HPM Partners LLC increased its position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 175.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,372 shares of the business services provider’s stock after purchasing an additional 8,512 shares during the period. HPM Partners LLC owned 0.18% of Barrett Business Services worth $4,227,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in BBSI. Renaissance Technologies LLC raised its position in shares of Barrett Business Services by 38.0% during the 1st quarter. Renaissance Technologies LLC now owns 201,685 shares of the business services provider’s stock valued at $11,016,000 after purchasing an additional 55,585 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Barrett Business Services by 18.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 230,636 shares of the business services provider’s stock valued at $12,597,000 after purchasing an additional 35,623 shares during the period. Prudential Financial Inc. raised its position in shares of Barrett Business Services by 241.3% during the 1st quarter. Prudential Financial Inc. now owns 35,628 shares of the business services provider’s stock valued at $1,946,000 after purchasing an additional 25,190 shares during the period. Pacific Ridge Capital Partners LLC raised its position in shares of Barrett Business Services by 30.9% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 101,393 shares of the business services provider’s stock valued at $5,538,000 after purchasing an additional 23,962 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of Barrett Business Services by 31.4% during the 1st quarter. AQR Capital Management LLC now owns 99,662 shares of the business services provider’s stock valued at $5,443,000 after purchasing an additional 23,844 shares during the period. Hedge funds and other institutional investors own 73.62% of the company’s stock.

Shares of Barrett Business Services, Inc. (NASDAQ:BBSI) traded down 0.22% during mid-day trading on Friday, hitting $53.36. 2,759 shares of the stock traded hands. The firm has a 50 day moving average of $52.62 and a 200 day moving average of $56.01. Barrett Business Services, Inc. has a 12 month low of $41.99 and a 12 month high of $66.93. The stock has a market cap of $389.26 million, a price-to-earnings ratio of 21.49 and a beta of 1.37.

Barrett Business Services (NASDAQ:BBSI) last announced its quarterly 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 firm had revenue of $1.30 billion for the quarter. On average, equities analysts expect that Barrett Business Services, Inc. will post $3.43 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Wednesday, August 23rd. Barrett Business Services’s dividend payout ratio (DPR) is presently 42.02%.

Several brokerages have recently commented on BBSI. ValuEngine downgraded shares of Barrett Business Services from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. TheStreet upgraded shares of Barrett Business Services from a “c” rating to a “b-” rating in a research report on Wednesday, August 9th. Finally, BidaskClub downgraded shares of Barrett Business Services from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th.

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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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