PDT Partners LLC Acquires Shares of 11,694 Barrett Business Services, Inc. (NASDAQ:BBSI)

PDT Partners LLC acquired a new position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 11,694 shares of the business services provider's stock, valued at approximately $508,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Inceptionr LLC grew its stake in Barrett Business Services by 3.9% during the 4th quarter. Inceptionr LLC now owns 6,939 shares of the business services provider's stock worth $301,000 after buying an additional 262 shares during the last quarter. Swiss National Bank grew its position in shares of 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 worth $2,233,000 after acquiring an additional 500 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Barrett Business Services by 1.0% during the fourth quarter. Victory Capital Management Inc. now owns 51,754 shares of the business services provider's stock worth $2,248,000 after acquiring an additional 530 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Barrett Business Services by 1.7% in the 3rd quarter. Franklin Resources Inc. now owns 42,790 shares of the business services provider's stock valued at $1,590,000 after acquiring an additional 704 shares during the period. Finally, Hillsdale Investment Management Inc. raised its position in Barrett Business Services by 0.5% in the 4th 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 during the last quarter. Institutional investors and hedge funds own 86.76% of the company's stock.

Analyst Ratings Changes

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

Barrett Business Services Price Performance

NASDAQ:BBSI opened at $40.78 on Friday. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 21.52, a price-to-earnings-growth ratio of 1.21 and a beta of 1.09. The firm's fifty day moving average price is $40.22 and its 200 day moving average price is $41.24. Barrett Business Services, Inc. has a 1-year low of $28.42 and a 1-year high of $44.97.

Barrett Business Services Dividend Announcement

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.