Vanguard Group Inc. Has $20.51 Million Holdings in Barrett Business Services, Inc. (BBSI)

Vanguard Group Inc. raised its stake in Barrett Business Services, Inc. (NASDAQ:BBSI) by 3.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 357,932 shares of the business services provider’s stock after acquiring an additional 11,632 shares during the quarter. Vanguard Group Inc. owned approximately 4.94% of Barrett Business Services worth $20,506,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. First Quadrant L P CA purchased a new stake in shares of Barrett Business Services in the second quarter valued at approximately $190,000. American International Group Inc. increased its position in shares of Barrett Business Services by 7.1% in the first quarter. American International Group Inc. now owns 4,347 shares of the business services provider’s stock valued at $237,000 after buying an additional 290 shares in the last quarter. Alliancebernstein L.P. purchased a new stake in shares of Barrett Business Services in the second quarter valued at approximately $258,000. Teachers Advisors LLC increased its position in shares of Barrett Business Services by 10.0% in the second quarter. Teachers Advisors LLC now owns 13,220 shares of the business services provider’s stock valued at $757,000 after buying an additional 1,198 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Barrett Business Services by 11.9% in the first quarter. Goldman Sachs Group Inc. now owns 19,280 shares of the business services provider’s stock valued at $1,053,000 after buying an additional 2,053 shares in the last quarter. Institutional investors and hedge funds own 72.99% of the company’s stock.

A number of research firms have recently commented on BBSI. TheStreet upgraded Barrett Business Services from a “c” rating to a “b-” rating in a research report on Wednesday, August 9th. BidaskClub cut Barrett Business Services from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Finally, ValuEngine cut Barrett Business Services from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th.

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Shares of Barrett Business Services, Inc. (BBSI) opened at $63.48 on Wednesday. The company has a market capitalization of $470.95, a P/E ratio of 20.68 and a beta of 1.47. Barrett Business Services, Inc. has a 12-month low of $44.52 and a 12-month high of $66.93. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.91 and a quick ratio of 0.91.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 24th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Wednesday, November 22nd. Barrett Business Services’s dividend payout ratio (DPR) is presently 33.78%.

About Barrett Business Services

Barrett Business Services, Inc (BBSI) is a provider of business management solutions for small and mid-sized companies. The Company has developed a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry.

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

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