Inspire Advisors LLC Buys 818 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

Inspire Advisors LLC raised its stake in Barrett Business Services, Inc. (NASDAQ:BBSI) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,123 shares of the business services provider’s stock after purchasing an additional 818 shares during the period. Inspire Advisors LLC owned 0.12% of Barrett Business Services worth $1,309,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mawer Investment Management Ltd. increased its stake in Barrett Business Services by 236.4% in 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 purchasing an additional 1,289,147 shares in the last quarter. Geode Capital Management LLC increased its stake in Barrett Business Services by 4.8% in 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 purchasing an additional 32,632 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Barrett Business Services by 19.3% in the third quarter. JPMorgan Chase & Co. now owns 546,510 shares of the business services provider’s stock valued at $20,500,000 after purchasing an additional 88,350 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in Barrett Business Services in the third quarter valued at $16,422,000. Finally, Foundry Partners LLC increased its stake in Barrett Business Services by 1.0% in the third quarter. Foundry Partners LLC now owns 180,995 shares of the business services provider’s stock valued at $6,789,000 after purchasing an additional 1,735 shares in the last quarter. 86.76% of the stock is owned by institutional investors.

Barrett Business Services Price Performance

NASDAQ:BBSI opened at $39.11 on Tuesday. The firm has a 50-day moving average of $42.21 and a 200-day moving average of $40.22. The company has a market cap of $1.01 billion, a PE ratio of 20.64, a PEG ratio of 1.21 and a beta of 1.31. Barrett Business Services, Inc. has a one year low of $28.42 and a one year high of $44.97.

Barrett Business Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Friday, March 14th. Barrett Business Services’s payout ratio is presently 16.08%.

Wall Street Analyst Weigh In

BBSI has been the subject of several research analyst reports. StockNews.com raised shares of Barrett Business Services from a “hold” rating to a “buy” rating in a research note on Friday. Barrington Research reissued an “outperform” rating and set a $45.00 target price on shares of Barrett Business Services in a research report on Wednesday, December 11th.

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.