Barrett Business Services, Inc. (NASDAQ:BBSI) is Tieton Capital Management LLC’s 8th Largest Position

Tieton Capital Management LLC trimmed its holdings in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 0.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 204,181 shares of the business services provider’s stock after selling 610 shares during the quarter. Barrett Business Services makes up approximately 4.0% of Tieton Capital Management LLC’s investment portfolio, making the stock its 8th largest position. Tieton Capital Management LLC’s holdings in Barrett Business Services were worth $7,659,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BBSI. Summit Global Investments raised its position in Barrett Business Services by 1.5% during the third quarter. Summit Global Investments now owns 24,456 shares of the business services provider’s stock worth $917,000 after acquiring an additional 352 shares during the period. Perkins Coie Trust Co raised its position in shares of Barrett Business Services by 11.1% during the 3rd quarter. Perkins Coie Trust Co now owns 4,000 shares of the business services provider’s stock worth $150,000 after purchasing an additional 400 shares during the last quarter. Amalgamated Bank raised its position in shares of Barrett Business Services by 300.0% during the 2nd quarter. Amalgamated Bank now owns 936 shares of the business services provider’s stock worth $31,000 after purchasing an additional 702 shares during the last quarter. Lakewood Asset Management LLC boosted its holdings in Barrett Business Services by 8.2% in the 3rd quarter. Lakewood Asset Management LLC now owns 10,562 shares of the business services provider’s stock worth $396,000 after buying an additional 798 shares during the last quarter. Finally, CWM LLC increased its stake in Barrett Business Services by 12,014.3% during the 2nd quarter. CWM LLC now owns 848 shares of the business services provider’s stock worth $28,000 after buying an additional 841 shares in the last quarter. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Barrett Business Services Stock Up 1.4 %

Shares of BBSI opened at $42.76 on Friday. Barrett Business Services, Inc. has a 52-week low of $26.60 and a 52-week high of $43.29. The stock has a fifty day simple moving average of $38.09 and a two-hundred day simple moving average of $35.26. The company has a market capitalization of $1.11 billion, a PE ratio of 22.56, a price-to-earnings-growth ratio of 1.41 and a beta of 1.39.

Barrett Business Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Friday, November 22nd. Barrett Business Services’s dividend payout ratio (DPR) is presently 16.89%.

Insider Buying and Selling at Barrett Business Services

In other Barrett Business Services news, Director Joseph Stephen Clabby bought 1,635 shares of Barrett Business Services stock in a transaction on Tuesday, November 12th. The shares were bought at an average price of $43.01 per share, for a total transaction of $70,321.35. Following the completion of the transaction, the director now directly owns 11,327 shares of the company’s stock, valued at $487,174.27. This trade represents a 16.87 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Thomas J. Carley sold 4,584 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $41.24, for a total value of $189,044.16. Following the transaction, the director now owns 91,628 shares of the company’s stock, valued at approximately $3,778,738.72. This represents a 4.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BBSI. StockNews.com raised Barrett Business Services from a “hold” rating to a “buy” rating in a research note on Tuesday. Barrington Research increased their target price on shares of Barrett Business Services from $41.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Roth Mkm boosted their price target on shares of Barrett Business Services from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th.

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.