Jane Street Group LLC Sells 3,616 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

Jane Street Group LLC decreased its stake in Barrett Business Services, Inc. (NASDAQ:BBSI) by 13.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,132 shares of the business services provider’s stock after selling 3,616 shares during the period. Jane Street Group LLC’s holdings in Barrett Business Services were worth $868,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Pacific Ridge Capital Partners LLC increased its position in Barrett Business Services by 259.8% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 378,786 shares of the business services provider’s stock valued at $12,413,000 after purchasing an additional 273,516 shares during the period. Ironwood Investment Management LLC boosted its stake in shares of Barrett Business Services by 155.0% in the 2nd quarter. Ironwood Investment Management LLC now owns 87,856 shares of the business services provider’s stock valued at $2,879,000 after purchasing an additional 53,405 shares during the last quarter. Mawer Investment Management Ltd. increased its position in shares of Barrett Business Services by 236.4% during the third quarter. Mawer Investment Management Ltd. now owns 1,834,452 shares of the business services provider’s stock worth $68,810,000 after buying an additional 1,289,147 shares during the period. EP Wealth Advisors LLC acquired a new stake in shares of Barrett Business Services during the second quarter worth $758,000. Finally, Dimensional Fund Advisors LP raised its stake in Barrett Business Services by 281.9% during the second quarter. Dimensional Fund Advisors LP now owns 867,708 shares of the business services provider’s stock worth $28,435,000 after buying an additional 640,508 shares during the last quarter. 86.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BBSI has been the topic of a number of research analyst reports. StockNews.com raised shares of Barrett Business Services from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. Barrington Research restated an “outperform” rating and set a $45.00 target price on shares of Barrett Business Services in a research report on Wednesday, December 11th. Finally, Roth Mkm lifted their target price on Barrett Business Services from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, November 7th.

Barrett Business Services Trading Up 0.2 %

NASDAQ:BBSI opened at $43.44 on Thursday. The firm has a fifty day simple moving average of $41.73 and a two-hundred day simple moving average of $37.58. Barrett Business Services, Inc. has a 12 month low of $27.06 and a 12 month high of $44.39. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 1.46 and a beta of 1.42.

Barrett Business Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Friday, November 22nd. Barrett Business Services’s payout ratio is 16.93%.

Insider Activity at Barrett Business Services

In related news, Director Thomas J. Carley sold 4,584 shares of Barrett Business Services stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.24, for a total value of $189,044.16. Following the completion of the sale, the director now owns 91,628 shares of the company’s stock, valued at approximately $3,778,738.72. This trade represents a 4.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas B. Cusick sold 3,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $43.41, for a total transaction of $130,230.00. Following the transaction, the director now owns 27,776 shares in the company, valued at approximately $1,205,756.16. The trade was a 9.75 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

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.