Arrowstreet Capital Limited Partnership Sells 2,051 Shares of Barrett Business Services, Inc. (BBSI)

Arrowstreet Capital Limited Partnership decreased its position in Barrett Business Services, Inc. (NASDAQ:BBSI) by 2.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,750 shares of the business services provider’s stock after selling 2,051 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.97% of Barrett Business Services worth $4,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in BBSI. First Quadrant L P CA bought a new stake in Barrett Business Services in the 2nd quarter worth approximately $190,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Barrett Business Services in the 1st quarter worth approximately $207,000. American International Group Inc. lifted its position 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 buying an additional 290 shares during the last quarter. Alliancebernstein L.P. bought a new stake in Barrett Business Services in the 2nd quarter worth approximately $258,000. Finally, Voya Investment Management LLC lifted its position 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 buying an additional 501 shares during the last quarter. Institutional investors own 73.62% of the company’s stock.

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A number of analysts recently weighed in on the company. TheStreet upgraded Barrett Business Services from a “c” rating to a “b-” rating in a research report on Wednesday, August 9th. BidaskClub downgraded Barrett Business Services from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Finally, ValuEngine upgraded Barrett Business Services from a “hold” rating to a “buy” rating in a research report on Friday, September 1st.

Barrett Business Services, Inc. (NASDAQ:BBSI) opened at 58.09 on Tuesday. The firm has a 50-day moving average price of $54.73 and a 200-day moving average price of $55.68. The stock has a market capitalization of $423.77 million, a PE ratio of 23.40 and a beta of 1.37. Barrett Business Services, Inc. has a 52 week low of $42.59 and a 52 week high of $66.93.

Barrett Business Services (NASDAQ:BBSI) last posted its quarterly earnings data on Tuesday, August 8th. The business services provider reported $1.47 earnings per share (EPS) for the quarter. The business had revenue of $1.30 billion during the quarter. Barrett Business Services had a return on equity of 33.55% and a net margin of 2.06%. Equities research analysts predict that Barrett Business Services, Inc. will post $3.43 EPS for the current fiscal year.

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.

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

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