Inceptionr LLC Buys 262 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

Inceptionr LLC raised its position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,939 shares of the business services provider’s stock after acquiring an additional 262 shares during the quarter. Inceptionr LLC’s holdings in Barrett Business Services were worth $301,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Truvestments Capital LLC bought a new position in Barrett Business Services in the third quarter worth $34,000. Westside Investment Management Inc. purchased a new position in Barrett Business Services during the 3rd quarter valued at about $34,000. Huntington National Bank bought a new stake in Barrett Business Services during the third quarter worth about $39,000. Quantbot Technologies LP purchased a new stake in Barrett Business Services in the third quarter worth about $77,000. Finally, Continental Investors Services Inc. purchased a new stake in Barrett Business Services in the third quarter worth about $216,000. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Barrington Research reiterated an “outperform” rating and set a $45.00 target price on shares of Barrett Business Services in a report on Wednesday, December 11th. StockNews.com upgraded Barrett Business Services from a “hold” rating to a “buy” rating in a research note on Friday.

Barrett Business Services Stock Performance

Shares of BBSI stock opened at $39.89 on Monday. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 1.21 and a beta of 1.31. Barrett Business Services, Inc. has a one year low of $28.42 and a one year high of $44.97. The company’s 50-day moving average is $42.21 and its 200 day moving average is $40.22.

Barrett Business Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Friday, March 14th. Barrett Business Services’s payout ratio is 16.08%.

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.