Century Capital Management LLC Has $1.47 Million Holdings in Barrett Business Services, Inc. (BBSI)

Century Capital Management LLC decreased its stake in Barrett Business Services, Inc. (NASDAQ:BBSI) by 4.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,592 shares of the business services provider’s stock after selling 1,223 shares during the quarter. Century Capital Management LLC owned approximately 0.35% of Barrett Business Services worth $1,466,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of BBSI. Creative Planning increased its position in Barrett Business Services by 1,356.6% in the first quarter. Creative Planning now owns 1,879 shares of the business services provider’s stock worth $103,000 after buying an additional 1,750 shares in the last quarter. Strs Ohio increased its position in Barrett Business Services by 10.4% in the first quarter. Strs Ohio now owns 12,700 shares of the business services provider’s stock worth $693,000 after buying an additional 1,200 shares in the last quarter. Bank of New York Mellon Corp increased its position in 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 worth $2,876,000 after buying an additional 1,211 shares in the last quarter. Trexquant Investment LP purchased a new stake in Barrett Business Services in the first quarter worth about $286,000. Finally, Pacific Ridge Capital Partners LLC increased its position in Barrett Business Services by 30.9% in the first quarter. Pacific Ridge Capital Partners LLC now owns 101,393 shares of the business services provider’s stock worth $5,538,000 after buying an additional 23,962 shares in the last quarter. Institutional investors and hedge funds own 73.62% of the company’s stock.

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BBSI has been the subject of a number of analyst reports. BidaskClub cut Barrett Business Services from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. ValuEngine upgraded Barrett Business Services from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, TheStreet upgraded Barrett Business Services from a “c” rating to a “b-” rating in a research report on Wednesday, August 9th.

Shares of Barrett Business Services, Inc. (NASDAQ BBSI) opened at 53.85 on Monday. The company’s 50 day moving average price is $52.52 and its 200 day moving average price is $55.99. Barrett Business Services, Inc. has a 52-week low of $41.99 and a 52-week high of $66.93. The stock has a market cap of $392.84 million, a PE ratio of 21.69 and a beta of 1.37.

Barrett Business Services (NASDAQ:BBSI) last released its quarterly earnings results on Tuesday, August 8th. The business services provider reported $1.47 earnings per share for the quarter. The company had revenue of $1.30 billion during the quarter. Barrett Business Services had a return on equity of 33.55% and a net margin of 2.06%. On average, analysts anticipate that Barrett Business Services, Inc. will post $3.43 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were issued a $0.25 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.86%. Barrett Business Services’s payout ratio is 42.02%.

About Barrett Business Services

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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