Barrett Business Services Inc: Heartland Advisors Inc Makes Purchase

December 8, 2017 - By Ellis Scott

 Barrett Business Services Inc: Heartland Advisors Inc Makes Purchase

Investors sentiment decreased to 0.81 in 2017 Q2. Its down 0.50, from 1.31 in 2017Q1. It is 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.

Royal Comml Bank Of Canada has invested 0% in Barrett Business Services, Inc. (NASDAQ:BBSI). Century Cap Mngmt Limited Liability Company holds 25,592 shares. Goldman Sachs Gru has invested 0% in Barrett Business Services, Inc. (NASDAQ:BBSI). Opus Ltd reported 0.04% in Barrett Business Services, Inc. (NASDAQ:BBSI). Ironwood Invest Mngmt Limited Liability reported 2.61% in Barrett Business Services, Inc. (NASDAQ:BBSI). Ny State Common Retirement Fund invested 0% in Barrett Business Services, Inc. (NASDAQ:BBSI). Alliancebernstein Limited Partnership has 4,500 shares. Morgan Stanley invested in 53,790 shares or 0% of the stock. Renaissance Technology Ltd Co has 276,600 shares. Arrowstreet Lp holds 0.01% or 70,750 shares. Deutsche Commercial Bank Ag has invested 0% in Barrett Business Services, Inc. (NASDAQ:BBSI). Creative Planning invested in 0% or 1,879 shares. Geode Capital Mngmt Limited Liability Corp reported 73,199 shares. Cornerstone Capital Mgmt Holdg Limited Liability accumulated 47,031 shares or 0.02% of the stock. New York State Teachers Retirement owns 0% invested in Barrett Business Services, Inc. (NASDAQ:BBSI) for 600 shares.

The New Heartland Advisors Inc Holding in Barrett Business Services Inc

Heartland Advisors Inc reported SC 13G/A form with the SEC for Barrett Business Services Inc. Access it here: 000089271217000786. As reported by Heartland Advisors Inc, the filler owns 4.4% or 324,305 shares of the Industrials–company.

Barrett Business Services Inc stake is new for [reportingPerson]. Date of activity: November 30, 2017. This shows Heartland Advisors Inc’s positive view for Barrett Business Services Inc. For a institutional investor managing $6.06 billion in assets and having 51+ experts this is interesting position.

Barrett Business Services Inc Institutional Sentiment

Filings show 87 investors own Barrett Business Services Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 6780747. 11613020 were owned by these investors. 12 funds opened new Barrett Business Services Inc stakes, 30 increased positions. There were 9 that closed positions and 30 reduced them.

4 investors had the stock in their top 10. Some are: Ironwood Investment Management Llc, Tieton Capital Management Llc, Heartland Advisors Inc..

Opus Capital Group Llc is an investor bullish on Barrett Business Services Inc, owning 117705 shares as of Q3 2015 for 0.85% of its portfolio. Red Alder Llc owns 12716 shares or 0.30% of its portfolio. WA Tieton Capital Management Llc have 5.53% of its portfolio for 138114 shares. Further, Hood River Capital Management Llc reported stake worth 2.07% of its portfolio. The OR Pacific Ridge Capital Partners Llc owns 123560 shares. Barrett Business Services Inc is 2.60% of its portfolio.

SEC Form 13G.

Heartland Advisors Inc website.

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 Globenewswire.com with their article: “BBSI to Present at CJS Securities’ 17th Annual “New Ideas” Summer Conference” published on July 06, 2017, Globenewswire.com published: “BBSI Sets Third Quarter 2017 Conference Call for Wednesday, November 8, 2017 …” on October 25, 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 Nasdaq.com‘s news article titled: “Barrett Business Services, Inc. (BBSI) Ex-Dividend Date Scheduled for November …” with publication date: November 21, 2017.

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