Boston Partners trimmed its position in Barrett Business Services, Inc. (NASDAQ:BBSI) by 10.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,776 shares of the business services provider’s stock after selling 15,459 shares during the period. Boston Partners owned 1.72% of Barrett Business Services worth $7,110,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. First Quadrant L P CA bought a new position in Barrett Business Services in the 2nd quarter valued at $190,000. American International Group Inc. boosted its holdings in Barrett Business Services by 7.1% in the 1st quarter. American International Group Inc. now owns 4,347 shares of the business services provider’s stock valued at $237,000 after purchasing an additional 290 shares during the period. Alliancebernstein L.P. bought a new position in Barrett Business Services in the 2nd quarter valued at $258,000. Voya Investment Management LLC boosted its holdings in Barrett Business Services by 12.0% in the 2nd quarter. Voya Investment Management LLC now owns 4,673 shares of the business services provider’s stock valued at $268,000 after purchasing an additional 501 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Barrett Business Services by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,737 shares of the business services provider’s stock valued at $329,000 after purchasing an additional 166 shares during the period. 72.99% of the stock is owned by hedge funds and other institutional investors.

Shares of Barrett Business Services, Inc. (BBSI) opened at $63.24 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.05. The firm has a market cap of $459.12, a price-to-earnings ratio of 20.16 and a beta of 1.47. Barrett Business Services, Inc. has a 52-week low of $44.52 and a 52-week high of $66.93.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 24th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Wednesday, November 22nd. Barrett Business Services’s dividend payout ratio (DPR) is currently 33.78%.

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Several analysts have recently weighed in on the stock. BidaskClub cut shares of Barrett Business Services from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. ValuEngine upgraded shares of Barrett Business Services from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, TheStreet upgraded shares of Barrett Business Services from a “c” rating to a “b-” rating in a research report on Wednesday, August 9th.

Barrett Business Services 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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