Robeco Institutional Asset Management B.V. Makes New $235,000 Investment in Barrett Business Services, Inc. (NASDAQ:BBSI)

Robeco Institutional Asset Management B.V. purchased a new position in Barrett Business Services, Inc. (NASDAQ:BBSI – Get Rating) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,017 shares of the business services provider’s stock, valued at approximately $235,000.

→ Defy New Year Volatility with Artificial Intelligence (From Vantage Point)pixel

A number of other large investors have also bought and sold shares of BBSI. Captrust Financial Advisors increased its stake in shares of Barrett Business Services by 1.4% during the first quarter. Captrust Financial Advisors now owns 11,904 shares of the business services provider’s stock valued at $926,000 after buying an additional 170 shares during the period. Lazard Asset Management LLC boosted its position in shares of Barrett Business Services by 26.9% during the first quarter. Lazard Asset Management LLC now owns 1,029 shares of the business services provider’s stock valued at $79,000 after purchasing an additional 218 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Barrett Business Services by 8.3% during the second quarter. Legal & General Group Plc now owns 3,348 shares of the business services provider’s stock valued at $244,000 after purchasing an additional 256 shares in the last quarter. Dorsey Wright & Associates bought a new stake in shares of Barrett Business Services during the second quarter valued at approximately $36,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Barrett Business Services by 4,307.1% during the first quarter. PNC Financial Services Group Inc. now owns 617 shares of the business services provider’s stock valued at $49,000 after purchasing an additional 603 shares in the last quarter. 86.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Barrett Business Services from a “buy” rating to a “strong-buy” rating in a report on Friday, November 4th.

Barrett Business Services Price Performance

BBSI stock opened at $97.53 on Friday. Barrett Business Services, Inc. has a 1-year low of $57.76 and a 1-year high of $100.79. The business has a fifty day moving average price of $95.32 and a 200-day moving average price of $85.70. The stock has a market capitalization of $678.81 million, a P/E ratio of 15.31, a P/E/G ratio of 0.96 and a beta of 1.31.

Barrett Business Services (NASDAQ:BBSI – Get Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The business services provider reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.28. Barrett Business Services had a return on equity of 25.05% and a net margin of 4.46%. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.87 billion. As a group, analysts anticipate that Barrett Business Services, Inc. will post 6.55 earnings per share for the current year.

Barrett Business Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 2nd. Stockholders of record on Friday, November 18th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Thursday, November 17th. Barrett Business Services’s dividend payout ratio is currently 18.84%.

Barrett Business Services Profile

(Get Rating)

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.

Read More

Institutional Ownership by Quarter for Barrett Business Services (NASDAQ:BBSI)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Before you consider Barrett Business Services, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Barrett Business Services wasn’t on the list.

While Barrett Business Services currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10