Mackay Shields LLC grew its position in Barrett Business Services, Inc. (NASDAQ:BBSI) by 14.6% in the second quarter, HoldingsChannel.com reports. The firm owned 51,131 shares of the business services provider’s stock after acquiring an additional 6,500 shares during the period. Mackay Shields LLC’s holdings in Barrett Business Services were worth $4,937,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. bought a new position in shares of Barrett Business Services during the first quarter worth $226,000. Royal Bank of Canada boosted its position in shares of Barrett Business Services by 40,843.4% during the first quarter. Royal Bank of Canada now owns 21,700 shares of the business services provider’s stock worth $1,798,000 after acquiring an additional 21,647 shares during the last quarter. Intrinsic Edge Capital Management LLC bought a new position in shares of Barrett Business Services during the first quarter worth $2,842,000. AlphaMark Advisors LLC bought a new position in shares of Barrett Business Services during the second quarter worth $483,000. Finally, Deutsche Bank AG boosted its position in shares of Barrett Business Services by 11.8% during the fourth quarter. Deutsche Bank AG now owns 29,405 shares of the business services provider’s stock worth $1,894,000 after acquiring an additional 3,112 shares during the last quarter. Institutional investors and hedge funds own 78.20% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Barrett Business Services from a “sell” rating to a “hold” rating in a research report on Tuesday, July 3rd. BidaskClub lowered shares of Barrett Business Services from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Roth Capital dropped their target price on shares of Barrett Business Services from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, May 3rd. Finally, ValuEngine lowered shares of Barrett Business Services from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 4th.

Shares of NASDAQ:BBSI opened at $75.53 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.93 and a quick ratio of 0.93. Barrett Business Services, Inc. has a fifty-two week low of $48.11 and a fifty-two week high of $98.76. The firm has a market cap of $555.60 million, a P/E ratio of 22.68 and a beta of 0.81.

Barrett Business Services (NASDAQ:BBSI) last issued its earnings results on Tuesday, August 7th. The business services provider reported $1.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.72 by ($0.26). Barrett Business Services had a return on equity of 33.22% and a net margin of 2.91%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.42 billion. research analysts anticipate that Barrett Business Services, Inc. will post 4.27 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 7th. Investors of record on Friday, August 24th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, August 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.32%. Barrett Business Services’s dividend payout ratio is 30.03%.

Barrett Business Services Profile

Barrett Business Services, Inc provides business management solutions for small and medium-sized companies in the United States. The company has management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry.

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

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