MGO One Seven LLC Purchases Shares of 7,039 Barrett Business Services, Inc. (NASDAQ:BBSI)

MGO One Seven 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 7,039 shares of the business services provider’s stock, valued at approximately $306,000.

Several other hedge funds have also modified their holdings of the stock. Westside Investment Management Inc. purchased a new stake in Barrett Business Services during the 3rd quarter worth about $34,000. Prudent Man Investment Management Inc. purchased a new stake in shares of Barrett Business Services during the fourth quarter worth approximately $35,000. KLP Kapitalforvaltning AS acquired a new stake in Barrett Business Services in the fourth quarter valued at approximately $209,000. Longboard Asset Management LP acquired a new stake in Barrett Business Services in the fourth quarter valued at approximately $217,000. Finally, First Trust Advisors LP purchased a new position in Barrett Business Services in the fourth quarter worth approximately $298,000. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Barrett Business Services Price Performance

Shares of NASDAQ:BBSI opened at $40.51 on Wednesday. Barrett Business Services, Inc. has a 12 month low of $28.42 and a 12 month high of $44.97. The firm has a market capitalization of $1.04 billion, a P/E ratio of 21.38, a P/E/G ratio of 1.21 and a beta of 1.09. The company’s fifty day moving average price is $40.20 and its 200 day moving average price is $41.22.

Barrett Business Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.79%. Barrett Business Services’s dividend payout ratio (DPR) is presently 16.08%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. StockNews.com raised shares of Barrett Business Services from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Barrington Research reaffirmed an “outperform” rating and set a $45.00 price target on shares of Barrett Business Services in a report on Wednesday, March 12th.

About Barrett Business Services

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.