4D Advisors LLC Has $4.12 Million Stake in Barrett Business Services, Inc. $BBSI

Key Points

• 4D Advisors LLC has decreased its stake in Barrett Business Services, owning 100,000 shares, which represents about 3.2% of its investment portfolio at a value of approximately $4.12 million.
• Barrett Business Services recently announced a quarterly dividend of $0.08 per share, with the ex-dividend date set for August 22nd, leading to an annualized dividend yield of 0.7%.
• The company reported quarterly earnings of $0.70 per share, exceeding analyst estimates, and showed a 10% year-over-year revenue growth, totaling $307.70 million for the quarter.

4D Advisors LLC trimmed its holdings in Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 20.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,000 shares of the business services provider's stock after selling 25,000 shares during the period. Barrett Business Services accounts for about 3.2% of 4D Advisors LLC's portfolio, making the stock its 13th biggest holding. 4D Advisors LLC owned approximately 0.39% of Barrett Business Services worth $4,115,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BBSI. Martingale Asset Management L P raised its stake in Barrett Business Services by 0.6% in the 1st quarter. Martingale Asset Management L P now owns 38,213 shares of the business services provider's stock valued at $1,572,000 after acquiring an additional 242 shares during the period. Two Sigma Advisers LP raised its position in shares of Barrett Business Services by 4.5% in the fourth quarter. Two Sigma Advisers LP now owns 6,900 shares of the business services provider's stock valued at $300,000 after purchasing an additional 300 shares during the period. SummerHaven Investment Management LLC boosted its holdings in shares of Barrett Business Services by 1.4% during the 1st quarter. SummerHaven Investment Management LLC now owns 23,827 shares of the business services provider's stock worth $980,000 after buying an additional 332 shares during the period. Perkins Coie Trust Co boosted its holdings in shares of Barrett Business Services by 10.0% during the 1st quarter. Perkins Coie Trust Co now owns 4,400 shares of the business services provider's stock worth $181,000 after buying an additional 400 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in Barrett Business Services by 26.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,309 shares of the business services provider's stock valued at $95,000 after buying an additional 482 shares during the last quarter. 86.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Anthony Meeker sold 7,380 shares of Barrett Business Services stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $42.14, for a total value of $310,993.20. Following the transaction, the director directly owned 55,504 shares of the company's stock, valued at $2,338,938.56. This trade represents a 11.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Thomas J. Carley sold 12,646 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $47.62, for a total value of $602,202.52. Following the sale, the director owned 94,692 shares of the company's stock, valued at $4,509,233.04. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 116,417 shares of company stock worth $5,496,361. 4.10% of the stock is owned by company insiders.

Barrett Business Services Price Performance

NASDAQ:BBSI traded down $1.03 during trading hours on Friday, reaching $48.14. 123,429 shares of the company were exchanged, compared to its average volume of 157,646. The business has a 50 day moving average of $45.63 and a 200 day moving average of $42.51. Barrett Business Services, Inc. has a 1-year low of $34.43 and a 1-year high of $49.65. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $1.24 billion, a P/E ratio of 23.71, a P/E/G ratio of 1.57 and a beta of 1.01.

Barrett Business Services (NASDAQ:BBSI - Get Free Report) last released its earnings results on Wednesday, August 6th. The business services provider reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.05. Barrett Business Services had a return on equity of 24.59% and a net margin of 4.49%.The firm had revenue of $307.70 million during the quarter, compared to the consensus estimate of $299.95 million. During the same period in the prior year, the company posted $0.62 EPS. The company's revenue was up 10.0% compared to the same quarter last year. Research analysts forecast that Barrett Business Services, Inc. will post 2 EPS for the current year.

Barrett Business Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, August 22nd. Barrett Business Services's dividend payout ratio (DPR) is currently 15.76%.

Analysts Set New Price Targets

BBSI has been the subject of several research reports. Barrington Research raised their price objective on shares of Barrett Business Services from $45.00 to $49.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Wall Street Zen upgraded Barrett Business Services from a "hold" rating to a "buy" rating in a research note on Sunday. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $47.00.

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.