Schwab Charles Investment Management Inc. grew its stake in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 52.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 47,954 shares of the business services provider’s stock after purchasing an additional 16,457 shares during the period. Schwab Charles Investment Management Inc. owned about 0.66% of Barrett Business Services worth $2,711,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of BBSI. Dynamic Technology Lab Private Ltd bought a new stake in Barrett Business Services during the 3rd quarter worth approximately $245,000. Alliancebernstein L.P. bought a new stake in Barrett Business Services during the 2nd quarter worth approximately $258,000. Voya Investment Management LLC increased its holdings in Barrett Business Services by 12.0% during the 2nd quarter. Voya Investment Management LLC now owns 4,673 shares of the business services provider’s stock worth $268,000 after purchasing an additional 501 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Barrett Business Services by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,737 shares of the business services provider’s stock worth $329,000 after purchasing an additional 166 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in Barrett Business Services by 1,933.3% during the 3rd quarter. Bessemer Group Inc. now owns 6,100 shares of the business services provider’s stock worth $345,000 after purchasing an additional 5,800 shares in the last quarter. 76.80% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have commented on BBSI. ValuEngine lowered Barrett Business Services from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. BidaskClub lowered Barrett Business Services from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th.
Barrett Business Services, Inc. (BBSI) opened at $66.36 on Wednesday. The stock has a market capitalization of $478.54, a P/E ratio of 22.42 and a beta of 1.51. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.05. Barrett Business Services, Inc. has a twelve month low of $44.52 and a twelve month high of $69.32.
Barrett Business Services (NASDAQ:BBSI) last released its earnings results on Tuesday, November 7th. The business services provider reported $1.96 earnings per share (EPS) for the quarter. Barrett Business Services had a return on equity of 34.71% and a net margin of 2.53%. analysts anticipate that Barrett Business Services, Inc. will post 3.1 EPS for the current year.
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Barrett Business Services 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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