Inspire Advisors LLC Grows Holdings in Barrett Business Services, Inc. (NASDAQ:BBSI)

Inspire Advisors LLC increased its position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,123 shares of the business services provider’s stock after purchasing an additional 818 shares during the quarter. Inspire Advisors LLC’s holdings in Barrett Business Services were worth $1,309,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BBSI. Mawer Investment Management Ltd. boosted its holdings in Barrett Business Services by 236.4% during the third quarter. Mawer Investment Management Ltd. now owns 1,834,452 shares of the business services provider’s stock worth $68,810,000 after purchasing an additional 1,289,147 shares during the last quarter. Thrivent Financial for Lutherans purchased a new position in Barrett Business Services during the third quarter worth about $16,422,000. JPMorgan Chase & Co. boosted its holdings in Barrett Business Services by 19.3% during the third quarter. JPMorgan Chase & Co. now owns 546,510 shares of the business services provider’s stock worth $20,500,000 after purchasing an additional 88,350 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Barrett Business Services by 4.8% during the third quarter. Geode Capital Management LLC now owns 705,598 shares of the business services provider’s stock worth $26,471,000 after purchasing an additional 32,632 shares during the last quarter. Finally, Chatham Capital Group Inc. purchased a new position in Barrett Business Services during the fourth quarter worth about $1,236,000. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Barrington Research reiterated an “outperform” rating and issued a $45.00 target price on shares of Barrett Business Services in a research note on Wednesday, December 11th. StockNews.com upgraded shares of Barrett Business Services from a “hold” rating to a “buy” rating in a research note on Friday.

Barrett Business Services Stock Down 2.0 %

BBSI opened at $39.11 on Tuesday. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 1.21 and a beta of 1.31. Barrett Business Services, Inc. has a twelve month low of $28.42 and a twelve month high of $44.97. The company’s 50-day moving average price is $42.21 and its two-hundred day moving average price is $40.22.

Barrett Business Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Friday, March 14th. Barrett Business Services’s payout ratio is 16.08%.

Barrett Business Services Company 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.