Squarepoint Ops LLC Decreases Stake in Barrett Business Services, Inc. (BBSI)

Squarepoint Ops LLC decreased its position in Barrett Business Services, Inc. (NASDAQ:BBSI) by 21.0% during the 4th quarter, Holdings Channel reports. The firm owned 5,429 shares of the business services provider’s stock after selling 1,439 shares during the period. Squarepoint Ops LLC’s holdings in Barrett Business Services were worth $311,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of BBSI. BlackRock Inc. grew its position in Barrett Business Services by 1.5% during the third quarter. BlackRock Inc. now owns 483,833 shares of the business services provider’s stock worth $32,311,000 after buying an additional 7,001 shares in the last quarter. Acadian Asset Management LLC grew its position in Barrett Business Services by 20.7% during the fourth quarter. Acadian Asset Management LLC now owns 19,660 shares of the business services provider’s stock worth $1,127,000 after buying an additional 3,378 shares in the last quarter. MetLife Investment Advisors LLC grew its position in Barrett Business Services by 55.1% during the third quarter. MetLife Investment Advisors LLC now owns 5,209 shares of the business services provider’s stock worth $348,000 after buying an additional 1,851 shares in the last quarter. Martingale Asset Management L P grew its position in Barrett Business Services by 32.6% during the fourth quarter. Martingale Asset Management L P now owns 35,014 shares of the business services provider’s stock worth $2,006,000 after buying an additional 8,601 shares in the last quarter. Finally, Aptus Capital Advisors LLC acquired a new stake in Barrett Business Services during the fourth quarter worth approximately $217,000. 80.09% of the stock is currently owned by institutional investors.

In other news, Director Anthony Meeker sold 2,332 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $76.49, for a total value of $178,374.68. Following the completion of the transaction, the director now directly owns 10,327 shares in the company, valued at approximately $789,912.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas J. Carley sold 5,561 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $81.65, for a total value of $454,055.65. Following the completion of the transaction, the director now owns 28,542 shares of the company’s stock, valued at $2,330,454.30. The disclosure for this sale can be found here. Insiders sold a total of 15,572 shares of company stock valued at $1,254,276 over the last quarter. 6.60% of the stock is owned by corporate insiders.

A number of equities research analysts recently issued reports on BBSI shares. BidaskClub raised Barrett Business Services from a “hold” rating to a “buy” rating in a research report on Wednesday, February 20th. Zacks Investment Research raised Barrett Business Services from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Friday, January 18th. Finally, Roth Capital raised their target price on Barrett Business Services from $100.00 to $109.00 and gave the company a “buy” rating in a report on Thursday, February 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $98.67.

Shares of BBSI stock opened at $76.29 on Tuesday. The firm has a market capitalization of $566.38 million, a price-to-earnings ratio of 15.32 and a beta of 0.88. Barrett Business Services, Inc. has a fifty-two week low of $53.10 and a fifty-two week high of $98.76. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.98 and a current ratio of 0.98.

Barrett Business Services (NASDAQ:BBSI) last issued its earnings results on Tuesday, February 26th. The business services provider reported $2.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.47. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.54 billion. Barrett Business Services had a return on equity of 40.14% and a net margin of 4.05%. On average, analysts forecast that Barrett Business Services, Inc. will post 5.41 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Thursday, March 14th. Barrett Business Services’s payout ratio is 20.08%.

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Barrett Business Services Profile

Barrett Business Services, Inc provides business management solutions for small and mid-sized companies in the United States. It develops a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry. The company offers professional employer services under which it enters into a client services agreement to establish a co-employment relationship with each client company, assuming responsibility for payroll, payroll taxes, workers' compensation coverage, and other administration functions for the client's existing workforce.

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

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