Barrett Business Services, Inc. (NASDAQ:BBSI) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 38.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 67,727 shares of the business services provider's stock after purchasing an additional 18,900 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.26% of Barrett Business Services worth $2,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Inceptionr LLC raised its stake in shares of Barrett Business Services by 3.9% during the 4th quarter. Inceptionr LLC now owns 6,939 shares of the business services provider's stock valued at $301,000 after buying an additional 262 shares during the last quarter. Two Sigma Advisers LP raised its position in Barrett Business Services by 4.5% during the fourth quarter. Two Sigma Advisers LP now owns 6,900 shares of the business services provider's stock valued at $300,000 after acquiring an additional 300 shares in the last quarter. Swiss National Bank raised its position in Barrett Business Services by 1.0% during the fourth quarter. Swiss National Bank now owns 51,400 shares of the business services provider's stock valued at $2,233,000 after acquiring an additional 500 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Barrett Business Services by 3.6% in the fourth 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. Finally, Victory Capital Management Inc. boosted its position in Barrett Business Services by 1.0% in the 4th quarter. Victory Capital Management Inc. now owns 51,754 shares of the business services provider's stock worth $2,248,000 after purchasing an additional 530 shares in the last quarter. 86.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BBSI. 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 issued a $45.00 price objective on shares of Barrett Business Services in a research report on Tuesday, May 6th.

Insider Transactions at Barrett Business Services

In related news, Director Thomas J. Carley sold 12,354 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $42.60, for a total value of $526,280.40. Following the transaction, the director now directly 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.70% of the company's stock.

Barrett Business Services Trading Down 0.4%

BBSI traded down $0.19 during trading on Monday, hitting $42.10. The company's stock had a trading volume of 90,177 shares, compared to its average volume of 140,576. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 22.22, a P/E/G ratio of 1.21 and a beta of 1.00. Barrett Business Services, Inc. has a twelve month low of $31.77 and a twelve month high of $44.97. The business's fifty day simple moving average is $40.87 and its 200 day simple moving average is $41.74.

Barrett Business Services (NASDAQ:BBSI - Get Free Report) last announced its earnings results 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 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 business's revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.01) EPS. As a group, equities research 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 was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $0.32 annualized dividend and a dividend yield of 0.76%. Barrett Business Services's dividend payout ratio (DPR) is 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.