Continental Investors Services Inc. Makes New $216,000 Investment in Barrett Business Services, Inc. (NASDAQ:BBSI)

Continental Investors Services Inc. bought a new stake in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,794 shares of the business services provider’s stock, valued at approximately $216,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. CWM LLC raised its position in shares of Barrett Business Services by 12,014.3% in the 2nd quarter. CWM LLC now owns 848 shares of the business services provider’s stock worth $28,000 after acquiring an additional 841 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Barrett Business Services during the 2nd quarter valued at $134,000. Assenagon Asset Management S.A. grew its position in shares of Barrett Business Services by 88.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 86,398 shares of the business services provider’s stock worth $2,831,000 after buying an additional 40,519 shares during the period. Lakewood Asset Management LLC increased its stake in shares of Barrett Business Services by 310.4% in the 2nd quarter. Lakewood Asset Management LLC now owns 9,764 shares of the business services provider’s stock worth $320,000 after acquiring an additional 7,385 shares in the last quarter. Finally, Willner & Heller LLC lifted its position in Barrett Business Services by 300.7% during the 2nd quarter. Willner & Heller LLC now owns 38,333 shares of the business services provider’s stock valued at $1,256,000 after acquiring an additional 28,767 shares during the period. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Roth Mkm raised their target price on shares of Barrett Business Services from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Barrington Research raised their price objective on 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, StockNews.com raised Barrett Business Services from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th.

Insider Transactions at Barrett Business Services

In other news, Director Thomas B. Cusick sold 3,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $43.41, for a total value of $130,230.00. Following the transaction, the director now owns 27,776 shares in the company, valued at $1,205,756.16. This represents a 9.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph Stephen Clabby purchased 1,635 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was acquired 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 approximately $487,174.27. This trade represents a 16.87 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 3.70% of the company’s stock.

Barrett Business Services Price Performance

Shares of NASDAQ:BBSI opened at $43.30 on Wednesday. Barrett Business Services, Inc. has a 1 year low of $27.06 and a 1 year high of $44.39. The company has a market cap of $1.12 billion, a P/E ratio of 22.85, a PEG ratio of 1.46 and a beta of 1.42. The stock’s fifty day moving average price is $39.73 and its 200-day moving average price is $36.42.

Barrett Business Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Friday, November 22nd. Barrett Business Services’s payout ratio is presently 16.89%.

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.