Boston Partners Reduces Stock Holdings in Barrett Business Services, Inc. $BBSI

Boston Partners lowered its stake in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 26.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 38,929 shares of the business services provider’s stock after selling 14,254 shares during the quarter. Boston Partners’ holdings in Barrett Business Services were worth $1,623,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Mackenzie Financial Corp increased its position in Barrett Business Services by 4.1% during the first quarter. Mackenzie Financial Corp now owns 21,874 shares of the business services provider’s stock valued at $900,000 after acquiring an additional 855 shares during the last quarter. US Bancorp DE boosted its stake in shares of Barrett Business Services by 3,939.3% during the 1st quarter. US Bancorp DE now owns 4,524 shares of the business services provider’s stock worth $186,000 after purchasing an additional 4,412 shares during the period. PNC Financial Services Group Inc. grew its holdings in Barrett Business Services by 26.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,309 shares of the business services provider’s stock valued at $95,000 after purchasing an additional 482 shares during the last quarter. Deutsche Bank AG grew its holdings in Barrett Business Services by 80.1% during the 1st quarter. Deutsche Bank AG now owns 50,122 shares of the business services provider’s stock valued at $2,063,000 after purchasing an additional 22,291 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in Barrett Business Services in the 1st quarter worth about $12,999,000. 86.76% of the stock is currently owned by institutional investors.

Barrett Business Services Stock Down 0.6%

Shares of NASDAQ BBSI opened at $35.11 on Monday. Barrett Business Services, Inc. has a 52-week low of $33.01 and a 52-week high of $49.65. The firm has a market capitalization of $899.57 million, a price-to-earnings ratio of 17.29, a PEG ratio of 1.31 and a beta of 1.00. The stock has a 50 day moving average price of $40.17 and a 200 day moving average price of $42.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.25 and a current ratio of 1.25.

Barrett Business Services (NASDAQ:BBSI) last issued its earnings results on Wednesday, November 5th. The business services provider reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.02). Barrett Business Services had a net margin of 4.49% and a return on equity of 24.59%. The firm had revenue of $318.95 million for the quarter, compared to the consensus estimate of $319.27 million. During the same period last year, the firm earned $0.74 earnings per share. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. Sell-side analysts expect that Barrett Business Services, Inc. will post 2 earnings per share for the current year.

Barrett Business Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 21st will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, November 21st. Barrett Business Services’s payout ratio is presently 15.38%.

Analyst Upgrades and Downgrades

BBSI has been the subject of several recent analyst reports. Wall Street Zen lowered Barrett Business Services from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Barrington Research set a $46.00 price objective on Barrett Business Services and gave the company an “outperform” rating in a report on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Barrett Business Services in a research report on Monday, November 24th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $46.00.

Insider Buying and Selling

In other news, Director Anthony Meeker sold 3,064 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $46.78, for a total value of $143,333.92. Following the completion of the sale, the director owned 54,601 shares in the company, valued at approximately $2,554,234.78. The trade was a 5.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joseph Stephen Clabby acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were acquired at an average price of $34.83 per share, for a total transaction of $34,830.00. Following the completion of the purchase, the director owned 15,391 shares of the company’s stock, valued at approximately $536,068.53. This represents a 6.95% increase in their position. The SEC filing for this purchase provides additional information. 4.10% of the stock is owned by insiders.

Barrett Business Services 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.