Barrett Business Services, Inc. (NASDAQ:BBSI) Shares Bought by Chatham Capital Group Inc.

Chatham Capital Group Inc. raised its stake in shares of Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 104.0% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 58,055 shares of the business services provider's stock after buying an additional 29,600 shares during the period. Chatham Capital Group Inc. owned about 0.22% of Barrett Business Services worth $2,389,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Prudent Man Investment Management Inc. purchased a new position in Barrett Business Services during the fourth quarter valued at approximately $35,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Barrett Business Services during the 4th quarter worth approximately $209,000. Two Sigma Securities LLC purchased a new position in shares of Barrett Business Services during the 4th quarter valued at approximately $218,000. Brevan Howard Capital Management LP lifted its stake in shares of Barrett Business Services by 10.8% in the 4th quarter. Brevan Howard Capital Management LP now owns 6,773 shares of the business services provider's stock valued at $294,000 after purchasing an additional 660 shares during the period. Finally, First Trust Advisors LP acquired a new position in shares of Barrett Business Services in the 4th quarter valued at $298,000. Institutional investors and hedge funds own 86.76% of the company's stock.

Insider Buying and Selling

In related news, Director Thomas J. Carley sold 12,354 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $42.60, for a total transaction of $526,280.40. Following the completion of the sale, the director now directly owns 91,628 shares in the company, valued at approximately $3,903,352.80. The trade was a 11.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

BBSI has been the subject of a number of recent analyst reports. Barrington Research reaffirmed an "outperform" rating and issued a $45.00 price objective on shares of Barrett Business Services in a report on Tuesday, May 6th. Wall Street Zen cut Barrett Business Services from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 16th.

Barrett Business Services Stock Performance

Shares of NASDAQ:BBSI traded up $0.32 during midday trading on Friday, reaching $42.29. 90,071 shares of the company's stock traded hands, compared to its average volume of 140,806. The company has a fifty day simple moving average of $40.86 and a two-hundred day simple moving average of $41.75. Barrett Business Services, Inc. has a 1 year low of $31.77 and a 1 year high of $44.97. The company has a market cap of $1.09 billion, a P/E ratio of 22.32, a PEG ratio of 1.21 and a beta of 1.00.

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. Barrett Business Services had a net margin of 4.55% and a return on equity of 25.28%. The business had revenue of $292.60 million for the quarter, compared to the consensus estimate of $285.91 million. The company's revenue was up 10.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.01) earnings per share. As a group, research analysts forecast that Barrett Business Services, Inc. will post 2 EPS for the current fiscal year.

Barrett Business Services Announces Dividend

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. This represents a $0.32 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Friday, May 23rd. Barrett Business Services's payout ratio is 16.41%.

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.