Foundry Partners LLC Purchases 1,735 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

Foundry Partners LLC boosted its holdings in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 1.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 180,995 shares of the business services provider’s stock after purchasing an additional 1,735 shares during the period. Foundry Partners LLC’s holdings in Barrett Business Services were worth $6,789,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC increased its position in shares of 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 purchasing an additional 841 shares during the last quarter. Amalgamated Bank raised its position in Barrett Business Services by 300.0% during the second quarter. Amalgamated Bank now owns 936 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 702 shares in the last quarter. Huntington National Bank bought a new stake in shares of Barrett Business Services during the third quarter worth $39,000. USA Financial Formulas bought a new stake in shares of Barrett Business Services during the third quarter worth about $60,000. Finally, Virtu Financial LLC bought a new stake in Barrett Business Services during the 1st quarter worth approximately $227,000. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Barrett Business Services Stock Up 1.8 %

Shares of BBSI stock opened at $42.35 on Thursday. Barrett Business Services, Inc. has a 52 week low of $26.60 and a 52 week high of $43.29. The firm has a 50 day moving average of $37.97 and a 200-day moving average of $35.21. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 1.39 and a beta of 1.39.

Barrett Business Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.08 per share. The ex-dividend date is Friday, November 22nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.76%. Barrett Business Services’s dividend payout ratio (DPR) is presently 16.89%.

Insider Activity

In other news, Director Thomas J. Carley sold 4,584 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $3,778,738.72. The trade was a 4.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph Stephen Clabby acquired 1,635 shares of the stock in a transaction on Tuesday, November 12th. The stock was bought at an average cost of $43.01 per share, for a total transaction of $70,321.35. Following the transaction, the director now 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. 3.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on BBSI. StockNews.com raised Barrett Business Services from a “hold” rating to a “buy” rating in a report on Tuesday. Barrington Research raised their price target on shares of Barrett Business Services from $41.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Roth Mkm upped their price objective 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.

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.