Barrett Business Services, Inc. (NASDAQ:BBSI) Shares Purchased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd increased its holdings in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 165.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,596 shares of the business services provider’s stock after acquiring an additional 6,608 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Barrett Business Services were worth $459,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Inceptionr LLC grew its position in shares of 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 acquiring an additional 262 shares during the period. Swiss National Bank grew its position in shares of Barrett Business Services by 1.0% during the 4th quarter. Swiss National Bank now owns 51,400 shares of the business services provider’s stock valued at $2,233,000 after acquiring an additional 500 shares during the period. Victory Capital Management Inc. grew its position in shares of Barrett Business Services by 1.0% during the 4th quarter. Victory Capital Management Inc. now owns 51,754 shares of the business services provider’s stock valued at $2,248,000 after acquiring an additional 530 shares during the period. BNP Paribas Financial Markets grew its position in shares of Barrett Business Services by 5.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,310 shares of the business services provider’s stock valued at $462,000 after acquiring an additional 679 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of Barrett Business Services by 1.7% during the 3rd 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. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Barrett Business Services Price Performance

BBSI opened at $40.82 on Friday. The company’s 50 day simple moving average is $41.72 and its two-hundred day simple moving average is $40.44. Barrett Business Services, Inc. has a 1-year low of $28.42 and a 1-year high of $44.97. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 1.21 and a beta of 1.31.

Barrett Business Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Friday, March 14th. Barrett Business Services’s dividend payout ratio (DPR) is 16.08%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BBSI. StockNews.com raised shares of Barrett Business Services from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Barrington Research reaffirmed an “outperform” rating and issued a $45.00 price target on shares of Barrett Business Services in a research note 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.