Bessemer Group Inc. increased its position in Barrett Business Services, Inc. (NASDAQ:BBSI) by 1,933.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,100 shares of the business services provider’s stock after acquiring an additional 5,800 shares during the period. Bessemer Group Inc. owned approximately 0.08% of Barrett Business Services worth $345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. First Quadrant L P CA purchased a new position in Barrett Business Services in the 2nd quarter worth $190,000. American International Group Inc. raised its stake in Barrett Business Services by 7.1% in the 1st quarter. American International Group Inc. now owns 4,347 shares of the business services provider’s stock worth $237,000 after acquiring an additional 290 shares during the last quarter. Alliancebernstein L.P. purchased a new position in Barrett Business Services in the 2nd quarter worth $258,000. Voya Investment Management LLC raised its stake in Barrett Business Services by 12.0% in the 2nd quarter. Voya Investment Management LLC now owns 4,673 shares of the business services provider’s stock worth $268,000 after acquiring an additional 501 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Barrett Business Services by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,737 shares of the business services provider’s stock worth $329,000 after purchasing an additional 166 shares during the period. Institutional investors own 72.99% of the company’s stock.

Several equities research analysts have weighed in on the company. BidaskClub downgraded Barrett Business Services from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. ValuEngine raised Barrett Business Services from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, TheStreet raised Barrett Business Services from a “c” rating to a “b-” rating in a research report on Wednesday, August 9th.

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Shares of Barrett Business Services, Inc. (NASDAQ BBSI) opened at $64.38 on Friday. The firm has a market capitalization of $470.00, a PE ratio of 20.63 and a beta of 1.47. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.91 and a current ratio of 0.91. Barrett Business Services, Inc. has a 12-month low of $44.52 and a 12-month high of $66.93.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 24th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Wednesday, November 22nd. Barrett Business Services’s dividend payout ratio is currently 33.78%.

Barrett Business Services Profile

Barrett Business Services, Inc (BBSI) is a provider of business management solutions for small and mid-sized companies. The Company has developed a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry.

Institutional Ownership by Quarter for Barrett Business Services (NASDAQ:BBSI)

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