Barrett Business Services, Inc. (NASDAQ:BBSI) Shares Sold by Willner & Heller LLC

Willner & Heller LLC decreased its position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 3.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 36,529 shares of the business services provider’s stock after selling 1,182 shares during the quarter. Barrett Business Services accounts for about 1.4% of Willner & Heller LLC’s holdings, making the stock its 13th biggest holding. Willner & Heller LLC’s holdings in Barrett Business Services were worth $1,587,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. JPMorgan Chase & Co. lifted its holdings in Barrett Business Services by 19.3% in the third quarter. JPMorgan Chase & Co. now owns 546,510 shares of the business services provider’s stock worth $20,500,000 after purchasing an additional 88,350 shares during the period. Principal Financial Group Inc. raised its holdings in Barrett Business Services by 29.7% during the 3rd quarter. Principal Financial Group Inc. now owns 17,300 shares of the business services provider’s stock worth $649,000 after buying an additional 3,960 shares during the period. Franklin Resources Inc. raised its holdings in Barrett Business Services by 1.7% during the 3rd quarter. Franklin Resources Inc. now owns 42,790 shares of the business services provider’s stock worth $1,590,000 after buying an additional 704 shares during the period. Tidal Investments LLC acquired a new stake in Barrett Business Services during the 3rd quarter worth about $349,000. Finally, Westside Investment Management Inc. acquired a new position in shares of Barrett Business Services in the 3rd quarter valued at about $34,000. Institutional investors and hedge funds own 86.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BBSI. Roth Mkm boosted their price target on Barrett Business Services from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Barrington Research reaffirmed an “outperform” rating and set a $45.00 target price on shares of Barrett Business Services in a research report on Wednesday, December 11th. Finally, StockNews.com upgraded Barrett Business Services from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th.

Insiders Place Their Bets

In other Barrett Business Services news, Director Thomas B. Cusick sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $43.41, for a total transaction of $130,230.00. Following the transaction, the director now owns 27,776 shares of the company’s stock, valued at $1,205,756.16. The trade was a 9.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas J. Carley sold 4,584 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $41.24, for a total value of $189,044.16. Following the transaction, the director now directly owns 91,628 shares in the company, valued at $3,778,738.72. This trade represents a 4.76 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

Barrett Business Services Stock Performance

Shares of BBSI stock opened at $43.86 on Monday. The stock’s fifty day moving average is $42.87 and its 200-day moving average is $38.39. The stock has a market capitalization of $1.14 billion, a PE ratio of 23.15, a PEG ratio of 1.25 and a beta of 1.42. Barrett Business Services, Inc. has a 52 week low of $27.06 and a 52 week high of $44.97.

Barrett Business Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Friday, November 22nd. Barrett Business Services’s dividend payout ratio (DPR) is currently 16.93%.

Barrett Business Services Company 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.