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

Chatham Capital Group Inc. lifted its position in Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 104.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 58,055 shares of the business services provider's stock after buying an additional 29,600 shares during the quarter. Chatham Capital Group Inc. owned approximately 0.22% of Barrett Business Services worth $2,389,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BBSI. Barclays PLC boosted its position in shares of Barrett Business Services by 42.9% in the 3rd quarter. Barclays PLC now owns 61,332 shares of the business services provider's stock valued at $2,300,000 after purchasing an additional 18,414 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Barrett Business Services in the 4th quarter valued at about $481,000. Rhumbline Advisers boosted its position in shares of Barrett Business Services by 19.9% in the 4th quarter. Rhumbline Advisers now owns 46,107 shares of the business services provider's stock valued at $2,003,000 after purchasing an additional 7,653 shares during the period. Principal Financial Group Inc. raised its stake in Barrett Business Services by 9.9% during the 4th quarter. Principal Financial Group Inc. now owns 19,018 shares of the business services provider's stock valued at $826,000 after acquiring an additional 1,718 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in Barrett Business Services by 1.0% during the 4th quarter. Victory Capital Management Inc. now owns 51,754 shares of the business services provider's stock valued at $2,248,000 after acquiring an additional 530 shares during the last quarter. Hedge funds and other institutional investors own 86.76% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Barrington Research reaffirmed an "outperform" rating and issued a $45.00 price objective on shares of Barrett Business Services in a research note on Tuesday, May 6th. Wall Street Zen cut Barrett Business Services from a "strong-buy" rating to a "hold" rating in a report on Friday, May 16th.

Barrett Business Services Trading Up 0.8%

Shares of BBSI traded up $0.32 during midday trading on Friday, reaching $42.29. 90,071 shares of the company were exchanged, compared to its average volume of 140,778. The stock has a 50-day moving average price of $40.87 and a 200-day moving average price of $41.74. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 22.32, a P/E/G ratio of 1.21 and a beta of 1.00. Barrett Business Services, Inc. has a 1-year low of $31.77 and a 1-year high of $44.97.

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

Barrett Business Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Friday, May 23rd. Barrett Business Services's dividend payout ratio (DPR) is 16.41%.

Insider Buying and Selling

In related news, Director Thomas J. Carley sold 12,354 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $42.60, for a total value of $526,280.40. Following the completion of the transaction, the director now directly owns 91,628 shares of the company's stock, valued at $3,903,352.80. This represents a 11.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.70% of the company's stock.

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.