7,216 Shares in Barrett Business Services, Inc. (NASDAQ:BBSI) Acquired by ProShare Advisors LLC

ProShare Advisors LLC acquired a new stake in Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 7,216 shares of the business services provider's stock, valued at approximately $313,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Barrett Business Services by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,586 shares of the business services provider's stock valued at $634,000 after acquiring an additional 509 shares during the period. Lazard Asset Management LLC lifted its position in shares of Barrett Business Services by 59.0% during the 4th quarter. Lazard Asset Management LLC now owns 71,762 shares of the business services provider's stock valued at $3,117,000 after acquiring an additional 26,637 shares during the period. Deutsche Bank AG lifted its position in shares of Barrett Business Services by 43.3% during the 4th quarter. Deutsche Bank AG now owns 27,831 shares of the business services provider's stock valued at $1,209,000 after acquiring an additional 8,403 shares during the period. Brevan Howard Capital Management LP lifted its position in shares of Barrett Business Services by 10.8% during 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 acquiring an additional 660 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of Barrett Business Services by 1.5% during the 4th quarter. Bank of America Corp DE now owns 78,617 shares of the business services provider's stock valued at $3,415,000 after acquiring an additional 1,177 shares during the period. 86.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Barrett Business Services

In other news, Director Thomas J. Carley sold 12,354 shares of the stock in a transaction dated 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 sale, the director now owns 91,628 shares of the company's stock, valued at approximately $3,903,352.80. This represents a 11.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.70% of the company's stock.

Barrett Business Services Price Performance

Shares of BBSI stock traded down $0.38 on Friday, hitting $41.39. 240,038 shares of the company's stock were exchanged, compared to its average volume of 141,951. The stock has a market cap of $1.06 billion, a P/E ratio of 21.84, a price-to-earnings-growth ratio of 1.21 and a beta of 1.02. Barrett Business Services, Inc. has a 12 month low of $31.77 and a 12 month high of $44.97. The company has a 50 day moving average of $40.84 and a 200 day moving average of $41.74.

Barrett Business Services (NASDAQ:BBSI - Get Free Report) last posted its earnings results 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. 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 return on equity of 25.28% and a net margin of 4.55%. The business's quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the company earned ($0.01) earnings per share. Sell-side 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 announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $0.32 annualized dividend and a yield of 0.77%. Barrett Business Services's dividend payout ratio is presently 16.41%.

Analysts Set New Price Targets

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

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.