Harvest Fund Management Co. Ltd Raises Position in Barrett Business Services, Inc. (NASDAQ:BBSI)

Harvest Fund Management Co. Ltd grew its holdings in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 165.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,596 shares of the business services provider’s stock after purchasing an additional 6,608 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Barrett Business Services were worth $459,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Westside Investment Management Inc. purchased a new stake in shares of Barrett Business Services during the 3rd quarter valued at $34,000. Truvestments Capital LLC acquired a new position in shares of Barrett Business Services in the 3rd quarter valued at $34,000. Quantbot Technologies LP acquired a new position in shares of Barrett Business Services in the 3rd quarter valued at $77,000. Continental Investors Services Inc. acquired a new position in shares of Barrett Business Services in the 3rd quarter valued at $216,000. Finally, Longboard Asset Management LP acquired a new position in shares of Barrett Business Services in the 4th quarter valued at $217,000. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BBSI shares. Barrington Research reissued an “outperform” rating and issued a $45.00 target price on shares of Barrett Business Services in a research report on Wednesday, March 12th. StockNews.com raised Barrett Business Services from a “hold” rating to a “buy” rating in a research report on Friday, March 7th.

Barrett Business Services Stock Performance

Shares of BBSI opened at $40.82 on Friday. The business’s 50-day moving average is $41.72 and its two-hundred day moving average is $40.44. The company has a market capitalization of $1.05 billion, a P/E ratio of 21.54, a P/E/G ratio of 1.21 and a beta of 1.31. Barrett Business Services, Inc. has a fifty-two week low of $28.42 and a fifty-two week high of $44.97.

Barrett Business Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Friday, March 14th. Barrett Business Services’s dividend payout ratio is currently 16.08%.

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.