4D Advisors LLC Makes New $5.43 Million Investment in Barrett Business Services, Inc. (NASDAQ:BBSI)

4D Advisors LLC acquired a new stake in shares of Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 125,000 shares of the business services provider's stock, valued at approximately $5,430,000. Barrett Business Services comprises approximately 3.8% of 4D Advisors LLC's holdings, making the stock its 7th biggest position. 4D Advisors LLC owned 0.48% of Barrett Business Services at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Inceptionr LLC increased its stake in Barrett Business Services by 3.9% in the 4th quarter. Inceptionr LLC now owns 6,939 shares of the business services provider's stock valued at $301,000 after buying an additional 262 shares during the last quarter. Swiss National Bank lifted its holdings in 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 worth $2,233,000 after acquiring an additional 500 shares during the period. Victory Capital Management Inc. boosted its position in Barrett Business Services by 1.0% in the fourth quarter. Victory Capital Management Inc. now owns 51,754 shares of the business services provider's stock worth $2,248,000 after purchasing an additional 530 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Barrett Business Services by 1.7% during the 3rd quarter. Franklin Resources Inc. now owns 42,790 shares of the business services provider's stock worth $1,590,000 after purchasing an additional 704 shares during the period. Finally, Hillsdale Investment Management Inc. boosted its holdings in shares of Barrett Business Services by 0.5% in the 4th quarter. Hillsdale Investment Management Inc. now owns 164,780 shares of the business services provider's stock worth $7,158,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 86.76% of the company's stock.

Barrett Business Services Price Performance

Shares of Barrett Business Services stock traded down $0.43 during trading hours on Wednesday, reaching $40.96. The company had a trading volume of 57,590 shares, compared to its average volume of 139,579. Barrett Business Services, Inc. has a one year low of $30.68 and a one year high of $44.97. The firm has a market cap of $1.05 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 1.21 and a beta of 1.02. The business has a fifty day simple moving average of $40.30 and a 200 day simple moving average of $41.35.

Barrett Business Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date was Friday, March 14th. Barrett Business Services's payout ratio is 16.08%.

Analysts Set New Price Targets

BBSI has been the topic of a number of research analyst reports. Barrington Research reiterated an "outperform" rating and issued a $45.00 target price on shares of Barrett Business Services in a research note on Tuesday. StockNews.com raised Barrett Business Services from a "hold" rating to a "buy" rating in a report on Friday, March 7th.

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.