Spark Investment Management LLC maintained its position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,700 shares of the business services provider’s stock at the end of the second quarter. Spark Investment Management LLC’s holdings in Barrett Business Services were worth $1,243,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. James Investment Research Inc. raised its position in shares of Barrett Business Services by 0.4% in the first quarter. James Investment Research Inc. now owns 32,250 shares of the business services provider’s stock worth $1,761,000 after buying an additional 120 shares in the last quarter. American International Group Inc. raised its position in shares of Barrett Business Services by 7.1% in the first quarter. American International Group Inc. now owns 4,347 shares of the business services provider’s stock worth $237,000 after buying an additional 290 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Barrett Business Services by 10.6% in the first quarter. PNC Financial Services Group Inc. now owns 7,918 shares of the business services provider’s stock worth $433,000 after buying an additional 761 shares in the last quarter. Morgan Stanley raised its position in shares of Barrett Business Services by 1.5% in the first quarter. Morgan Stanley now owns 75,410 shares of the business services provider’s stock worth $4,119,000 after buying an additional 1,091 shares in the last quarter. Finally, Strs Ohio raised its position in shares of Barrett Business Services by 10.4% in the first quarter. Strs Ohio now owns 12,700 shares of the business services provider’s stock worth $693,000 after buying an additional 1,200 shares in the last quarter. 72.79% of the stock is owned by institutional investors and hedge funds.

Barrett Business Services, Inc. (NASDAQ BBSI) opened at 48.27 on Thursday. The firm has a market cap of $350.01 million, a price-to-earnings ratio of 22.89 and a beta of 1.34. Barrett Business Services, Inc. has a 12 month low of $41.99 and a 12 month high of $66.93. The stock’s 50 day moving average is $56.34 and its 200-day moving average is $57.57.

Barrett Business Services (NASDAQ:BBSI) last announced its earnings results on Tuesday, August 8th. The business services provider reported $1.47 EPS for the quarter. The business had revenue of $1.30 billion during the quarter. Barrett Business Services had a net margin of 2.06% and a return on equity of 34.17%. On average, analysts anticipate that Barrett Business Services, Inc. will post $3.43 earnings per share for the current fiscal year.

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Separately, BidaskClub lowered shares of Barrett Business Services from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd.

In other Barrett Business Services news, Director Anthony Meeker sold 1,000 shares of Barrett Business Services stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $58.11, for a total value of $58,110.00. Following the completion of the sale, the director now owns 11,473 shares in the company, valued at approximately $666,696.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.00% of the company’s stock.

Barrett Business Services Company Profile

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.

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

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