California State Teachers Retirement System reduced its position in Barrett Business Services Inc. (NASDAQ:BBSI) by 1.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,800 shares of the company’s stock after selling 291 shares during the period. California State Teachers Retirement System owned 0.21% of Barrett Business Services worth $612,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Foundry Partners LLC raised its position in Barrett Business Services by 0.3% in the second quarter. Foundry Partners LLC now owns 65,295 shares of the company’s stock worth $2,698,000 after buying an additional 175 shares during the last quarter. Bank of New York Mellon Corp raised its position in Barrett Business Services by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 46,981 shares of the company’s stock worth $1,941,000 after buying an additional 236 shares during the last quarter. State Street Corp raised its position in Barrett Business Services by 2.8% in the first quarter. State Street Corp now owns 134,876 shares of the company’s stock worth $3,882,000 after buying an additional 3,677 shares during the last quarter. A.R.T. Advisors LLC raised its position in Barrett Business Services by 29.5% in the first quarter. A.R.T. Advisors LLC now owns 35,206 shares of the company’s stock worth $1,012,000 after buying an additional 8,010 shares during the last quarter. Finally, Palo Capital Inc. bought a new position in Barrett Business Services during the second quarter worth approximately $568,000. 67.44% of the stock is owned by hedge funds and other institutional investors.
Shares of Barrett Business Services Inc. (NASDAQ:BBSI) traded down 1.21% during midday trading on Thursday, hitting $49.08. The company had a trading volume of 40,856 shares. Barrett Business Services Inc. has a 1-year low of $22.55 and a 1-year high of $53.00. The stock has a 50 day moving average price of $47.58 and a 200 day moving average price of $38.66. The firm has a market capitalization of $355.49 million, a P/E ratio of 15.72 and a beta of 0.91.
Barrett Business Services (NASDAQ:BBSI) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $1.30 earnings per share for the quarter. Barrett Business Services had a net margin of 2.99% and a return on equity of 51.71%. The company earned $203.40 million during the quarter, compared to analyst estimates of $182 million. On average, equities analysts anticipate that Barrett Business Services Inc. will post $3.43 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Monday, August 22nd were issued a $0.22 dividend. The ex-dividend date was Thursday, August 18th. This represents a $0.88 dividend on an annualized basis and a yield of 1.77%. Barrett Business Services’s payout ratio is currently 27.76%.
Separately, TheStreet lowered Barrett Business Services from a “buy” rating to a “hold” rating in a report on Thursday, June 23rd.
About Barrett Business Services
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.
Want to see what other hedge funds are holding BBSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Barrett Business Services Inc. (NASDAQ:BBSI).
Receive News & Ratings for Barrett Business Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrett Business Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.