California State Teachers Retirement System decreased its position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 10.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,500 shares of the business services provider’s stock after selling 1,400 shares during the quarter. California State Teachers Retirement System owned approximately 0.17% of Barrett Business Services worth $716,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its holdings in shares of Barrett Business Services by 12.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 31,497 shares of the business services provider’s stock valued at $1,805,000 after acquiring an additional 3,452 shares in the last quarter. HPM Partners LLC boosted its holdings in shares of Barrett Business Services by 175.1% during the 2nd quarter. HPM Partners LLC now owns 13,372 shares of the business services provider’s stock valued at $4,227,000 after acquiring an additional 8,512 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Barrett Business Services by 7.1% during the 1st quarter. Vanguard Group Inc. now owns 346,300 shares of the business services provider’s stock valued at $18,915,000 after acquiring an additional 23,028 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Barrett Business Services by 13.5% during the 2nd quarter. Wells Fargo & Company MN now owns 32,052 shares of the business services provider’s stock valued at $1,836,000 after acquiring an additional 3,812 shares in the last quarter. Finally, AJO LP acquired a new stake in shares of Barrett Business Services during the 2nd quarter valued at $2,895,000. 76.59% of the stock is currently owned by institutional investors.

Several research firms recently weighed in on BBSI. ValuEngine downgraded Barrett Business Services from a “buy” rating to a “hold” rating in a report on Thursday. TheStreet raised Barrett Business Services from a “c” rating to a “b-” rating in a report on Wednesday, August 9th.

Barrett Business Services, Inc. (NASDAQ BBSI) opened at $66.05 on Friday. The company has a market capitalization of $482.19, a PE ratio of 21.27 and a beta of 1.46. Barrett Business Services, Inc. has a twelve month low of $44.52 and a twelve month high of $67.67. 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 business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 24th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.51%. The ex-dividend date is Wednesday, November 22nd. Barrett Business Services’s payout ratio is presently 33.67%.

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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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