Barrett Business Services’ (BBSI) Outperform Rating Reaffirmed at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Barrett Business Services (NASDAQ:BBSI) in a research report sent to investors on Wednesday,Benzinga reports. They currently have a $45.00 price target on the business services provider’s stock.

Separately, 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 Trading Up 0.6 %

NASDAQ:BBSI opened at $39.81 on Wednesday. The company has a market capitalization of $1.03 billion, a P/E ratio of 21.01, a P/E/G ratio of 1.21 and a beta of 1.31. Barrett Business Services has a 12 month low of $28.42 and a 12 month high of $44.97. The business’s 50-day moving average is $42.04 and its 200 day moving average is $40.27.

Barrett Business Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.80%. Barrett Business Services’s dividend payout ratio (DPR) is presently 16.08%.

Institutional Investors Weigh In On Barrett Business Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp purchased a new stake in shares of Barrett Business Services in the fourth quarter worth approximately $913,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Barrett Business Services by 38.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 67,727 shares of the business services provider’s stock worth $2,942,000 after buying an additional 18,900 shares during the period. Two Sigma Advisers LP raised its holdings in shares of Barrett Business Services by 4.5% in the fourth quarter. Two Sigma Advisers LP now owns 6,900 shares of the business services provider’s stock worth $300,000 after buying an additional 300 shares during the period. Two Sigma Investments LP purchased a new stake in shares of Barrett Business Services in the fourth quarter worth approximately $353,000. Finally, ProShare Advisors LLC purchased a new stake in shares of Barrett Business Services in the fourth quarter worth approximately $313,000. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

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.