Hillsdale Investment Management Inc. Has $7.16 Million Stake in Barrett Business Services, Inc. (NASDAQ:BBSI)

Hillsdale Investment Management Inc. grew its position in Barrett Business Services, Inc. (NASDAQ:BBSI) by 0.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 164,780 shares of the business services provider’s stock after purchasing an additional 800 shares during the period. Hillsdale Investment Management Inc.’s holdings in Barrett Business Services were worth $7,158,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Westside Investment Management Inc. acquired a new stake in shares of Barrett Business Services during the third quarter worth $34,000. Truvestments Capital LLC acquired a new stake in shares of Barrett Business Services during the third quarter worth $34,000. Quantbot Technologies LP acquired a new stake in shares of Barrett Business Services during the third quarter worth $77,000. Continental Investors Services Inc. acquired a new stake in shares of Barrett Business Services during the third quarter worth $216,000. Finally, Longboard Asset Management LP acquired a new stake in shares of Barrett Business Services during the fourth quarter worth $217,000. 86.76% of the stock is owned by institutional investors and hedge funds.

Barrett Business Services Stock Performance

BBSI opened at $40.82 on Friday. The business’s 50-day simple moving average is $41.72 and its 200 day simple moving average is $40.44. The firm has a market capitalization of $1.05 billion, a PE ratio of 21.54, a PEG ratio of 1.21 and a beta of 1.31. Barrett Business Services, Inc. has a 52-week low of $28.42 and a 52-week high of $44.97.

Barrett Business Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Friday, March 14th. Barrett Business Services’s dividend payout ratio (DPR) is presently 16.08%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BBSI. StockNews.com raised Barrett Business Services from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Barrington Research reiterated an “outperform” rating and set a $45.00 target price on shares of Barrett Business Services in a report on Wednesday, March 12th.

Barrett Business Services Profile

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.