GAMMA Investing LLC Increases Holdings in Barrett Business Services, Inc. (NASDAQ:BBSI)

GAMMA Investing LLC raised its position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 5,807.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,934 shares of the business services provider's stock after purchasing an additional 11,732 shares during the quarter. GAMMA Investing LLC's holdings in Barrett Business Services were worth $491,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of BBSI. Thrivent Financial for Lutherans increased its stake in Barrett Business Services by 272.7% during the 4th 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. increased its stake in Barrett Business Services by 15.1% during the 4th quarter. Mawer Investment Management Ltd. now owns 2,110,550 shares of the business services provider's stock valued at $91,682,000 after purchasing an additional 276,098 shares in the last quarter. 4D Advisors LLC bought a new stake in Barrett Business Services during the 4th quarter valued at about $5,430,000. Norges Bank bought a new stake in Barrett Business Services during the 4th quarter valued at about $3,849,000. Finally, Tieton Capital Management LLC grew 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 acquiring an additional 47,447 shares during the period. 86.76% of the stock is currently owned by institutional investors.

Barrett Business Services Stock Performance

Shares of BBSI stock traded up $1.10 during trading hours on Monday, reaching $41.96. The company had a trading volume of 138,592 shares, compared to its average volume of 139,361. The firm has a market cap of $1.08 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 1.39 and a beta of 1.01. The business has a fifty day moving average price of $41.31 and a 200-day moving average price of $41.61. Barrett Business Services, Inc. has a one year low of $31.77 and a one year high of $44.97.

Barrett Business Services (NASDAQ:BBSI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.13) by $0.09. The firm had revenue of $292.60 million during the quarter, compared to the consensus estimate of $285.91 million. Barrett Business Services had a net margin of 4.45% and a return on equity of 24.55%. The company's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.01) EPS. Equities 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, June 6th. Investors of record on Friday, May 23rd were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.76%. The ex-dividend date was Friday, May 23rd. Barrett Business Services's dividend payout ratio is currently 16.41%.

Analysts Set New Price Targets

A number of brokerages have recently commented on BBSI. Wall Street Zen lowered shares of Barrett Business Services from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 16th. Barrington Research reiterated an "outperform" rating and issued a $45.00 price target on shares of Barrett Business Services in a research note on Tuesday, May 6th.

Insider Buying and Selling

In other news, Director Thomas J. Carley sold 12,354 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $42.60, for a total transaction of $526,280.40. Following the sale, the director now directly owns 91,628 shares in the company, valued at approximately $3,903,352.80. This represents a 11.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony Meeker sold 7,380 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $42.14, for a total transaction of $310,993.20. Following the sale, the director now owns 55,504 shares in the company, valued at $2,338,938.56. This represents a 11.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.10% of the stock is currently owned by insiders.

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.