Barrett Business Services Incorporated (NASDAQ:BBSI)’s Stock Is Buy After Less Market Selling

December 8, 2017 - By Louis Casey

 Barrett Business Services Incorporated (NASDAQ:BBSI)'s Stock Is Buy After Less Market Selling

Investors sentiment decreased to 0.81 in 2017 Q2. Its down 0.50, from 1.31 in 2017Q1. It turned negative, as 8 investors sold Barrett Business Services, Inc. shares while 34 reduced holdings. 12 funds opened positions while 22 raised stakes. 5.13 million shares or 3.41% more from 4.97 million shares in 2017Q1 were reported.
Ajo Limited Partnership stated it has 0.01% of its portfolio in Barrett Business Services, Inc. (NASDAQ:BBSI). Blackrock Incorporated stated it has 428,138 shares or 0% of all its holdings. Invesco Ltd holds 0% or 8,145 shares in its portfolio. Federated Invsts Inc Pa owns 77 shares or 0% of their US portfolio. Bancshares Of Montreal Can has invested 0% in Barrett Business Services, Inc. (NASDAQ:BBSI). Vanguard Gru stated it has 0% in Barrett Business Services, Inc. (NASDAQ:BBSI). 10,405 are owned by Millennium Management Limited Liability Co. Eagleclaw Cap Managment Limited Liability Corp owns 8,350 shares. Royal Retail Bank Of Canada reported 0% stake. Panagora Asset reported 67,622 shares. Pnc Finance Svcs reported 7,922 shares. Qs Ltd Liability Corporation accumulated 0.02% or 32,664 shares. Rhumbline Advisers reported 0% of its portfolio in Barrett Business Services, Inc. (NASDAQ:BBSI). Citigroup reported 76 shares or 0% of all its holdings. Century Cap Mngmt Limited Liability Co invested in 25,592 shares.

The stock of Barrett Business Services Incorporated (NASDAQ:BBSI) registered a decrease of 35.48% in short interest. BBSI’s total short interest was 81,300 shares in December as published by FINRA. Its down 35.48% from 126,000 shares, reported previously. With 24,900 shares average volume, it will take short sellers 3 days to cover their BBSI’s short positions. The short interest to Barrett Business Services Incorporated’s float is 1.16%.

The stock increased 1.18% or $0.76 during the last trading session, reaching $65.05. About 59,386 shares traded or 89.97% up from the average. Barrett Business Services, Inc. (NASDAQ:BBSI) has risen 104.09% since December 8, 2016 and is uptrending. It has outperformed by 87.39% 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 $474.89 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 21.47 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 notable recent Barrett Business Services, Inc. (NASDAQ:BBSI) news were published by: Seekingalpha.com which released: “Barrett Business Services’ (BBSI) CEO Mike Elich on Q4 2016 Results – Earnings …” on March 08, 2017, also Seekingalpha.com with their article: “Barrett Business Services’ (BBSI) CEO Michael Elich on Q1 2017 Results …” published on May 05, 2017, Nasdaq.com published: “Barrett Business Services, Inc. (BBSI) Ex-Dividend Date Scheduled for November …” on November 21, 2017. More interesting news about Barrett Business Services, Inc. (NASDAQ:BBSI) were released by: Seekingalpha.com and their article: “Barrett Business Services’ (BBSI) CEO Michael Elich on Q2 2017 Results …” published on August 09, 2017 as well as Globenewswire.com‘s news article titled: “BBSI to Present at CJS Securities’ 17th Annual “New Ideas” Summer Conference” with publication date: July 06, 2017.

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