Barrett Business Services, Inc. $BBSI Stake Lessened by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC lessened its holdings in Barrett Business Services, Inc. (NASDAQ:BBSI) by 72.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,180 shares of the business services provider’s stock after selling 87,066 shares during the period. Pacific Ridge Capital Partners LLC owned about 0.13% of Barrett Business Services worth $1,471,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BBSI. Tripletail Wealth Management LLC purchased a new stake in Barrett Business Services in the 3rd quarter worth about $34,000. Farther Finance Advisors LLC lifted its position in shares of Barrett Business Services by 1,388.3% in the third quarter. Farther Finance Advisors LLC now owns 893 shares of the business services provider’s stock worth $40,000 after purchasing an additional 833 shares in the last quarter. AlphaQuest LLC acquired a new stake in shares of Barrett Business Services during the third quarter worth approximately $54,000. State of Alaska Department of Revenue purchased a new position in Barrett Business Services during the third quarter valued at approximately $66,000. Finally, NewEdge Advisors LLC increased its stake in Barrett Business Services by 270.2% in the 2nd quarter. NewEdge Advisors LLC now owns 1,999 shares of the business services provider’s stock valued at $83,000 after buying an additional 1,459 shares during the period. 86.76% of the stock is owned by institutional investors and hedge funds.

Barrett Business Services Stock Up 1.3%

BBSI stock opened at $31.47 on Thursday. The firm has a market cap of $806.26 million, a PE ratio of 15.13, a PEG ratio of 0.77 and a beta of 0.99. Barrett Business Services, Inc. has a 1 year low of $30.24 and a 1 year high of $49.65. The company has a fifty day simple moving average of $36.13 and a 200 day simple moving average of $39.86. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.31.

Barrett Business Services (NASDAQ:BBSI) last posted its earnings results on Wednesday, February 25th. The business services provider reported $0.64 earnings per share for the quarter, meeting the consensus estimate of $0.64. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $323.43 million. Barrett Business Services had a return on equity of 24.36% and a net margin of 4.48%.The business’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $0.63 earnings per share. Sell-side analysts anticipate that Barrett Business Services, Inc. will post 2 EPS for the current fiscal year.

Barrett Business Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.0%. Barrett Business Services’s dividend payout ratio (DPR) is currently 15.38%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Barrett Business Services in a research note on Monday, December 29th. Barrington Research reiterated an “outperform” rating and set a $46.00 price objective on shares of Barrett Business Services in a report on Thursday, February 19th. Finally, CJS Securities upgraded Barrett Business Services to a “strong-buy” rating in a research note on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $46.00.

Barrett Business Services Company Profile

Barrett Business Services, Inc (NASDAQ: BBSI) is a professional employer organization (PEO) headquartered in Northridge, California. Founded in 1971 by Barrett K. Levesque, the company provides comprehensive human resources outsourcing solutions to small and mid-sized businesses. Through its consultative model, Barrett Business Services helps clients streamline administrative processes, mitigate regulatory risk and focus on core operations.

The company’s core offerings include payroll administration, employee benefits management, workers’ compensation and risk management services.