Barrett Business Services, Inc. (NASDAQ:BBSI) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its stake in Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 19.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,020 shares of the business services provider's stock after selling 9,087 shares during the period. Rhumbline Advisers owned approximately 0.14% of Barrett Business Services worth $1,523,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Mawer Investment Management Ltd. raised its holdings in 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 valued at $91,682,000 after buying an additional 276,098 shares during the period. Thrivent Financial for Lutherans raised its holdings in Barrett Business Services by 272.7% in 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 buying an additional 1,193,839 shares during the period. Northern Trust Corp raised its holdings in Barrett Business Services by 4.2% in the fourth quarter. Northern Trust Corp now owns 393,267 shares of the business services provider's stock valued at $17,084,000 after buying an additional 15,900 shares during the period. Tieton Capital Management LLC raised its holdings in 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 valued at $10,931,000 after buying an additional 47,447 shares during the period. Finally, Hillsdale Investment Management Inc. raised its stake in shares of Barrett Business Services by 0.5% during the fourth quarter. Hillsdale Investment Management Inc. now owns 164,780 shares of the business services provider's stock valued at $7,158,000 after purchasing an additional 800 shares during the period. 86.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Barrett Business Services

In other news, Director Thomas J. Carley sold 12,354 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $42.60, for a total transaction 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 trade represents a 11.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anthony Meeker sold 7,380 shares of the firm's stock in a transaction that occurred 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 sale, the director now directly owns 55,504 shares of the company's stock, valued at $2,338,938.56. The trade was a 11.74% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.10% of the company's stock.

Barrett Business Services Stock Down 1.3%

Shares of BBSI traded down $0.55 during mid-day trading on Friday, reaching $40.86. 220,529 shares of the stock traded hands, compared to its average volume of 139,364. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 20.95, a P/E/G ratio of 1.39 and a beta of 1.00. The stock has a fifty day simple moving average of $41.27 and a 200 day simple moving average of $41.63. Barrett Business Services, Inc. has a 12-month low of $31.77 and a 12-month high of $44.97.

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) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.13) by $0.09. The company had revenue of $292.60 million for the quarter, compared to analyst estimates of $285.91 million. Barrett Business Services had a net margin of 4.45% and a return on equity of 24.55%. The business's quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.01) earnings per share. On average, equities research analysts expect that Barrett Business Services, Inc. will post 2 earnings per share for the current fiscal year.

Barrett Business Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date was Friday, May 23rd. Barrett Business Services's payout ratio is currently 16.41%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. 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 set a $45.00 price objective on shares of Barrett Business Services in a research note 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.