Barrett Business Services’ (BBSI) Outperform Rating Reaffirmed at Barrington Research

Barrington Research restated their outperform rating on shares of Barrett Business Services (NASDAQ:BBSI) in a research note published on Wednesday,Benzinga reports. The brokerage currently has a $45.00 price target on the business services provider’s stock.

Separately, StockNews.com raised Barrett Business Services from a “hold” rating to a “buy” rating in a research report on Friday, March 7th.

Barrett Business Services Stock Up 0.6 %

Shares of NASDAQ:BBSI opened at $39.81 on Wednesday. The stock has a market cap of $1.03 billion, a P/E ratio of 21.01, a price-to-earnings-growth ratio of 1.21 and a beta of 1.31. The business’s 50 day moving average is $42.04 and its 200 day moving average is $40.27. Barrett Business Services has a 52-week low of $28.42 and a 52-week high of $44.97.

Barrett Business Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.08 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.80%. Barrett Business Services’s dividend payout ratio (DPR) is 16.08%.

Hedge Funds Weigh In On Barrett Business Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Prudent Man Investment Management Inc. purchased a new position in shares of Barrett Business Services during the 4th quarter valued at about $35,000. Truvestments Capital LLC purchased a new position in shares of Barrett Business Services during the 3rd quarter valued at about $34,000. Westside Investment Management Inc. acquired a new stake in shares of Barrett Business Services during the 3rd quarter valued at about $34,000. Huntington National Bank acquired a new stake in shares of Barrett Business Services during the 3rd quarter valued at about $39,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Barrett Business Services during the 3rd quarter valued at about $77,000. Hedge funds and other institutional investors own 86.76% of the company’s stock.

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.