4D Advisors LLC Lowers Holdings in Barrett Business Services, Inc. $BBSI

4D Advisors LLC lowered its holdings in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 21.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 75,000 shares of the business services provider’s stock after selling 20,000 shares during the period. 4D Advisors LLC’s holdings in Barrett Business Services were worth $2,716,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BBSI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Barrett Business Services by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,219 shares of the business services provider’s stock worth $626,000 after purchasing an additional 633 shares in the last quarter. Millennium Management LLC purchased a new position in Barrett Business Services during the first quarter worth approximately $3,747,000. Jane Street Group LLC purchased a new position in Barrett Business Services during the first quarter worth approximately $1,732,000. Creative Planning boosted its position in Barrett Business Services by 71.8% during the second quarter. Creative Planning now owns 9,778 shares of the business services provider’s stock worth $408,000 after purchasing an additional 4,085 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Barrett Business Services by 40.8% during the second quarter. American Century Companies Inc. now owns 37,923 shares of the business services provider’s stock worth $1,581,000 after purchasing an additional 10,994 shares in the last quarter. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BBSI. Weiss Ratings upgraded Barrett Business Services from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, June 8th. Zacks Research upgraded Barrett Business Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Wall Street Zen upgraded Barrett Business Services from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. Barrington Research reiterated an “outperform” rating and set a $41.00 price target on shares of Barrett Business Services in a research report on Monday, April 27th. Finally, Roth Mkm lowered their price target on Barrett Business Services from $54.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $41.50.

Barrett Business Services Price Performance

Shares of Barrett Business Services stock opened at $33.25 on Thursday. The business has a 50 day simple moving average of $31.07 and a two-hundred day simple moving average of $32.78. Barrett Business Services, Inc. has a 12 month low of $25.33 and a 12 month high of $49.65. The stock has a market capitalization of $816.62 million, a P/E ratio of 21.59, a PEG ratio of 1.10 and a beta of 0.96.

Barrett Business Services (NASDAQ:BBSI) last announced its earnings results on Wednesday, May 6th. The business services provider reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.02. Barrett Business Services had a return on equity of 22.89% and a net margin of 3.24%.The business had revenue of $307.01 million during the quarter, compared to analysts’ expectations of $306.68 million. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. As a group, research analysts anticipate that Barrett Business Services, Inc. will post 1.88 EPS for the current fiscal year.

Barrett Business Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.0%. Barrett Business Services’s dividend payout ratio is presently 20.78%.

Barrett Business Services Company Profile

Barrett Business Services, Inc (NASDAQ: BBSI) is a professional employer organization (PEO) headquartered in Northridge, California. Founded in 1971 by Barrett K. Levesque, the company provides comprehensive human resources outsourcing solutions to small and mid-sized businesses. Through its consultative model, Barrett Business Services helps clients streamline administrative processes, mitigate regulatory risk and focus on core operations.

The company’s core offerings include payroll administration, employee benefits management, workers’ compensation and risk management services.