Aristides Capital LLC Purchases New Position in Barrett Business Services, Inc. (NASDAQ:BBSI)

Aristides Capital LLC acquired a new stake in Barrett Business Services, Inc. (NASDAQ:BBSI) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 7,758 shares of the business services provider’s stock, valued at approximately $337,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of BBSI. Tieton Capital Management LLC raised its holdings in shares of Barrett Business Services by 23.2% during the 4th quarter. Tieton Capital Management LLC now owns 251,628 shares of the business services provider’s stock valued at $10,931,000 after buying an additional 47,447 shares during the period. Barclays PLC grew its position in Barrett Business Services by 42.9% in the third quarter. Barclays PLC now owns 61,332 shares of the business services provider’s stock valued at $2,300,000 after acquiring an additional 18,414 shares in the last quarter. JPMorgan Chase & Co. raised its stake 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 valued at $20,500,000 after purchasing an additional 88,350 shares during the period. Geode Capital Management LLC lifted 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 purchasing an additional 32,632 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of Barrett Business Services in the fourth quarter valued at $485,000. Institutional investors and hedge funds own 86.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Barrington Research reaffirmed an “outperform” rating and set a $45.00 price target on shares of Barrett Business Services in a report on Wednesday, March 12th. StockNews.com upgraded Barrett Business Services from a “hold” rating to a “buy” rating in a research note on Friday, March 7th.

Barrett Business Services Trading Down 2.8 %

Barrett Business Services stock opened at $39.47 on Monday. The stock has a 50 day moving average of $41.26 and a 200-day moving average of $40.87. The stock has a market cap of $1.02 billion, a P/E ratio of 20.83, a price-to-earnings-growth ratio of 1.21 and a beta of 1.09. Barrett Business Services, Inc. has a 52 week low of $28.42 and a 52 week high of $44.97.

Barrett Business Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Friday, March 14th. Barrett Business Services’s dividend payout ratio is currently 16.08%.

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.