Truvestments Capital LLC Makes New $34,000 Investment in Barrett Business Services, Inc. (NASDAQ:BBSI)

Truvestments Capital LLC acquired a new position in Barrett Business Services, Inc. (NASDAQ:BBSI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 899 shares of the business services provider’s stock, valued at approximately $34,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC increased its holdings in Barrett Business Services by 12,014.3% in the second quarter. CWM LLC now owns 848 shares of the business services provider’s stock worth $28,000 after purchasing an additional 841 shares in the last quarter. Amalgamated Bank increased its stake in Barrett Business Services by 300.0% in the second 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. Huntington National Bank acquired a new position in Barrett Business Services during the 3rd quarter worth approximately $39,000. USA Financial Formulas acquired a new position in shares of Barrett Business Services during the third quarter worth approximately $60,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Barrett Business Services by 415.2% during the second quarter. Nisa Investment Advisors LLC now owns 2,906 shares of the business services provider’s stock valued at $95,000 after buying an additional 2,342 shares during the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

Barrett Business Services Trading Down 1.6 %

NASDAQ:BBSI opened at $42.78 on Thursday. Barrett Business Services, Inc. has a 12 month low of $26.60 and a 12 month high of $43.82. The company has a 50-day moving average price of $38.47 and a 200-day moving average price of $35.57. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 22.95, a P/E/G ratio of 1.45 and a beta of 1.39.

Barrett Business Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be issued a $0.08 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.32 annualized dividend and a yield of 0.75%. Barrett Business Services’s dividend payout ratio (DPR) is presently 16.89%.

Wall Street Analyst Weigh In

Several analysts have recently commented on BBSI shares. Roth Mkm increased their target price on shares of Barrett Business Services from $43.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Barrington Research increased their price target on Barrett Business Services from $41.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, StockNews.com upgraded shares of Barrett Business Services from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th.

Insider Buying and Selling at Barrett Business Services

In other news, Director Thomas J. Carley sold 4,584 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was 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 directly owns 91,628 shares of the company’s stock, valued at $3,778,738.72. This trade represents a 4.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph Stephen Clabby bought 1,635 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were acquired at an average cost of $43.01 per share, for a total transaction of $70,321.35. Following the purchase, the director now owns 11,327 shares of the company’s stock, valued at approximately $487,174.27. The trade was a 16.87 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 3.70% of the company’s stock.

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.