Prudent Man Investment Management Inc. Makes New $35,000 Investment in Barrett Business Services, Inc. (NASDAQ:BBSI)

Prudent Man Investment Management Inc. purchased a new position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 800 shares of the business services provider’s stock, valued at approximately $35,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Inceptionr LLC raised its stake in Barrett Business Services by 3.9% during the 4th quarter. Inceptionr LLC now owns 6,939 shares of the business services provider’s stock valued at $301,000 after purchasing an additional 262 shares during the last quarter. Swiss National Bank raised its position in shares of Barrett Business Services by 1.0% during the fourth quarter. Swiss National Bank now owns 51,400 shares of the business services provider’s stock valued at $2,233,000 after buying an additional 500 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Barrett Business Services by 1.0% in the fourth quarter. Victory Capital Management Inc. now owns 51,754 shares of the business services provider’s stock valued at $2,248,000 after buying an additional 530 shares during the period. BNP Paribas Financial Markets grew its position in Barrett Business Services by 5.8% during the third quarter. BNP Paribas Financial Markets now owns 12,310 shares of the business services provider’s stock worth $462,000 after buying an additional 679 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in Barrett Business Services by 1.7% during the third quarter. Franklin Resources Inc. now owns 42,790 shares of the business services provider’s stock valued at $1,590,000 after acquiring an additional 704 shares during the period. Institutional investors and hedge funds own 86.76% of the company’s stock.

Barrett Business Services Trading Down 1.4 %

NASDAQ BBSI opened at $41.21 on Monday. Barrett Business Services, Inc. has a 1-year low of $28.42 and a 1-year high of $44.97. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 1.21 and a beta of 1.31. The stock’s 50 day moving average is $41.57 and its two-hundred day moving average is $40.73.

Barrett Business Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.78%. Barrett Business Services’s payout ratio is presently 16.08%.

Analysts Set New Price Targets

A number of brokerages have commented on BBSI. StockNews.com upgraded Barrett Business Services from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Barrington Research reaffirmed an “outperform” rating and issued a $45.00 target price on shares of Barrett Business Services in a research report on Wednesday, March 12th.

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.