Tieton Capital Management Lowers stake in Barrett Business Services (BBSI)

Barrett Business Services (BBSI) : Tieton Capital Management reduced its stake in Barrett Business Services by 0.23% during the most recent quarter end. The investment management company now holds a total of 199,634 shares of Barrett Business Services which is valued at $9,019,464 after selling 460 shares in Barrett Business Services , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Barrett Business Services makes up approximately 8.08% of Tieton Capital Management’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in BBSI in the latest quarter, The investment management firm added 9,733 additional shares and now holds a total of 299,740 shares of Barrett Business Services which is valued at $13,542,253. Msi Financial Services Inc sold out all of its stake in BBSI during the most recent quarter. The investment firm sold 267 shares of BBSI which is valued $11,420. Palo Capital added BBSI to its portfolio by purchasing 13,766 company shares during the most recent quarter which is valued at $598,821. Barrett Business Services makes up approx 0.20% of Palo Capital’s portfolio.

Barrett Business Services closed down -0.24 points or -0.51% at $47.04 with 45,671 shares getting traded on Friday. Post opening the session at $47.24, the shares hit an intraday low of $46.15 and an intraday high of $47.345 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Barrett Business Services Inc. is a provider of business management solutions for small-and mid-sized companies. The Company has developed a management platform that integrates an approach from the management consulting industry with tools from the human resource outsourcing industry. The Company offers two categories of services: Professional Employer Services (PEO) and Staffing. The Company’s professional employer service fees are generated from client services agreements with its clients; the Company enters into a co-employment arrangement in which it becomes the administrative employer and the client maintains care custody and control of its operations. The Company generates staffing services revenues primarily from short-term staffing contract staffing on-site management and direct placement services. The Company operates through a network of branch offices throughout California Oregon Washington Idaho Arizona Nevada Utah Colorado Maryland Delaware and North Carolina.

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