Barrett Business Services Inc. (NASDAQ:BBSI) saw an uptick in trading volume on Tuesday . 64,924 shares changed hands during mid-day trading, a decline of 21% from the previous session’s volume of 81,716 shares.The stock last traded at $39.42 and had previously closed at $39.80.

Separately, TheStreet downgraded shares of Barrett Business Services from a “buy” rating to a “hold” rating in a research report on Thursday, June 23rd.

The firm has a 50 day moving average of $36.66 and a 200-day moving average of $34.44. The company has a market cap of $293.81 million and a P/E ratio of 12.85.

Barrett Business Services (NASDAQ:BBSI) last announced its earnings results on Wednesday, June 22nd. The company reported ($1.11) earnings per share for the quarter. The business had revenue of $191 billion for the quarter, compared to the consensus estimate of $166 million. On average, analysts expect that Barrett Business Services Inc. will post $3.43 earnings per share for the current year.

In related news, Director Jon L. Justesen bought 1,000 shares of the stock in a transaction on Saturday, May 7th. The stock was bought at an average price of $46.81 per share, with a total value of $46,810.00. Following the completion of the purchase, the director now directly owns 12,628 shares in the company, valued at approximately $591,116.68. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Other hedge funds and institutional investors recently made changes to their positions in the company. Morgan Stanley raised its position in shares of Barrett Business Services by 84.0% in the fourth quarter. Morgan Stanley now owns 114,087 shares of the company’s stock valued at $4,968,000 after buying an additional 52,099 shares during the period. California Public Employees Retirement System raised its position in shares of Barrett Business Services by 13.4% in the fourth quarter. California Public Employees Retirement System now owns 101,500 shares of the company’s stock valued at $4,419,000 after buying an additional 12,000 shares during the period. Finally, Tieton Capital Management LLC raised its position in shares of Barrett Business Services by 3.4% in the fourth quarter. Tieton Capital Management LLC now owns 142,834 shares of the company’s stock valued at $6,219,000 after buying an additional 4,720 shares during the period.

Barrett Business Services, Inc is a provider of business management solutions for small-and mid-sized companies. The Company has developed a management platform that integrates an approach from the management consulting industry with tools from the human resource outsourcing industry. The Company offers two categories of services: Professional Employer Services (PEO) and Staffing.

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