Barrett Business Services (NASDAQ:BBSI) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, November 30th.

A number of other brokerages also recently weighed in on BBSI. BidaskClub downgraded shares of Barrett Business Services from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. TheStreet raised shares of Barrett Business Services from a “c” rating to a “b-” rating in a report on Wednesday, August 9th.

Shares of Barrett Business Services (BBSI) traded down $0.94 during trading on Thursday, hitting $64.49. 38,560 shares of the stock were exchanged, compared to its average volume of 38,426. Barrett Business Services has a 12 month low of $44.52 and a 12 month high of $69.32. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $470.80, a P/E ratio of 21.71 and a beta of 1.50.

A number of large investors have recently modified their holdings of BBSI. Capital World Investors bought a new position in Barrett Business Services in the 2nd quarter valued at approximately $17,714,000. Renaissance Technologies LLC lifted its stake in Barrett Business Services by 37.1% in the 2nd quarter. Renaissance Technologies LLC now owns 276,600 shares of the business services provider’s stock valued at $15,846,000 after purchasing an additional 74,915 shares during the last quarter. AJO LP bought a new position in Barrett Business Services in the 2nd quarter valued at approximately $2,895,000. Dimensional Fund Advisors LP lifted its stake in Barrett Business Services by 18.3% in 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 last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Barrett Business Services by 149.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 48,122 shares of the business services provider’s stock valued at $2,757,000 after purchasing an additional 28,842 shares during the last quarter. 76.80% of the stock is owned by institutional investors and hedge funds.

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About Barrett Business Services

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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