Royce & Associates LP Sells 54,818 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

Royce & Associates LP reduced its holdings in Barrett Business Services, Inc. (NASDAQ:BBSI) by 6.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 812,459 shares of the business services provider’s stock after selling 54,818 shares during the quarter. Royce & Associates LP’s holdings in Barrett Business Services were worth $35,293,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Mawer Investment Management Ltd. increased its holdings in shares of Barrett Business Services by 236.4% in the third quarter. Mawer Investment Management Ltd. now owns 1,834,452 shares of the business services provider’s stock worth $68,810,000 after acquiring an additional 1,289,147 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Barrett Business Services by 4.8% during the third quarter. Geode Capital Management LLC now owns 705,598 shares of the business services provider’s stock worth $26,471,000 after buying an additional 32,632 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Barrett Business Services by 19.3% during the third quarter. JPMorgan Chase & Co. now owns 546,510 shares of the business services provider’s stock worth $20,500,000 after buying an additional 88,350 shares during the period. Thrivent Financial for Lutherans acquired a new position in shares of Barrett Business Services during the third quarter worth about $16,422,000. Finally, Foundry Partners LLC boosted its position in shares of Barrett Business Services by 1.0% during the third quarter. Foundry Partners LLC now owns 180,995 shares of the business services provider’s stock worth $6,789,000 after buying an additional 1,735 shares during the period. 86.76% of the stock is currently owned by institutional investors.

Barrett Business Services Stock Performance

Shares of NASDAQ BBSI opened at $39.83 on Friday. The stock has a 50 day moving average price of $41.84 and a 200 day moving average price of $40.32. Barrett Business Services, Inc. has a 52 week low of $28.42 and a 52 week high of $44.97. The stock has a market capitalization of $1.03 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 1.21 and a beta of 1.31.

Barrett Business Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, March 14th. This represents a $0.32 annualized dividend and a yield of 0.80%. Barrett Business Services’s dividend payout ratio (DPR) is presently 16.08%.

Analyst Upgrades and Downgrades

BBSI has been the subject of several recent research reports. StockNews.com raised Barrett Business Services from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Barrington Research reissued an “outperform” rating and set a $45.00 price target on shares of Barrett Business Services in a research report on Wednesday.

Barrett Business Services Company Profile

Barrett Business Services, Inc provides business management solutions for small and mid-sized companies in the United States. The company develops a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry.