Institutional Investor’s Pro-Barrett Business Services Inc (NASDAQ:BBSI) Sentiment In Q1 2018

September 8, 2018 - By Mark Babin

Sentiment for Barrett Business Services Inc (NASDAQ:BBSI)

Barrett Business Services Inc (NASDAQ:BBSI) institutional sentiment increased to 1.36 in Q1 2018. Its up 0.04, from 1.32 in 2017Q4. The ratio has improved, as 61 hedge funds increased and started new holdings, while 45 sold and reduced holdings in Barrett Business Services Inc. The hedge funds in our partner’s database now possess: 5.29 million shares, down from 5.37 million shares in 2017Q4. Also, the number of hedge funds holding Barrett Business Services Inc in their top 10 holdings decreased from 4 to 3 for a decrease of 1. Sold All: 9 Reduced: 36 Increased: 27 New Position: 34.

Barrett Business Services, Inc. provides business management solutions for small and medium-sized companies in the United States. The company has market cap of $528.74 million. The firm has management platform that integrates a knowledge approach from the management consulting industry with tools from the human resource outsourcing industry. It has a 20.36 P/E ratio. It 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, workersÂ’ compensation coverage, and certain other administration functions for the clientÂ’s existing workforce.

The stock decreased 1.67% or $1.22 during the last trading session, reaching $71.84. About 36,340 shares traded. Barrett Business Services, Inc. (NASDAQ:BBSI) has risen 54.67% since September 8, 2017 and is uptrending. It has outperformed by 42.10% the S&P500.

Analysts await Barrett Business Services, Inc. (NASDAQ:BBSI) to report earnings on November, 6. They expect $2.21 EPS, up 12.76 % or $0.25 from last year’s $1.96 per share. BBSI’s profit will be $16.27 million for 8.13 P/E if the $2.21 EPS becomes a reality. After $1.46 actual EPS reported by Barrett Business Services, Inc. for the previous quarter, Wall Street now forecasts 51.37 % EPS growth.

Tieton Capital Management Llc holds 3.91% of its portfolio in Barrett Business Services, Inc. for 51,444 shares. Ironwood Investment Management Llc owns 58,885 shares or 3.56% of their US portfolio. Moreover, Pacific Ridge Capital Partners Llc has 1.98% invested in the company for 89,313 shares. The Wisconsin-based Heartland Advisors Inc has invested 1.5% in the stock. Ct Mason, a Massachusetts-based fund reported 19,350 shares.

Since January 1, 0001, it had 0 buys, and 3 insider sales for $725,015 activity.

Another recent and important Barrett Business Services, Inc. (NASDAQ:BBSI) news was published by Nasdaq.com which published an article titled: “BBSI to Present at the 7th Annual Liolios Gateway Conference on September 6, 2018” on August 24, 2018.

Barrett Business Services, Inc. (NASDAQ:BBSI) Institutional Positions Chart

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