Rhumbline Advisers lessened its stake in Barrett Business Services, Inc. (NASDAQ:BBSI) by 2.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,610 shares of the business services provider’s stock after selling 220 shares during the period. Rhumbline Advisers owned 0.12% of Barrett Business Services worth $493,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. American International Group Inc. increased its position in Barrett Business Services by 7.1% during the 1st quarter. American International Group Inc. now owns 4,347 shares of the business services provider’s stock worth $237,000 after purchasing an additional 290 shares during the period. Ironwood Investment Management LLC grew its holdings in shares of Barrett Business Services by 0.6% in the 2nd quarter. Ironwood Investment Management LLC now owns 62,885 shares of the business services provider’s stock worth $3,603,000 after acquiring an additional 400 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Barrett Business Services by 10.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,918 shares of the business services provider’s stock worth $433,000 after acquiring an additional 761 shares during the period. Morgan Stanley grew its holdings in shares of Barrett Business Services by 1.5% in the 1st quarter. Morgan Stanley now owns 75,410 shares of the business services provider’s stock worth $4,119,000 after acquiring an additional 1,091 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Barrett Business Services by 2.4% in the 1st quarter. Bank of New York Mellon Corp now owns 52,647 shares of the business services provider’s stock worth $2,876,000 after acquiring an additional 1,211 shares during the period. Hedge funds and other institutional investors own 73.62% of the company’s stock.

A number of equities research analysts recently issued reports on BBSI shares. ValuEngine raised Barrett Business Services from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. TheStreet raised Barrett Business Services from a “c” rating to a “b-” rating in a research note on Wednesday, August 9th. Finally, BidaskClub lowered Barrett Business Services from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd.

Shares of Barrett Business Services, Inc. (NASDAQ BBSI) opened at 57.02 on Thursday. The company has a 50-day moving average price of $53.15 and a 200 day moving average price of $55.40. Barrett Business Services, Inc. has a one year low of $42.59 and a one year high of $66.93. The firm has a market capitalization of $415.96 million, a P/E ratio of 22.96 and a beta of 1.37.

Barrett Business Services (NASDAQ:BBSI) last released its quarterly earnings data on Tuesday, August 8th. The business services provider reported $1.47 earnings per share (EPS) for the quarter. Barrett Business Services had a net margin of 2.06% and a return on equity of 33.55%. The business had revenue of $1.30 billion during the quarter. Analysts expect that Barrett Business Services, Inc. will post $3.43 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Wednesday, August 23rd. Barrett Business Services’s payout ratio is presently 42.02%.

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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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