Barrett Business Services (NASDAQ:BBSI) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, December 27th.
Separately, ValuEngine cut Barrett Business Services from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th.
Barrett Business Services (BBSI) traded down $0.51 during trading on Wednesday, hitting $68.28. 51,026 shares of the stock traded hands, compared to its average volume of 32,383. The company has a market capitalization of $484.45, a PE ratio of 23.07 and a beta of 1.51. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.05. Barrett Business Services has a 52-week low of $44.52 and a 52-week high of $69.32.
A number of hedge funds and other institutional investors have recently bought and sold shares of BBSI. Schwab Charles Investment Management Inc. boosted its position in Barrett Business Services by 12.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 31,497 shares of the business services provider’s stock valued at $1,805,000 after buying an additional 3,452 shares during the period. Wells Fargo & Company MN boosted its position in Barrett Business Services by 13.5% during the second quarter. Wells Fargo & Company MN now owns 32,052 shares of the business services provider’s stock valued at $1,836,000 after buying an additional 3,812 shares during the period. HPM Partners LLC boosted its position in Barrett Business Services by 175.1% during the second quarter. HPM Partners LLC now owns 13,372 shares of the business services provider’s stock valued at $4,227,000 after buying an additional 8,512 shares during the period. Alliancebernstein L.P. purchased a new stake in Barrett Business Services during the second quarter valued at about $258,000. Finally, AJO LP purchased a new stake in shares of Barrett Business Services during the second quarter worth about $2,895,000. Institutional investors and hedge funds own 76.80% of the company’s stock.
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Barrett Business Services Company Profile
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.
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