Barrett Business Services Inc (NASDAQ:BBSI) Reports Decline in Sellers; Strong Momentum for Longs

May 17, 2018 - By Margaret Downey

Investors sentiment increased to 1.32 in Q4 2017. Its up 0.24, from 1.08 in 2017Q3. It is positive, as 6 investors sold Barrett Business Services, Inc. shares while 31 reduced holdings. 20 funds opened positions while 29 raised stakes. 5.37 million shares or 2.18% more from 5.25 million shares in 2017Q3 were reported.
State Common Retirement Fund accumulated 0% or 8,800 shares. New York-based Blackrock has invested 0% in Barrett Business Services, Inc. (NASDAQ:BBSI). New York-based Morgan Stanley has invested 0% in Barrett Business Services, Inc. (NASDAQ:BBSI). State Street Corporation holds 0% or 138,757 shares. Moreover, Opus Ltd Liability has 0.06% invested in Barrett Business Services, Inc. (NASDAQ:BBSI). Rhumbline Advisers has 7,366 shares. Tower Rech Cap Ltd Liability Corporation (Trc) has invested 0% in Barrett Business Services, Inc. (NASDAQ:BBSI). The New York-based Bnp Paribas Arbitrage Sa has invested 0% in Barrett Business Services, Inc. (NASDAQ:BBSI). Wellington Gru Incorporated Llp holds 5,562 shares. Metropolitan Life Ins New York reported 0% of its portfolio in Barrett Business Services, Inc. (NASDAQ:BBSI). Ontario – Canada-based Manufacturers Life Ins Comm The has invested 0% in Barrett Business Services, Inc. (NASDAQ:BBSI). Tudor Inv Corp Et Al has invested 0.01% of its portfolio in Barrett Business Services, Inc. (NASDAQ:BBSI). Lucus Ltd Com accumulated 0.48% or 5,114 shares. Group Inc reported 0% stake. Northern Tru holds 0% of its portfolio in Barrett Business Services, Inc. (NASDAQ:BBSI) for 171,124 shares.

Since March 14, 2018, it had 0 insider buys, and 3 insider sales for $725,015 activity. Shares for $51,622 were sold by MEEKER ANTHONY. Another trade for 3,878 shares valued at $329,393 was sold by HICKS JAMES B.

The stock of Barrett Business Services Inc (NASDAQ:BBSI) registered a decrease of 6.92% in short interest. BBSI’s total short interest was 59,200 shares in May as published by FINRA. Its down 6.92% from 63,600 shares, reported previously. With 43,900 shares average volume, it will take short sellers 1 days to cover their BBSI’s short positions. The short interest to Barrett Business Services Inc’s float is 0.85%.

The stock increased 1.57% or $1.35 during the last trading session, reaching $87.5. About 8,737 shares traded. Barrett Business Services, Inc. (NASDAQ:BBSI) has risen 58.66% since May 17, 2017 and is uptrending. It has outperformed by 47.11% the S&P500.

Barrett Business Services, Inc. provides business management solutions for small and medium-sized companies in the United States. The company has market cap of $639.52 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 26.28 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.

More recent Barrett Business Services, Inc. (NASDAQ:BBSI) news were published by: Nasdaq.com which released: “BBSI Sets First Quarter 2018 Conference Call for Wednesday, May 2, 2018 at 12:00 pm ET” on April 18, 2018. Also Globenewswire.com published the news titled: “BBSI Reports First Quarter 2018 Financial Results” on May 01, 2018. Globenewswire.com‘s news article titled: “Research Report Identifies Rockwell Medical, Peoples, Cutera, Barrett Business Services, Cray, and Hawkins with …” with publication date: May 01, 2018 was also an interesting one.

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

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