GSA Capital Partners LLP Decreases Holdings in Barrett Business Services, Inc. (NASDAQ:BBSI)

GSA Capital Partners LLP lowered its position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 19.5% during the third quarter, Holdings Channel reports. The firm owned 51,643 shares of the business services provider’s stock after selling 12,523 shares during the quarter. GSA Capital Partners LLP’s holdings in Barrett Business Services were worth $1,937,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in BBSI. BNP Paribas Financial Markets increased its position in shares of Barrett Business Services by 10.3% during the first quarter. BNP Paribas Financial Markets now owns 5,462 shares of the business services provider’s stock worth $692,000 after purchasing an additional 509 shares in the last quarter. Hillsdale Investment Management Inc. increased its position in shares of Barrett Business Services by 8.7% during the first quarter. Hillsdale Investment Management Inc. now owns 42,470 shares of the business services provider’s stock worth $5,382,000 after purchasing an additional 3,400 shares in the last quarter. Quadrature Capital Ltd increased its position in shares of Barrett Business Services by 74.4% during the first quarter. Quadrature Capital Ltd now owns 10,435 shares of the business services provider’s stock worth $1,318,000 after purchasing an additional 4,450 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of Barrett Business Services by 64.4% during the first quarter. Lazard Asset Management LLC now owns 2,546 shares of the business services provider’s stock worth $322,000 after purchasing an additional 997 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Barrett Business Services by 152.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,610 shares of the business services provider’s stock worth $1,346,000 after purchasing an additional 6,399 shares in the last quarter. Institutional investors and hedge funds own 86.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BBSI shares. StockNews.com cut Barrett Business Services from a “buy” rating to a “hold” rating in a research report on Monday. Roth Mkm boosted their target price on Barrett Business Services from $43.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Barrington Research increased their price target on Barrett Business Services from $41.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th.

Barrett Business Services Trading Down 0.2 %

NASDAQ BBSI opened at $42.79 on Wednesday. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 22.64, a PEG ratio of 1.39 and a beta of 1.39. The business’s 50 day moving average is $37.18 and its two-hundred day moving average is $34.76. Barrett Business Services, Inc. has a 12-month low of $26.06 and a 12-month high of $43.18.

Barrett Business Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Friday, November 22nd. Barrett Business Services’s dividend payout ratio is presently 16.93%.

Insiders Place Their Bets

In other Barrett Business Services news, CEO Gary Kramer sold 34,288 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $35.05, for a total transaction of $1,201,794.40. Following the sale, the chief executive officer now directly owns 242,543 shares in the company, valued at approximately $8,501,132.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.70% of the stock is currently owned by company 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.