Two Sigma Investments LP Buys New Holdings in Barrett Business Services, Inc. (NASDAQ:BBSI)

Two Sigma Investments LP acquired a new position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 8,122 shares of the business services provider's stock, valued at approximately $353,000.

Other large investors also recently made changes to their positions in the company. Prudent Man Investment Management Inc. bought a new stake in shares of Barrett Business Services in the 4th quarter worth approximately $35,000. KLP Kapitalforvaltning AS bought a new position in shares of Barrett Business Services in the 4th quarter valued at approximately $209,000. Two Sigma Securities LLC bought a new stake in Barrett Business Services during the fourth quarter valued at about $218,000. Brevan Howard Capital Management LP raised its stake in 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 purchasing an additional 660 shares during the last quarter. Finally, First Trust Advisors LP acquired a new stake in shares of Barrett Business Services during the 4th quarter worth approximately $298,000. Institutional investors and hedge funds own 86.76% of the company's stock.

Insider Buying and Selling at Barrett Business Services

In related news, Director Anthony Meeker sold 7,380 shares of Barrett Business Services stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $42.14, for a total value of $310,993.20. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 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 disclosure for this sale can be found here. Company insiders own 4.10% of the company's stock.

Barrett Business Services Stock Performance

Shares of BBSI stock traded down $0.67 during midday trading on Friday, hitting $41.29. 271,402 shares of the company were exchanged, compared to its average volume of 140,550. The firm has a market capitalization of $1.06 billion, a P/E ratio of 21.79, a PEG ratio of 1.21 and a beta of 1.01. The firm's 50 day moving average price is $41.08 and its two-hundred day moving average price is $41.71. Barrett Business Services, Inc. has a 52 week low of $31.77 and a 52 week 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) EPS for the quarter, topping analysts' consensus estimates of ($0.13) by $0.09. The firm had revenue of $292.60 million for the quarter, compared to analyst estimates of $285.91 million. Barrett Business Services had a return on equity of 25.28% and a net margin of 4.55%. The company's revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.01) EPS. Analysts expect that Barrett Business Services, Inc. will post 2 EPS for the current year.

Barrett Business Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Friday, May 23rd. Barrett Business Services's dividend payout ratio is presently 16.41%.

Wall Street Analyst Weigh In

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

Barrett Business Services 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.