1 week Ago By Defense World Staff
KLP Kapitalforvaltning AS purchased a new position in Barrett Business Services, Inc. (NASDAQ:BBSI – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,800 shares of the business services provider’s stock, valued at approximately $209,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Thrivent Financial for Lutherans boosted its stake in Barrett Business Services by 272.7% during the fourth quarter.
Thrivent Financial for Lutherans now owns 1,631,644 shares of the business services provider’s stock worth $70,879,000 after acquiring an additional 1,193,839 shares in the last quarter. Geode Capital Management LLC raised its stake in Barrett Business Services by 4.8% during the 3rd quarter.
Geode Capital Management LLC now owns 705,598 shares of the business services provider’s stock worth $26,471,000 after buying an additional 32,632 shares during the period. JPMorgan Chase & Co. boosted its holdings in Barrett Business Services by 19.
3% in the third quarter. JPMorgan Chase & Co. now owns 546,510 shares of the business services provider’s stock worth $20,500,000 after acquiring an additional 88,350 shares in the last quarter.
Hillsdale Investment Management Inc. grew its stake in Barrett Business Services by 0.5% in the fourth quarter.
Hillsdale Investment Management Inc. now owns 164,780 shares of the business services provider’s stock valued at $7,158,000 after acquiring an additional 800 shares during the period. Finally, Barclays PLC increased its holdings in shares of Barrett Business Services by 42.
9% during the third quarter. Barclays PLC now owns 61,332 shares of the business services provider’s stock valued at $2,300,000 after acquiring an additional 18,414 shares in the last quarter. Institutional investors and hedge funds own 86.
76% of the company’s stock. Barrett Business Services Price PerformanceBBSI opened at $39.24 on Tuesday.
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 $1.01 billion, a price-to-earnings ratio of 20.
71, a P/E/G ratio of 1.21 and a beta of 1.09.
The firm’s fifty day moving average price is $41.17 and its two-hundred day moving average price is $40.88.
Barrett Business Services Dividend AnnouncementThe company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.08 per share.
This represents a $0.32 annualized dividend and a yield of 0.82%.
The ex-dividend date was Friday, March 14th. Barrett Business Services’s dividend payout ratio (DPR) is presently 16.08%.
Analyst Ratings ChangesBBSI has been the topic of a number of recent research reports. 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 restated an “outperform” rating and issued a $45.00 target price on shares of Barrett Business Services in a report on Wednesday, March 12th.Check Out Our Latest Stock Analysis on Barrett Business ServicesBarrett Business Services Profile (Free Report)Barrett Business Services, Inc provides business management solutions for small and mid-sized companies in the United States.
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