Dimensional Fund Advisors LP increased its position in Barrett Business Services, Inc. (NASDAQ:BBSI) by 18.3% during the first quarter, Holdings Channel reports. The firm owned 230,636 shares of the business services provider’s stock after buying an additional 35,623 shares during the period. Dimensional Fund Advisors LP’s holdings in Barrett Business Services were worth $12,597,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. James Investment Research Inc. boosted its stake in 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 during the period. American International Group Inc. boosted its stake in 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 period. PNC Financial Services Group Inc. boosted its stake in 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 during the period. Strs Ohio boosted its stake in 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 during the period. Finally, Bank of New York Mellon Corp boosted its stake in Barrett Business Services by 2.4% in the first quarter. Bank of New York Mellon Corp now owns 52,647 shares of the business services provider’s stock worth $2,876,000 after buying an additional 1,211 shares during the period. 71.96% of the stock is currently owned by institutional investors.

Barrett Business Services, Inc. (NASDAQ BBSI) traded down 2.193% during midday trading on Friday, hitting $51.701. 14,507 shares of the company were exchanged. The stock has a 50 day moving average of $55.39 and a 200-day moving average of $57.17. The stock has a market capitalization of $377.16 million, a price-to-earnings ratio of 20.822 and a beta of 1.34. Barrett Business Services, Inc. has a 1-year low of $41.99 and a 1-year high of $66.93.

Barrett Business Services (NASDAQ:BBSI) last issued its earnings results 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 company had revenue of $1.30 billion for the quarter. Equities analysts expect that Barrett Business Services, Inc. will post $3.43 earnings per share for the current year.

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

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A number of research firms recently commented on BBSI. TheStreet raised shares of Barrett Business Services from a “c” rating to a “b-” rating in a report on Wednesday, August 9th. BidaskClub cut shares of Barrett Business Services from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd.

In related news, Director Anthony Meeker sold 1,000 shares of the firm’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 value of $58,110.00. Following the sale, the director now owns 11,473 shares in the company, valued at $666,696.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company 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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