Tieton Capital Management LLC Purchases 47,447 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

Tieton Capital Management LLC lifted its position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 23.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 251,628 shares of the business services provider’s stock after acquiring an additional 47,447 shares during the quarter. Barrett Business Services accounts for approximately 4.4% of Tieton Capital Management LLC’s investment portfolio, making the stock its 6th biggest holding. Tieton Capital Management LLC owned approximately 0.97% of Barrett Business Services worth $10,931,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Barclays PLC boosted its position in Barrett Business Services by 42.9% during the third quarter. Barclays PLC now owns 61,332 shares of the business services provider’s stock worth $2,300,000 after purchasing an additional 18,414 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of 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 buying an additional 88,350 shares in the last quarter. Geode Capital Management LLC grew its stake in Barrett Business Services by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 705,598 shares of the business services provider’s stock valued at $26,471,000 after acquiring an additional 32,632 shares during the period. Principal Financial Group Inc. grew its stake in Barrett Business Services by 29.7% in the 3rd quarter. Principal Financial Group Inc. now owns 17,300 shares of the business services provider’s stock valued at $649,000 after acquiring an additional 3,960 shares during the period. Finally, Rhumbline Advisers grew its stake in Barrett Business Services by 19.9% in the 4th quarter. Rhumbline Advisers now owns 46,107 shares of the business services provider’s stock valued at $2,003,000 after acquiring an additional 7,653 shares during the period. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Barrett Business Services Stock Performance

Shares of BBSI stock opened at $40.82 on Monday. The stock’s fifty day moving average is $41.72 and its two-hundred day moving average is $40.51. The firm has a market capitalization of $1.05 billion, a P/E ratio of 21.54, a PEG ratio of 1.21 and a beta of 1.31. Barrett Business Services, Inc. has a fifty-two week low of $28.42 and a fifty-two week high of $44.97.

Barrett Business Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.08 dividend. 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 currently 16.08%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BBSI shares. StockNews.com raised shares of Barrett Business Services from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. 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, March 12th.

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.