Pathstone Holdings LLC Purchases 1,595 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

Pathstone Holdings LLC increased its holdings in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 3.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,174 shares of the business services provider’s stock after acquiring an additional 1,595 shares during the period. Pathstone Holdings LLC’s holdings in Barrett Business Services were worth $1,995,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC boosted its stake in Barrett Business Services by 12,014.3% in the second quarter. CWM LLC now owns 848 shares of the business services provider’s stock worth $28,000 after purchasing an additional 841 shares in the last quarter. Amalgamated Bank lifted its position in Barrett Business Services by 300.0% during the 2nd quarter. Amalgamated Bank now owns 936 shares of the business services provider’s stock worth $31,000 after buying an additional 702 shares in the last quarter. Huntington National Bank bought a new stake in Barrett Business Services during the 3rd quarter worth about $39,000. USA Financial Formulas acquired a new stake in Barrett Business Services in the 3rd quarter valued at about $60,000. Finally, Virtu Financial LLC bought a new position in shares of Barrett Business Services in the first quarter worth about $227,000. 86.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Joseph Stephen Clabby bought 1,635 shares of Barrett Business Services stock in a transaction on Tuesday, November 12th. The shares were purchased at an average price of $43.01 per share, for a total transaction of $70,321.35. Following the completion of the acquisition, the director now owns 11,327 shares in the company, valued at approximately $487,174.27. This represents a 16.87 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas J. Carley sold 4,584 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $41.24, for a total value of $189,044.16. Following the completion of the sale, the director now directly owns 91,628 shares of the company’s stock, valued at approximately $3,778,738.72. This trade represents a 4.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.

Barrett Business Services Price Performance

Shares of NASDAQ:BBSI opened at $43.49 on Wednesday. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 22.68, a P/E/G ratio of 1.43 and a beta of 1.39. The company has a 50 day moving average of $38.34 and a 200-day moving average of $35.49. Barrett Business Services, Inc. has a one year low of $26.60 and a one year high of $43.75.

Barrett Business Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, November 22nd. Barrett Business Services’s payout ratio is 16.93%.

Wall Street Analyst Weigh In

Several analysts have recently commented on BBSI shares. Barrington Research increased their price target on shares of Barrett Business Services from $41.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Roth Mkm increased their price objective on Barrett Business Services from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, StockNews.com upgraded Barrett Business Services from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th.

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.