Cwm LLC Buys 1,200 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

Cwm LLC raised its position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 120,000.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,201 shares of the business services provider’s stock after acquiring an additional 1,200 shares during the quarter. Cwm LLC’s holdings in Barrett Business Services were worth $139,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. FMR LLC boosted its position in shares of Barrett Business Services by 4.3% during the third quarter. FMR LLC now owns 315,370 shares of the business services provider’s stock valued at $28,459,000 after purchasing an additional 12,997 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Barrett Business Services by 1.7% in the 3rd quarter. Wellington Management Group LLP now owns 175,006 shares of the business services provider’s stock worth $15,793,000 after buying an additional 3,000 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Barrett Business Services by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 83,693 shares of the business services provider’s stock worth $7,552,000 after acquiring an additional 1,496 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Barrett Business Services by 0.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 53,936 shares of the business services provider’s stock worth $4,867,000 after acquiring an additional 219 shares in the last quarter. Finally, LSV Asset Management lifted its position in Barrett Business Services by 1.4% during the 3rd quarter. LSV Asset Management now owns 28,373 shares of the business services provider’s stock valued at $2,560,000 after acquiring an additional 399 shares during the period. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Barrett Business Services Stock Performance

NASDAQ:BBSI opened at $123.38 on Monday. The firm has a market cap of $806.91 million, a P/E ratio of 16.92, a P/E/G ratio of 1.11 and a beta of 1.37. Barrett Business Services, Inc. has a fifty-two week low of $76.22 and a fifty-two week high of $130.00. The firm has a 50-day simple moving average of $121.66 and a two-hundred day simple moving average of $113.49.

Barrett Business Services (NASDAQ:BBSI) last announced its quarterly earnings results on Wednesday, May 1st. The business services provider reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.31) by $0.29. The company had revenue of $265.78 million during the quarter, compared to the consensus estimate of $1.88 billion. Barrett Business Services had a net margin of 4.60% and a return on equity of 26.72%. During the same quarter last year, the firm earned $0.12 earnings per share. On average, equities research analysts predict that Barrett Business Services, Inc. will post 7.95 EPS for the current year.

Barrett Business Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, May 16th. Barrett Business Services’s dividend payout ratio is currently 16.46%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BBSI. StockNews.com upgraded shares of Barrett Business Services from a “buy” rating to a “strong-buy” rating in a report on Thursday. Barrington Research reaffirmed an “outperform” rating and set a $141.00 price objective on shares of Barrett Business Services in a research report on Thursday.

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.