Mawer Investment Management Ltd. Boosts Stock Holdings in Barrett Business Services, Inc. (NASDAQ:BBSI)

Mawer Investment Management Ltd. lifted its position in Barrett Business Services, Inc. (NASDAQ:BBSI) by 15.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,110,550 shares of the business services provider’s stock after acquiring an additional 276,098 shares during the period. Mawer Investment Management Ltd. owned approximately 0.08% of Barrett Business Services worth $91,682,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BBSI. Norges Bank acquired a new stake in shares of Barrett Business Services in the fourth quarter valued at about $3,849,000. EntryPoint Capital LLC purchased a new position in Barrett Business Services in the 4th quarter worth approximately $374,000. Tieton Capital Management LLC boosted its holdings 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 purchasing an additional 47,447 shares during the last quarter. Bridge City Capital LLC grew its position in shares of Barrett Business Services by 3.5% in the fourth quarter. Bridge City Capital LLC now owns 83,269 shares of the business services provider’s stock valued at $3,617,000 after purchasing an additional 2,796 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Barrett Business Services in the fourth quarter valued at approximately $209,000. 86.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BBSI shares. StockNews.com raised Barrett Business Services from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Barrington Research restated an “outperform” rating and set a $45.00 price objective on shares of Barrett Business Services in a research report on Wednesday, March 12th.

Barrett Business Services Stock Down 1.4 %

Shares of Barrett Business Services stock opened at $41.21 on Friday. The firm has a market cap of $1.06 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 1.21 and a beta of 1.31. Barrett Business Services, Inc. has a 52 week low of $28.42 and a 52 week high of $44.97. The business’s fifty day simple moving average is $41.57 and its 200-day simple moving average is $40.69.

Barrett Business Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.78%. The ex-dividend date was Friday, March 14th. Barrett Business Services’s dividend payout ratio (DPR) is presently 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.