Jacobs Levy Equity Management Inc. Has $6.53 Million Stock Holdings in Barrett Business Services, Inc. (NASDAQ:BBSI)

Jacobs Levy Equity Management Inc. trimmed its holdings in shares of Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 11.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,365 shares of the business services provider's stock after selling 18,781 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.58% of Barrett Business Services worth $6,532,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in BBSI. Prudent Man Investment Management Inc. bought a new stake in shares of Barrett Business Services in the 4th quarter valued at $35,000. KLP Kapitalforvaltning AS bought a new stake in shares of Barrett Business Services in the 4th quarter valued at $209,000. Longboard Asset Management LP bought a new stake in shares of Barrett Business Services in the 4th quarter valued at $217,000. Two Sigma Securities LLC bought a new stake in shares of Barrett Business Services in the 4th quarter valued at $218,000. Finally, Brevan Howard Capital Management LP boosted its stake in shares of Barrett Business Services by 10.8% in 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. 86.76% of the stock is owned by institutional investors.

Barrett Business Services Price Performance

Shares of Barrett Business Services stock traded up $0.07 during trading on Friday, reaching $42.42. 127,433 shares of the company traded hands, compared to its average volume of 142,291. Barrett Business Services, Inc. has a 1-year low of $30.68 and a 1-year high of $44.97. The company has a 50 day moving average price of $40.59 and a 200-day moving average price of $41.58. The firm has a market capitalization of $1.09 billion, a PE ratio of 22.39, a P/E/G ratio of 1.21 and a beta of 1.02.

Barrett Business Services (NASDAQ:BBSI - Get Free Report) last released 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. Barrett Business Services had a net margin of 4.55% and a return on equity of 25.28%. The company had revenue of $292.60 million for the quarter, compared to the consensus estimate of $285.91 million. During the same quarter in the previous year, the company earned ($0.01) EPS. Barrett Business Services's quarterly revenue was up 10.1% compared to the same quarter last year. Equities research analysts expect that Barrett Business Services, Inc. will post 2 earnings per share for the current year.

Barrett Business Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, May 23rd. This represents a $0.32 annualized dividend and a yield of 0.75%. Barrett Business Services's payout ratio is 16.41%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. StockNews.com lowered shares of Barrett Business Services from a "strong-buy" rating to a "hold" rating in a research note on Friday. Barrington Research reiterated an "outperform" rating and set a $45.00 target price 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.