Bosun Asset Management LLC Sells 934 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

Bosun Asset Management LLC reduced its position in Barrett Business Services, Inc. (NASDAQ:BBSI) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,958 shares of the business services provider’s stock after selling 934 shares during the quarter. Bosun Asset Management LLC owned 0.11% of Barrett Business Services worth $1,258,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Prudent Man Investment Management Inc. bought a new stake in shares of Barrett Business Services in the 4th quarter valued at about $35,000. KLP Kapitalforvaltning AS bought a new position in Barrett Business Services in the fourth quarter worth approximately $209,000. Longboard Asset Management LP bought a new stake in Barrett Business Services during the 4th quarter valued at $217,000. Two Sigma Securities LLC purchased a new position in shares of Barrett Business Services in the 4th quarter valued at $218,000. Finally, Brevan Howard Capital Management LP raised its position in shares of Barrett Business Services by 10.8% in the 4th quarter. Brevan Howard Capital Management LP now owns 6,773 shares of the business services provider’s stock worth $294,000 after acquiring an additional 660 shares in the last quarter. 86.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. StockNews.com upgraded Barrett Business Services from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Barrington Research reaffirmed an “outperform” rating and issued a $45.00 price objective on shares of Barrett Business Services in a research report on Wednesday, March 12th.

Barrett Business Services Price Performance

Barrett Business Services stock opened at $41.92 on Tuesday. The business has a fifty day moving average price of $40.28 and a 200-day moving average price of $41.35. Barrett Business Services, Inc. has a 1-year low of $30.68 and a 1-year high of $44.97. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 1.21 and a beta of 1.09.

Barrett Business Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.76%. Barrett Business Services’s payout ratio is 16.08%.

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.