Dimensional Fund Advisors LP Sells 44,181 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

Dimensional Fund Advisors LP lowered its position in Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 784,276 shares of the business services provider's stock after selling 44,181 shares during the period. Dimensional Fund Advisors LP owned 3.02% of Barrett Business Services worth $34,069,000 as of its most recent SEC filing.

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

Barrett Business Services Stock Up 0.1 %

BBSI stock traded up $0.03 during trading on Friday, reaching $40.45. The stock had a trading volume of 139,509 shares, compared to its average volume of 140,665. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 21.35, a P/E/G ratio of 1.21 and a beta of 1.02. Barrett Business Services, Inc. has a one year low of $30.68 and a one year high of $44.97. The company's 50 day moving average is $40.35 and its two-hundred day moving average is $41.43.

Barrett Business Services (NASDAQ:BBSI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The business services provider reported ($0.04) EPS for the quarter, beating analysts' consensus estimates of ($0.13) by $0.09. The company had revenue of $292.60 million during 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%. Barrett Business Services's revenue was up 10.1% on a year-over-year basis. During the same period last year, the business posted ($0.01) earnings per share. As a group, research analysts predict that Barrett Business Services, Inc. will post 2 earnings per share for the current fiscal year.

Barrett Business Services Announces Dividend

The business also recently declared 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. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Friday, May 23rd. Barrett Business Services's dividend payout ratio (DPR) is currently 16.08%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Barrington Research reaffirmed an "outperform" rating and issued a $45.00 price target on shares of Barrett Business Services in a research report on Tuesday. StockNews.com upgraded Barrett Business Services from a "buy" rating to a "strong-buy" rating in a report on Thursday.

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.