4,500 Shares in Barrett Business Services, Inc. (BBSI) Acquired by Alliancebernstein L.P.

Alliancebernstein L.P. bought a new stake in Barrett Business Services, Inc. (NASDAQ:BBSI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,500 shares of the business services provider’s stock, valued at approximately $258,000. Alliancebernstein L.P. owned approximately 0.06% of Barrett Business Services as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. American International Group Inc. grew its holdings 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 acquiring an additional 290 shares in the last quarter. Ironwood Investment Management LLC grew its holdings in shares of Barrett Business Services by 0.6% in the second quarter. Ironwood Investment Management LLC now owns 62,885 shares of the business services provider’s stock valued at $3,603,000 after acquiring an additional 400 shares in the last quarter. Morgan Stanley grew its holdings in shares of Barrett Business Services by 1.5% in the first quarter. Morgan Stanley now owns 75,410 shares of the business services provider’s stock valued at $4,119,000 after acquiring an additional 1,091 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Barrett Business Services by 2.4% in the first quarter. Bank of New York Mellon Corp now owns 52,647 shares of the business services provider’s stock valued at $2,876,000 after acquiring an additional 1,211 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings 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 acquiring an additional 2,053 shares in the last quarter. 73.34% of the stock is owned by institutional investors.

BBSI has been the subject of several recent analyst reports. BidaskClub lowered Barrett Business Services from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. TheStreet upgraded Barrett Business Services from a “c” rating to a “b-” rating in a research note on Wednesday, August 9th. Finally, ValuEngine downgraded Barrett Business Services from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th.

Barrett Business Services, Inc. (NASDAQ BBSI) opened at $64.53 on Friday. Barrett Business Services, Inc. has a 12 month low of $44.52 and a 12 month high of $66.93. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $471.09, a P/E ratio of 20.68 and a beta of 1.47.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $1.00 annualized dividend and a yield of 1.55%. Barrett Business Services’s payout ratio is 33.78%.

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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.

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

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