Algert Global LLC purchased a new stake in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 12,271 shares of the business services provider’s stock, valued at approximately $694,000. Algert Global LLC owned about 0.17% of Barrett Business Services at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Barrett Business Services during the 3rd quarter valued at about $245,000. Alliancebernstein L.P. acquired a new stake in shares of Barrett Business Services during the 2nd quarter valued at about $258,000. Voya Investment Management LLC lifted its holdings in shares of Barrett Business Services by 12.0% during the 2nd quarter. Voya Investment Management LLC now owns 4,673 shares of the business services provider’s stock valued at $268,000 after buying an additional 501 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Barrett Business Services by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,737 shares of the business services provider’s stock valued at $329,000 after buying an additional 166 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of Barrett Business Services by 1,933.3% during the 3rd quarter. Bessemer Group Inc. now owns 6,100 shares of the business services provider’s stock valued at $345,000 after buying an additional 5,800 shares during the last quarter. Institutional investors and hedge funds own 77.15% of the company’s stock.

Barrett Business Services, Inc. (NASDAQ:BBSI) opened at $68.21 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.05. Barrett Business Services, Inc. has a one year low of $44.52 and a one year high of $69.32. The firm has a market capitalization of $497.96, a P/E ratio of 21.86 and a beta of 1.50.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 24th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Wednesday, November 22nd. Barrett Business Services’s payout ratio is 33.78%.

Separately, ValuEngine downgraded Barrett Business Services from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th.

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About Barrett Business Services

Barrett Business Services, Inc (BBSI) is a provider of business management solutions for small and mid-sized companies. The Company has developed a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry.

Institutional Ownership by Quarter for Barrett Business Services (NASDAQ:BBSI)

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