Barrett Business Services, Inc. (NASDAQ:BBSI) Shares Sold by Equitable Trust Co.

Equitable Trust Co. lowered its position in Barrett Business Services, Inc. (NASDAQ:BBSI) by 11.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,335 shares of the business services provider’s stock after selling 4,705 shares during the quarter. Equitable Trust Co. owned about 0.14% of Barrett Business Services worth $1,535,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in BBSI. Mawer Investment Management Ltd. increased its stake in shares of 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 valued at $68,810,000 after acquiring an additional 1,289,147 shares during the period. Geode Capital Management LLC increased its stake in shares of 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 valued at $26,471,000 after acquiring an additional 32,632 shares during the period. JPMorgan Chase & Co. increased its stake in shares of 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 valued at $20,500,000 after acquiring an additional 88,350 shares during the period. Thrivent Financial for Lutherans acquired a new position in shares of Barrett Business Services during the third quarter valued at approximately $16,422,000. Finally, Foundry Partners LLC increased its stake in shares of Barrett Business Services by 1.0% during the third quarter. Foundry Partners LLC now owns 180,995 shares of the business services provider’s stock valued at $6,789,000 after acquiring an additional 1,735 shares during the period. Institutional investors and hedge funds own 86.76% of the company’s stock.

Insiders Place Their Bets

In other news, Director Thomas B. Cusick sold 3,000 shares of Barrett Business Services stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $43.41, for a total transaction of $130,230.00. Following the transaction, the director now owns 27,776 shares in the company, valued at approximately $1,205,756.16. The trade was a 9.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas J. Carley sold 4,584 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.24, for a total value of $189,044.16. Following the transaction, the director now directly owns 91,628 shares in the company, valued at $3,778,738.72. The trade was 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.

Wall Street Analyst Weigh In

A number of research analysts recently commented on BBSI shares. StockNews.com upgraded shares of Barrett Business Services from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Roth Mkm raised their price objective on shares of Barrett Business Services from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Barrington Research reiterated an “outperform” rating and set a $45.00 price objective on shares of Barrett Business Services in a research note on Wednesday, December 11th.

Barrett Business Services Stock Performance

Barrett Business Services stock opened at $42.86 on Tuesday. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 1.31 and a beta of 1.41. Barrett Business Services, Inc. has a 1 year low of $27.06 and a 1 year high of $44.97. The firm’s 50 day moving average price is $43.17 and its two-hundred day moving average price is $39.49.

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.