Schwab Charles Investment Management Inc. increased its holdings in Barrett Business Services, Inc. (NASDAQ:BBSI) by 52.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,954 shares of the business services provider’s stock after acquiring an additional 16,457 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Barrett Business Services were worth $2,711,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd purchased a new position in Barrett Business Services in the third quarter valued at approximately $245,000. Alliancebernstein L.P. purchased a new position in Barrett Business Services in the second quarter valued at approximately $258,000. Voya Investment Management LLC lifted its stake in Barrett Business Services by 12.0% in the second quarter. Voya Investment Management LLC now owns 4,673 shares of the business services provider’s stock valued at $268,000 after purchasing an additional 501 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Barrett Business Services by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 5,737 shares of the business services provider’s stock valued at $329,000 after purchasing an additional 166 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in Barrett Business Services by 1,933.3% in the third quarter. Bessemer Group Inc. now owns 6,100 shares of the business services provider’s stock valued at $345,000 after purchasing an additional 5,800 shares during the last quarter. 76.80% of the stock is owned by institutional investors.

Several equities analysts recently commented on the company. BidaskClub downgraded Barrett Business Services from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. ValuEngine downgraded Barrett Business Services from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th.

Barrett Business Services, Inc. (NASDAQ BBSI) opened at $66.36 on Wednesday. Barrett Business Services, Inc. has a 12 month low of $44.52 and a 12 month high of $69.32. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $478.54, a P/E ratio of 22.42 and a beta of 1.51.

Barrett Business Services (NASDAQ:BBSI) last posted its quarterly earnings data on Tuesday, November 7th. The business services provider reported $1.96 EPS for the quarter. Barrett Business Services had a return on equity of 34.71% and a net margin of 2.53%. equities analysts expect that Barrett Business Services, Inc. will post 3.1 EPS for the current year.

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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.

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

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