Willner & Heller LLC Sells 1,182 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

Willner & Heller LLC reduced its stake in Barrett Business Services, Inc. (NASDAQ:BBSI) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,529 shares of the business services provider’s stock after selling 1,182 shares during the period. Barrett Business Services accounts for 1.4% of Willner & Heller LLC’s holdings, making the stock its 13th biggest holding. Willner & Heller LLC owned about 0.14% of Barrett Business Services worth $1,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in Barrett Business Services by 19.3% during 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. Principal Financial Group Inc. grew its position in Barrett Business Services by 29.7% during the third quarter. Principal Financial Group Inc. now owns 17,300 shares of the business services provider’s stock valued at $649,000 after buying an additional 3,960 shares during the period. Franklin Resources Inc. grew its position in Barrett Business Services by 1.7% during the third quarter. Franklin Resources Inc. now owns 42,790 shares of the business services provider’s stock valued at $1,590,000 after buying an additional 704 shares during the period. Tidal Investments LLC purchased a new position in Barrett Business Services during the third quarter valued at $349,000. Finally, Westside Investment Management Inc. purchased a new position in Barrett Business Services during the third quarter valued at $34,000. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BBSI. Barrington Research reissued an “outperform” rating and issued a $45.00 price target on shares of Barrett Business Services in a research note on Wednesday, December 11th. Roth Mkm lifted their price target on shares of Barrett Business Services from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, StockNews.com upgraded shares of Barrett Business Services from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th.

Insider Transactions at Barrett Business Services

In other news, Director Thomas B. Cusick sold 3,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $43.41, for a total transaction of $130,230.00. Following the transaction, the director now directly owns 27,776 shares in the company, valued at $1,205,756.16. This represents a 9.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas J. Carley sold 4,584 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $41.24, for a total transaction of $189,044.16. Following the completion of the transaction, the director now owns 91,628 shares in the company, valued at $3,778,738.72. The trade was a 4.76 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

Barrett Business Services Stock Performance

Shares of BBSI opened at $43.86 on Monday. The stock has a market capitalization of $1.14 billion, a P/E ratio of 23.15, a P/E/G ratio of 1.25 and a beta of 1.42. The company’s fifty day moving average is $42.87 and its two-hundred day moving average is $38.39. Barrett Business Services, Inc. has a 1 year low of $27.06 and a 1 year high of $44.97.

Barrett Business Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were paid a dividend of $0.08 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.73%. Barrett Business Services’s dividend payout ratio (DPR) is presently 16.93%.

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.