Los Angeles Capital Management LLC Sells 25,333 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

Los Angeles Capital Management LLC decreased its position in Barrett Business Services, Inc. (NASDAQ:BBSI) by 51.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 23,550 shares of the business services provider’s stock after selling 25,333 shares during the quarter. Los Angeles Capital Management LLC owned 0.09% of Barrett Business Services worth $1,023,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in BBSI. Truvestments Capital LLC bought a new stake in shares of Barrett Business Services in the 3rd quarter worth about $34,000. Westside Investment Management Inc. bought a new stake in shares of Barrett Business Services in the 3rd quarter worth about $34,000. Huntington National Bank acquired a new position in Barrett Business Services during the 3rd quarter worth about $39,000. Quantbot Technologies LP acquired a new position in Barrett Business Services during the 3rd quarter worth about $77,000. Finally, Continental Investors Services Inc. acquired a new position in Barrett Business Services during the 3rd quarter worth about $216,000. Institutional investors own 86.76% of the company’s stock.

Barrett Business Services Trading Down 0.1 %

Barrett Business Services stock opened at $40.25 on Friday. 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 cap of $1.04 billion, a PE ratio of 21.24, a PEG ratio of 1.21 and a beta of 1.41. The company’s 50-day moving average is $42.58 and its two-hundred day moving average is $39.99.

Barrett Business Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.80%. Barrett Business Services’s dividend payout ratio (DPR) is presently 16.93%.

Analyst Upgrades and Downgrades

BBSI has been the topic of several research reports. Roth Mkm upped their price target on shares of Barrett Business Services from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. StockNews.com downgraded shares of Barrett Business Services from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Barrington Research reiterated an “outperform” rating and set a $45.00 price target on shares of Barrett Business Services in a research report on Wednesday, December 11th.

Insider Activity

In other news, Director Thomas B. Cusick sold 3,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $43.41, for a total value of $130,230.00. Following the completion of the sale, the director now directly owns 27,776 shares of the company’s stock, valued at $1,205,756.16. This represents a 9.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.70% of the stock is currently owned by company insiders.

About Barrett Business Services

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.