15,679 Shares in Barrett Business Services, Inc. (NASDAQ:BBSI) Acquired by Dakota Wealth Management

Dakota Wealth Management bought a new stake in Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund bought 15,679 shares of the business services provider's stock, valued at approximately $645,000. Dakota Wealth Management owned 0.06% of Barrett Business Services at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BBSI. Thrivent Financial for Lutherans lifted its holdings in Barrett Business Services by 272.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,631,644 shares of the business services provider's stock valued at $70,879,000 after purchasing an additional 1,193,839 shares in the last quarter. Mawer Investment Management Ltd. lifted its stake in shares of Barrett Business Services by 15.1% in the fourth quarter. Mawer Investment Management Ltd. now owns 2,110,550 shares of the business services provider's stock worth $91,682,000 after buying an additional 276,098 shares in the last quarter. 4D Advisors LLC purchased a new position in shares of Barrett Business Services in the fourth quarter worth about $5,430,000. Norges Bank purchased a new position in shares of Barrett Business Services in the fourth quarter worth about $3,849,000. Finally, Tieton Capital Management LLC lifted its stake in shares of Barrett Business Services by 23.2% in the fourth quarter. Tieton Capital Management LLC now owns 251,628 shares of the business services provider's stock worth $10,931,000 after buying an additional 47,447 shares in the last quarter. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Barrett Business Services Stock Down 0.0%

Barrett Business Services stock traded down $0.02 during trading on Friday, reaching $43.63. The stock had a trading volume of 128,139 shares, compared to its average volume of 137,719. Barrett Business Services, Inc. has a 52-week low of $31.77 and a 52-week high of $44.97. The business has a 50 day moving average price of $42.09 and a 200 day moving average price of $41.55. The stock has a market cap of $1.12 billion, a PE ratio of 22.37, a P/E/G ratio of 1.48 and a beta of 0.99.

Barrett Business Services (NASDAQ:BBSI - Get Free Report) last issued its earnings results 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 4.45% and a return on equity of 24.55%. The business had revenue of $292.60 million during the quarter, compared to analysts' expectations of $285.91 million. During the same quarter in the prior year, the business posted ($0.01) EPS. The company's revenue for the quarter was up 10.1% on a year-over-year basis. On average, equities analysts predict 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 was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $0.32 annualized dividend and a yield of 0.73%. Barrett Business Services's dividend payout ratio is currently 16.41%.

Insider Buying and Selling at Barrett Business Services

In other Barrett Business Services news, Director Thomas J. Carley sold 12,354 shares of the business's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $42.60, for a total value of $526,280.40. Following the transaction, the director directly owned 91,628 shares of the company's stock, valued at approximately $3,903,352.80. The trade was a 11.88% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Anthony Meeker sold 7,380 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $42.14, for a total transaction of $310,993.20. Following the transaction, the director directly owned 55,504 shares in the company, valued at approximately $2,338,938.56. This trade represents a 11.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,061 shares of company stock valued at $1,406,470. 4.10% of the stock is owned by company insiders.

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.