Barrett Business Services, Inc. $BBSI Shares Sold by 4D Advisors LLC

4D Advisors LLC reduced its holdings in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 21.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,000 shares of the business services provider’s stock after selling 20,000 shares during the period. 4D Advisors LLC owned approximately 0.29% of Barrett Business Services worth $2,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC acquired a new position in Barrett Business Services during the 4th quarter valued at about $39,000. Bard Associates Inc. acquired a new position in Barrett Business Services during the 4th quarter valued at about $50,000. Farther Finance Advisors LLC increased its position in Barrett Business Services by 63.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,456 shares of the business services provider’s stock valued at $53,000 after buying an additional 563 shares in the last quarter. Tripletail Wealth Management LLC increased its position in Barrett Business Services by 152.6% during the 4th quarter. Tripletail Wealth Management LLC now owns 1,920 shares of the business services provider’s stock valued at $70,000 after buying an additional 1,160 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in Barrett Business Services by 270.2% during the 2nd quarter. NewEdge Advisors LLC now owns 1,999 shares of the business services provider’s stock valued at $83,000 after purchasing an additional 1,459 shares during the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

Barrett Business Services Stock Up 0.7%

Shares of BBSI opened at $33.25 on Thursday. Barrett Business Services, Inc. has a 52 week low of $25.33 and a 52 week high of $49.65. The company has a market capitalization of $816.62 million, a price-to-earnings ratio of 21.59, a PEG ratio of 1.10 and a beta of 0.96. The stock’s 50-day moving average price is $31.07 and its 200-day moving average price is $32.78.

Barrett Business Services (NASDAQ:BBSI) last issued its earnings results on Wednesday, May 6th. The business services provider reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.02. Barrett Business Services had a return on equity of 22.89% and a net margin of 3.24%.The firm had revenue of $307.01 million for the quarter, compared to the consensus estimate of $306.68 million. During the same quarter in the prior year, the business earned ($0.04) earnings per share. The company’s revenue was up 4.9% compared to the same quarter last year. As a group, equities analysts anticipate that Barrett Business Services, Inc. will post 1.88 EPS for the current fiscal year.

Barrett Business Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were paid a $0.08 dividend. The ex-dividend date was Friday, May 22nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.0%. Barrett Business Services’s dividend payout ratio is presently 20.78%.

Wall Street Analyst Weigh In

Several research firms have weighed in on BBSI. Zacks Research upgraded Barrett Business Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Weiss Ratings upgraded Barrett Business Services from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 8th. Roth Mkm dropped their price target on Barrett Business Services from $54.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Barrington Research reiterated an “outperform” rating and set a $41.00 price target on shares of Barrett Business Services in a research note on Monday, April 27th. Finally, Wall Street Zen upgraded Barrett Business Services from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $41.50.

Barrett Business Services Profile

Barrett Business Services, Inc (NASDAQ: BBSI) is a professional employer organization (PEO) headquartered in Northridge, California. Founded in 1971 by Barrett K. Levesque, the company provides comprehensive human resources outsourcing solutions to small and mid-sized businesses. Through its consultative model, Barrett Business Services helps clients streamline administrative processes, mitigate regulatory risk and focus on core operations.

The company’s core offerings include payroll administration, employee benefits management, workers’ compensation and risk management services.