PDT Partners LLC Acquires New Holdings in Barrett Business Services, Inc. (NASDAQ:BBSI)

PDT Partners LLC bought a new position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,694 shares of the business services provider's stock, valued at approximately $508,000.

Other hedge funds also recently made changes to their positions in the company. Mawer Investment Management Ltd. raised its holdings in Barrett Business Services by 15.1% in the 4th quarter. Mawer Investment Management Ltd. now owns 2,110,550 shares of the business services provider's stock valued at $91,682,000 after acquiring an additional 276,098 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Barrett Business Services by 272.7% during the fourth 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 last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Barrett Business Services by 19.3% in the 3rd 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 in the last quarter. Northern Trust Corp raised its holdings in shares of Barrett Business Services by 4.2% during the 4th quarter. Northern Trust Corp now owns 393,267 shares of the business services provider's stock worth $17,084,000 after buying an additional 15,900 shares in the last quarter. Finally, Tieton Capital Management LLC grew its position in 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 acquiring an additional 47,447 shares during the last quarter. 86.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on BBSI. Barrington Research reiterated an "outperform" rating and issued a $45.00 target price on shares of Barrett Business Services in a research report on Tuesday. StockNews.com upgraded Barrett Business Services from a "hold" rating to a "buy" rating in a report on Friday, March 7th.

Barrett Business Services Stock Down 0.6 %

NASDAQ BBSI traded down $0.26 during trading hours on Wednesday, reaching $41.12. 35,062 shares of the company were exchanged, compared to its average volume of 139,488. The stock has a market capitalization of $1.06 billion, a P/E ratio of 21.72, a P/E/G ratio of 1.21 and a beta of 1.02. Barrett Business Services, Inc. has a 1 year low of $30.68 and a 1 year high of $44.97. The business's 50 day simple moving average is $40.30 and its 200-day simple moving average is $41.35.

Barrett Business Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.78%. The ex-dividend date was Friday, March 14th. Barrett Business Services's dividend payout ratio (DPR) is 16.08%.

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.