Hsbc Holdings PLC Has $247,000 Stock Holdings in Barrett Business Services, Inc. (NASDAQ:BBSI)

Hsbc Holdings PLC raised its position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 256.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,528 shares of the business services provider’s stock after purchasing an additional 5,419 shares during the period. Hsbc Holdings PLC’s holdings in Barrett Business Services were worth $247,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LSV Asset Management raised its holdings in shares of Barrett Business Services by 0.3% during the 1st quarter. LSV Asset Management now owns 30,072 shares of the business services provider’s stock worth $3,811,000 after buying an additional 100 shares in the last quarter. Bridge City Capital LLC raised its stake in Barrett Business Services by 2.4% during the first quarter. Bridge City Capital LLC now owns 14,287 shares of the business services provider’s stock worth $1,810,000 after acquiring an additional 332 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Barrett Business Services by 10.3% in the first quarter. BNP Paribas Financial Markets now owns 5,462 shares of the business services provider’s stock worth $692,000 after acquiring an additional 509 shares during the last quarter. Amalgamated Bank boosted its stake in shares of Barrett Business Services by 300.0% in the 2nd quarter. Amalgamated Bank now owns 936 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 702 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Barrett Business Services by 12,014.3% during the 2nd quarter. CWM LLC now owns 848 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 841 shares during the last quarter. 86.76% of the stock is currently owned by institutional investors.

Barrett Business Services Price Performance

NASDAQ:BBSI opened at $36.89 on Friday. Barrett Business Services, Inc. has a one year low of $21.59 and a one year high of $37.81. The company has a market cap of $965.30 million, a PE ratio of 20.27, a P/E/G ratio of 1.23 and a beta of 1.38. The firm’s 50 day simple moving average is $35.94 and its 200 day simple moving average is $33.39.

Barrett Business Services (NASDAQ:BBSI) last issued its quarterly earnings data on Wednesday, July 31st. The business services provider reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.04. The company had revenue of $279.60 million for the quarter, compared to analysts’ expectations of $273.13 million. Barrett Business Services had a net margin of 4.50% and a return on equity of 25.69%. Barrett Business Services’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 earnings per share. Equities research analysts expect that Barrett Business Services, Inc. will post 1.99 EPS for the current year.

Barrett Business Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a $0.08 dividend. This is a boost from Barrett Business Services’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.32 annualized dividend and a dividend yield of 0.87%. Barrett Business Services’s dividend payout ratio is presently 17.58%.

Insider Transactions at Barrett Business Services

In other Barrett Business Services news, CEO Gary Kramer sold 34,288 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $35.05, for a total transaction of $1,201,794.40. Following the completion of the sale, the chief executive officer now owns 242,543 shares of the company’s stock, valued at approximately $8,501,132.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 35,133 shares of company stock worth $1,231,357 over the last ninety days. 3.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Roth Mkm raised their target price on shares of Barrett Business Services from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Barrington Research raised their price objective on Barrett Business Services from $35.00 to $41.00 and gave the company an “outperform” rating in a report on Thursday, August 1st.

Barrett Business Services Profile

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.