Pacific Ridge Capital Partners LLC lowered its position in Barrett Business Services, Inc. (NASDAQ:BBSI) by 4.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 96,633 shares of the business services provider’s stock after selling 4,760 shares during the period. Barrett Business Services makes up about 1.6% of Pacific Ridge Capital Partners LLC’s investment portfolio, making the stock its 11th largest position. Pacific Ridge Capital Partners LLC owned 1.33% of Barrett Business Services worth $5,536,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Planning raised its position in shares of Barrett Business Services by 1,356.6% in the first quarter. Creative Planning now owns 1,879 shares of the business services provider’s stock worth $103,000 after buying an additional 1,750 shares during the last quarter. First Quadrant L P CA acquired a new position in shares of Barrett Business Services during the second quarter worth about $190,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Barrett Business Services during the first quarter worth about $207,000. 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 during the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of Barrett Business Services during the first quarter worth about $286,000. Hedge funds and other institutional investors own 73.62% of the company’s stock.

Shares of Barrett Business Services, Inc. (NASDAQ:BBSI) opened at 52.83 on Friday. The company’s 50 day moving average is $53.12 and its 200 day moving average is $56.30. The firm has a market cap of $385.39 million, a price-to-earnings ratio of 21.28 and a beta of 1.37. Barrett Business Services, Inc. has a 52-week low of $41.99 and a 52-week high of $66.93.

Barrett Business Services (NASDAQ:BBSI) last issued its quarterly earnings data on Tuesday, August 8th. The business services provider reported $1.47 EPS for the quarter. The company 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 33.55%. Analysts anticipate that Barrett Business Services, Inc. will post $3.43 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $1.00 annualized dividend and a yield of 1.89%. Barrett Business Services’s dividend payout ratio is currently 42.02%.

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A number of brokerages have issued reports on BBSI. BidaskClub lowered shares of Barrett Business Services from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. ValuEngine lowered shares of Barrett Business Services from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, TheStreet upgraded shares of Barrett Business Services from a “c” rating to a “b-” rating in a research report on Wednesday, August 9th.

In related news, Director Anthony Meeker sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $58.11, for a total transaction of $58,110.00. Following the completion of the transaction, the director now owns 11,473 shares of the company’s stock, valued at $666,696.03. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 6.00% of the stock is currently owned by insiders.

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.

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

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