Barrett Business Services, Inc. (NASDAQ:BBSI) Position Lessened by Equitable Trust Co.

Equitable Trust Co. trimmed its position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 11.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,335 shares of the business services provider’s stock after selling 4,705 shares during the period. Equitable Trust Co.’s holdings in Barrett Business Services were worth $1,535,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Summit Global Investments increased its position in Barrett Business Services by 1.5% during the third quarter. Summit Global Investments now owns 24,456 shares of the business services provider’s stock worth $917,000 after buying an additional 352 shares during the last quarter. BNP Paribas Financial Markets increased its position in Barrett Business Services by 5.8% during the third quarter. BNP Paribas Financial Markets now owns 12,310 shares of the business services provider’s stock worth $462,000 after buying an additional 679 shares during the last quarter. Franklin Resources Inc. increased its position in Barrett Business Services by 1.7% during the third quarter. Franklin Resources Inc. now owns 42,790 shares of the business services provider’s stock worth $1,590,000 after buying an additional 704 shares during the last quarter. Truvestments Capital LLC acquired a new position in Barrett Business Services during the third quarter worth $34,000. Finally, Westside Investment Management Inc. acquired a new position in Barrett Business Services during the third quarter worth $34,000. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Thomas B. Cusick sold 3,000 shares of Barrett Business Services stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $43.41, for a total transaction of $130,230.00. Following the sale, the director now directly owns 27,776 shares of the company’s stock, valued at $1,205,756.16. This trade represents a 9.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas J. Carley sold 4,584 shares of Barrett Business Services stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $41.24, for a total value of $189,044.16. Following the sale, the director now directly owns 91,628 shares in the company, valued at approximately $3,778,738.72. This trade represents a 4.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on BBSI. StockNews.com raised shares of Barrett Business Services from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. Barrington Research reaffirmed an “outperform” rating and issued a $45.00 price target on shares of Barrett Business Services in a research report on Wednesday, December 11th. Finally, Roth Mkm raised their price target on Barrett Business Services from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, November 7th.

Barrett Business Services Stock Performance

Shares of NASDAQ:BBSI opened at $42.86 on Tuesday. The company has a market cap of $1.11 billion, a P/E ratio of 22.62, a P/E/G ratio of 1.31 and a beta of 1.41. The stock’s 50-day moving average is $43.17 and its 200-day moving average is $39.49. Barrett Business Services, Inc. has a 52-week low of $27.06 and a 52-week high of $44.97.

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.