Two Sigma Investments LP Takes Position in Barrett Business Services, Inc. (NASDAQ:BBSI)

Two Sigma Investments LP bought a new stake in Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,122 shares of the business services provider's stock, valued at approximately $353,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Mawer Investment Management Ltd. grew its holdings in shares of 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 purchasing an additional 276,098 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of 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 purchasing an additional 1,193,839 shares in the last quarter. Northern Trust Corp grew its holdings in shares of 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 purchasing an additional 15,900 shares in the last quarter. Tieton Capital Management LLC grew its holdings 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 valued at $10,931,000 after purchasing an additional 47,447 shares in the last quarter. Finally, Hillsdale Investment Management Inc. grew its holdings in shares of Barrett Business Services by 0.5% in 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 in the last quarter. 86.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BBSI has been the subject of several recent analyst reports. Barrington Research reaffirmed an "outperform" rating and set a $45.00 price objective on shares of Barrett Business Services in a research note on Tuesday, May 6th. 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.

Insider Activity

In other news, Director Anthony Meeker sold 7,380 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $42.14, for a total transaction of $310,993.20. Following the completion of the sale, the director now directly owns 55,504 shares of the company's stock, valued at approximately $2,338,938.56. The trade was a 11.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas J. Carley sold 12,354 shares of the business's stock in a transaction 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 sale, the director now directly owns 91,628 shares of the company's stock, valued at $3,903,352.80. This represents a 11.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.10% of the company's stock.

Barrett Business Services Stock Performance

NASDAQ BBSI traded up $0.43 on Thursday, hitting $41.96. 157,115 shares of the stock were exchanged, compared to its average volume of 140,604. The stock has a fifty day moving average price of $41.02 and a two-hundred day moving average price of $41.73. The firm has a market capitalization of $1.08 billion, a P/E ratio of 22.14, a P/E/G ratio of 1.21 and a beta of 1.01. 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 the consensus estimate of ($0.13) by $0.09. The company had revenue of $292.60 million during the quarter, compared to analyst estimates of $285.91 million. Barrett Business Services had a net margin of 4.55% and a return on equity of 25.28%. Barrett Business Services's quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.01) earnings per share. Sell-side analysts expect 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 was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Friday, May 23rd. Barrett Business Services's dividend payout ratio is currently 16.41%.

Barrett Business Services Company 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.