Geode Capital Management LLC increased its stake in Barrett Business Services, Inc. (NASDAQ:BBSI) by 12.2% during the first quarter, Holdings Channel reports. The institutional investor owned 81,039 shares of the business services provider’s stock after buying an additional 8,806 shares during the period. Geode Capital Management LLC’s holdings in Barrett Business Services were worth $4,426,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Prudential Financial Inc. increased its position in shares of Barrett Business Services by 241.3% in the first quarter. Prudential Financial Inc. now owns 35,628 shares of the business services provider’s stock valued at $1,946,000 after buying an additional 25,190 shares in the last quarter. Creative Planning increased 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 valued at $103,000 after buying an additional 1,750 shares in the last quarter. River Road Asset Management LLC increased its position in shares of Barrett Business Services by 1.5% in the first quarter. River Road Asset Management LLC now owns 126,623 shares of the business services provider’s stock valued at $6,916,000 after buying an additional 1,820 shares in the last quarter. Strs Ohio increased 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 valued at $693,000 after buying an additional 1,200 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC increased its position in shares of Barrett Business Services by 30.9% in the first quarter. Pacific Ridge Capital Partners LLC now owns 101,393 shares of the business services provider’s stock valued at $5,538,000 after buying an additional 23,962 shares in the last quarter. Hedge funds and other institutional investors own 71.96% of the company’s stock.

Shares of Barrett Business Services, Inc. (NASDAQ BBSI) traded up 0.21% on Tuesday, hitting $52.07. The company had a trading volume of 5,848 shares. The stock has a market cap of $379.85 million, a PE ratio of 20.97 and a beta of 1.34. The company has a 50-day moving average of $55.73 and a 200 day moving average of $57.29. Barrett Business Services, Inc. has a 12 month low of $41.99 and a 12 month high of $66.93.

Barrett Business Services (NASDAQ:BBSI) last released its earnings results on Tuesday, August 8th. The business services provider reported $1.47 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 anticipate that Barrett Business Services, Inc. will post $3.43 EPS for the current fiscal year.

The firm also recently announced 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. This represents a $1.00 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Wednesday, August 23rd. Barrett Business Services’s dividend payout ratio is presently 42.02%.

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BBSI has been the subject of several research reports. BidaskClub downgraded Barrett Business Services from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. TheStreet upgraded 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 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 sale, the director now directly owns 11,473 shares of the company’s stock, valued at $666,696.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.30% of the stock is owned by corporate 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.

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

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