Bridge City Capital LLC Has $3.62 Million Position in Barrett Business Services, Inc. (NASDAQ:BBSI)

Bridge City Capital LLC boosted its stake in Barrett Business Services, Inc. (NASDAQ:BBSI) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,269 shares of the business services provider’s stock after acquiring an additional 2,796 shares during the period. Bridge City Capital LLC owned 0.32% of Barrett Business Services worth $3,617,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BBSI. KLP Kapitalforvaltning AS bought a new stake in Barrett Business Services during the 4th quarter valued at $209,000. Hillsdale Investment Management Inc. raised its holdings in shares of 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 worth $7,158,000 after purchasing an additional 800 shares during the period. Harvest Fund Management Co. Ltd lifted its position in shares of Barrett Business Services by 165.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 10,596 shares of the business services provider’s stock valued at $459,000 after buying an additional 6,608 shares during the last quarter. Intech Investment Management LLC bought a new position in Barrett Business Services during the fourth quarter worth about $485,000. Finally, Thrivent Financial for Lutherans grew its stake in Barrett Business Services by 272.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,631,644 shares of the business services provider’s stock valued at $70,879,000 after buying an additional 1,193,839 shares in the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

Barrett Business Services Stock Down 0.4 %

Shares of Barrett Business Services stock opened at $40.82 on Friday. The stock’s 50-day simple moving average is $41.72 and its 200-day simple moving average is $40.47. Barrett Business Services, Inc. has a 52 week low of $28.42 and a 52 week high of $44.97. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 1.21 and a beta of 1.31.

Barrett Business Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.78%. Barrett Business Services’s payout ratio is 16.08%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BBSI. Barrington Research reaffirmed an “outperform” rating and issued a $45.00 price target on shares of Barrett Business Services in a report on Wednesday, March 12th. StockNews.com raised Barrett Business Services from a “hold” rating to a “buy” rating in a research note on Friday, March 7th.

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.