MGO One Seven LLC Takes Position in Barrett Business Services, Inc. (NASDAQ:BBSI)

MGO One Seven LLC purchased a new stake in shares of Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,039 shares of the business services provider's stock, valued at approximately $306,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BBSI. Thrivent Financial for Lutherans raised its stake in shares of Barrett Business Services by 272.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,631,644 shares of the business services provider's stock worth $70,879,000 after purchasing an additional 1,193,839 shares during the period. Mawer Investment Management Ltd. increased its stake in shares of Barrett Business Services by 15.1% during the 4th quarter. Mawer Investment Management Ltd. now owns 2,110,550 shares of the business services provider's stock worth $91,682,000 after purchasing an additional 276,098 shares during the last quarter. Norges Bank bought a new stake in shares of Barrett Business Services in the 4th quarter worth approximately $3,849,000. JPMorgan Chase & Co. lifted its stake in Barrett Business Services by 19.3% in the third quarter. JPMorgan Chase & Co. now owns 546,510 shares of the business services provider's stock valued at $20,500,000 after purchasing an additional 88,350 shares during the last quarter. Finally, Tieton Capital Management LLC grew its holdings in Barrett Business Services by 23.2% during 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 during the period. Hedge funds and other institutional investors own 86.76% of the company's stock.

Barrett Business Services Stock Performance

Shares of BBSI remained flat at $42.02 during trading hours on Monday. The stock had a trading volume of 17,258 shares, compared to its average volume of 130,390. The firm's 50 day simple moving average is $40.25 and its 200 day simple moving average is $41.32. The company has a market capitalization of $1.08 billion, a PE ratio of 22.17, a PEG ratio of 1.21 and a beta of 1.09. Barrett Business Services, Inc. has a 12-month low of $30.68 and a 12-month high of $44.97.

Barrett Business Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued 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, March 14th. Barrett Business Services's dividend payout ratio is currently 16.08%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BBSI. StockNews.com raised Barrett Business Services from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Barrington Research reiterated an "outperform" rating and set a $45.00 price objective on shares of Barrett Business Services in a research note on Wednesday, March 12th.

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.