Corebridge Financial Inc. Reduces Stock Position in Barrett Business Services, Inc. (NASDAQ:BBSI)

Corebridge Financial Inc. decreased its position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,740 shares of the business services provider’s stock after selling 962 shares during the quarter. Corebridge Financial Inc.’s holdings in Barrett Business Services were worth $553,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of BBSI. Tieton Capital Management LLC raised its holdings in Barrett Business Services by 23.2% during the fourth quarter. Tieton Capital Management LLC now owns 251,628 shares of the business services provider’s stock worth $10,931,000 after purchasing an additional 47,447 shares during the last quarter. Bridge City Capital LLC increased its position in shares of Barrett Business Services by 3.5% in the fourth quarter. Bridge City Capital LLC now owns 83,269 shares of the business services provider’s stock valued at $3,617,000 after buying an additional 2,796 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Barrett Business Services during the 4th quarter worth $209,000. Hillsdale Investment Management Inc. boosted its position in shares of Barrett Business Services by 0.5% in the 4th quarter. Hillsdale Investment Management Inc. now owns 164,780 shares of the business services provider’s stock worth $7,158,000 after buying an additional 800 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd grew its stake in Barrett Business Services by 165.7% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 10,596 shares of the business services provider’s stock valued at $459,000 after acquiring an additional 6,608 shares during the last quarter. Institutional investors and hedge funds own 86.76% of the company’s stock.

Wall Street Analysts Forecast Growth

BBSI has been the subject of a number of research reports. StockNews.com upgraded shares of Barrett Business Services from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Barrington Research restated an “outperform” rating and set a $45.00 price objective on shares of Barrett Business Services in a research report on Wednesday, March 12th.

Barrett Business Services Trading Down 0.6 %

Barrett Business Services stock opened at $39.24 on Tuesday. The stock has a market cap of $1.01 billion, a PE ratio of 20.71, a P/E/G ratio of 1.21 and a beta of 1.09. The stock has a 50-day moving average price of $41.17 and a 200 day moving average price of $40.88. Barrett Business Services, Inc. has a 52 week low of $28.42 and a 52 week high of $44.97.

Barrett Business Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, March 14th. Barrett Business Services’s dividend payout ratio is presently 16.08%.

About Barrett Business Services

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.