Barrett Business Services, Inc. (NASDAQ:BBSI) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC cut its holdings in Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 319,735 shares of the business services provider's stock after selling 6,587 shares during the quarter. Nuveen Asset Management LLC owned approximately 1.23% of Barrett Business Services worth $13,889,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Thrivent Financial for Lutherans grew its position 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 during the last quarter. Mawer Investment Management Ltd. lifted 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 acquiring an additional 276,098 shares during the period. 4D Advisors LLC bought a new position in Barrett Business Services during the 4th quarter valued at about $5,430,000. Norges Bank bought a new position in shares of Barrett Business Services in the 4th quarter worth approximately $3,849,000. Finally, Tieton Capital Management LLC lifted its stake in shares of Barrett Business Services by 23.2% in the 4th quarter. Tieton Capital Management LLC now owns 251,628 shares of the business services provider's stock worth $10,931,000 after purchasing an additional 47,447 shares during the period. 86.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Thomas J. Carley sold 12,354 shares of the stock in a transaction 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.70% of the company's stock.

Wall Street Analysts Forecast Growth

BBSI has been the topic of a number of recent analyst reports. Wall Street Zen cut 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 set a $45.00 target price on shares of Barrett Business Services in a research report on Tuesday, May 6th.

Barrett Business Services Stock Down 0.9%

Shares of BBSI stock traded down $0.38 during trading hours on Friday, hitting $41.39. 240,038 shares of the company's stock were exchanged, compared to its average volume of 141,951. The firm has a 50 day moving average of $40.84 and a two-hundred day moving average of $41.74. Barrett Business Services, Inc. has a fifty-two week low of $31.77 and a fifty-two week high of $44.97. The firm has a market cap of $1.06 billion, a P/E ratio of 21.84, a P/E/G ratio of 1.21 and a beta of 1.02.

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) EPS 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 the consensus estimate of $285.91 million. During the same period in the prior year, the company earned ($0.01) EPS. The firm's revenue was up 10.1% compared to the same quarter last year. On average, equities analysts forecast that Barrett Business Services, Inc. will post 2 earnings per share for the current fiscal year.

Barrett Business Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Friday, May 23rd. Barrett Business Services's dividend payout ratio (DPR) is presently 16.41%.

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.