Barrett Business Services, Inc. (NASDAQ:BBSI) Stock Position Decreased by Private Capital Management LLC

Private Capital Management LLC lessened its position in Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,153,734 shares of the business services provider's stock after selling 19,165 shares during the quarter. Barrett Business Services comprises 5.3% of Private Capital Management LLC's holdings, making the stock its 3rd largest position. Private Capital Management LLC owned 4.45% of Barrett Business Services worth $50,118,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Prudent Man Investment Management Inc. purchased a new position in Barrett Business Services during the fourth quarter worth approximately $35,000. KLP Kapitalforvaltning AS purchased a new position in Barrett Business Services during the fourth quarter worth approximately $209,000. Longboard Asset Management LP purchased a new position in Barrett Business Services during the fourth quarter worth approximately $217,000. Two Sigma Securities LLC purchased a new position in Barrett Business Services during the fourth quarter worth approximately $218,000. Finally, Brevan Howard Capital Management LP lifted its position in Barrett Business Services by 10.8% during the fourth quarter. Brevan Howard Capital Management LP now owns 6,773 shares of the business services provider's stock worth $294,000 after buying an additional 660 shares in the last quarter. Hedge funds and other institutional investors own 86.76% of the company's stock.

Barrett Business Services Stock Down 0.3%

NASDAQ:BBSI opened at $41.59 on Thursday. Barrett Business Services, Inc. has a 52 week low of $30.68 and a 52 week high of $44.97. The company has a market capitalization of $1.07 billion, a P/E ratio of 21.95, a P/E/G ratio of 1.21 and a beta of 1.02. The stock's fifty day moving average is $40.47 and its two-hundred day moving average is $41.50.

Barrett Business Services (NASDAQ:BBSI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.09. The firm had revenue of $292.60 million for the quarter, compared to the consensus estimate of $285.91 million. Barrett Business Services had a return on equity of 25.28% and a net margin of 4.55%. The company's quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.01) EPS. Sell-side analysts anticipate that Barrett Business Services, Inc. will post 2 earnings per share for the current fiscal year.

Barrett Business Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be issued a $0.08 dividend. The ex-dividend date is Friday, May 23rd. This represents a $0.32 annualized dividend and a dividend yield of 0.77%. Barrett Business Services's dividend payout ratio is presently 16.41%.

Analyst Upgrades and Downgrades

BBSI has been the topic of a number of research analyst reports. StockNews.com upgraded Barrett Business Services from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 8th. Barrington Research restated an "outperform" rating and issued a $45.00 target price on shares of Barrett Business Services in a research report on Tuesday, May 6th.

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.

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