. Barrett Business Services, Inc. has a 12-month low of $28.42 and a 12-month high of $44.97.

Barrett Business Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.08 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.78%. Barrett Business Services’s dividend payout ratio is currently 16.08%.

Wall Street Analyst Weigh In

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

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.