Alpine Peaks Capital LP Reduces Stock Position in Barrett Business Services, Inc. (NASDAQ:BBSI)

Alpine Peaks Capital LP lowered its stake in shares of Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 11.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 126,852 shares of the business services provider's stock after selling 16,500 shares during the period. Barrett Business Services accounts for approximately 4.5% of Alpine Peaks Capital LP's portfolio, making the stock its 11th largest holding. Alpine Peaks Capital LP owned 0.49% of Barrett Business Services worth $5,510,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in BBSI. MGO One Seven LLC bought a new position in Barrett Business Services in the 4th quarter worth about $306,000. Price T Rowe Associates Inc. MD boosted its position in shares of Barrett Business Services by 11.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 85,243 shares of the business services provider's stock valued at $3,704,000 after acquiring an additional 8,925 shares during the period. MetLife Investment Management LLC grew its stake in Barrett Business Services by 9.2% during the fourth quarter. MetLife Investment Management LLC now owns 15,923 shares of the business services provider's stock valued at $692,000 after acquiring an additional 1,347 shares in the last quarter. First Trust Advisors LP bought a new stake in Barrett Business Services during the 4th quarter worth approximately $298,000. Finally, XTX Topco Ltd bought a new stake in Barrett Business Services during the 4th quarter worth approximately $646,000. 86.76% of the stock is owned by institutional investors.

Barrett Business Services Stock Performance

NASDAQ:BBSI traded down $0.14 during mid-day trading on Tuesday, reaching $40.63. The stock had a trading volume of 36,721 shares, compared to its average volume of 127,684. Barrett Business Services, Inc. has a one year low of $28.42 and a one year high of $44.97. The firm has a 50 day moving average price of $40.20 and a two-hundred day moving average price of $41.22. The stock has a market capitalization of $1.04 billion, a P/E ratio of 21.44, a P/E/G ratio of 1.21 and a beta of 1.09.

Barrett Business Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Friday, March 14th. Barrett Business Services's dividend payout ratio is presently 16.08%.

Analyst Upgrades and Downgrades

BBSI has been the topic of several research analyst reports. Barrington Research reaffirmed an "outperform" rating and issued a $45.00 price target on shares of Barrett Business Services in a report on Wednesday, March 12th. StockNews.com upgraded shares of Barrett Business Services from a "hold" rating to a "buy" rating in a research report on Friday, March 7th.

About Barrett Business Services

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.