Marshall Wace North America L.P. acquired a new position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,354 shares of the business services provider’s stock, valued at approximately $491,000. Marshall Wace North America L.P. owned about 0.09% of Barrett Business Services as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Legal & General Group Plc increased its position in Barrett Business Services by 29.1% during the 4th quarter. Legal & General Group Plc now owns 1,349 shares of the business services provider’s stock valued at $77,000 after purchasing an additional 304 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Barrett Business Services in the 4th quarter worth about $111,000. BNP Paribas Arbitrage SA grew its position in shares of Barrett Business Services by 49,366.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,484 shares of the business services provider’s stock worth $115,000 after buying an additional 1,481 shares during the period. Metropolitan Life Insurance Co. NY grew its position in shares of Barrett Business Services by 393.8% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 2,321 shares of the business services provider’s stock worth $133,000 after buying an additional 1,851 shares during the period. Finally, Citigroup Inc. grew its position in shares of Barrett Business Services by 13.4% in the 4th quarter. Citigroup Inc. now owns 2,593 shares of the business services provider’s stock worth $148,000 after buying an additional 307 shares during the period. Institutional investors and hedge funds own 82.66% of the company’s stock.
BBSI traded down $0.71 during midday trading on Thursday, hitting $85.55. 25,164 shares of the company traded hands, compared to its average volume of 40,675. The firm has a 50-day moving average of $80.73. Barrett Business Services, Inc. has a 52 week low of $53.10 and a 52 week high of $98.53. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.19. The firm has a market cap of $630.13 million, a price-to-earnings ratio of 17.18 and a beta of 0.88.
A number of analysts have recently weighed in on BBSI shares. BidaskClub raised shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. Zacks Investment Research cut shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Barrett Business Services presently has a consensus rating of “Buy” and a consensus target price of $99.67.
Barrett Business Services Profile
Barrett Business Services, Inc provides business management solutions for small and mid-sized companies in the United States. It develops a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry. The company offers professional employer services under which it enters into a client services agreement to establish a co-employment relationship with each client company, assuming responsibility for payroll, payroll taxes, workers' compensation coverage, and other administration functions for the client's existing workforce.
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