Aristides Capital LLC Purchases New Stake in Barrett Business Services, Inc. (NASDAQ:BBSI)

Aristides Capital LLC acquired a new position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,758 shares of the business services provider’s stock, valued at approximately $337,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mawer Investment Management Ltd. grew its stake in shares of Barrett Business Services by 15.1% during the 4th quarter. Mawer Investment Management Ltd. now owns 2,110,550 shares of the business services provider’s stock worth $91,682,000 after purchasing an additional 276,098 shares during the period. Thrivent Financial for Lutherans grew its position in Barrett Business Services by 272.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,631,644 shares of the business services provider’s stock worth $70,879,000 after buying an additional 1,193,839 shares during the period. Geode Capital Management LLC increased its holdings in Barrett Business Services by 4.8% in the third quarter. Geode Capital Management LLC now owns 705,598 shares of the business services provider’s stock valued at $26,471,000 after buying an additional 32,632 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Barrett Business Services by 19.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 546,510 shares of the business services provider’s stock valued at $20,500,000 after acquiring an additional 88,350 shares during the period. Finally, Tieton Capital Management LLC boosted its stake in shares of Barrett Business Services by 23.2% during the 4th quarter. Tieton Capital Management LLC now owns 251,628 shares of the business services provider’s stock worth $10,931,000 after acquiring an additional 47,447 shares in the last quarter. Institutional investors and hedge funds own 86.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on BBSI shares. Barrington Research reaffirmed an “outperform” rating and set a $45.00 price objective on shares of Barrett Business Services in a report on Wednesday, March 12th. StockNews.com upgraded 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 $39.47 on Monday. Barrett Business Services, Inc. has a 1 year low of $28.42 and a 1 year high of $44.97. The company’s 50 day simple moving average is $41.26 and its 200 day simple moving average is $40.87. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 1.21 and a beta of 1.09.

Barrett Business Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Friday, March 14th. Barrett Business Services’s 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.