Private Capital Management reports 5.13% stake in Barrett Business Services (BBSI)
Rhea-AI Filing Summary
Barrett Business Services, Inc. Schedule 13G shows Private Capital Management, LLC reports beneficial ownership of 1,260,539 shares of Common Stock, representing 5.13% of the class as of 06/30/2026. The filing states PCM has 402,169 shares of sole voting power and 858,370 shares of shared voting power; PCM disclaims beneficial ownership of shares over which it has dispositive power and disclaims the existence of a group.
Positive
- None.
Negative
- None.
Insights
PCM holds a meaningful passive stake of 5.13% in BBSI with shared voting control.
Private Capital Management reports 1,260,539 shares beneficially owned as of 06/30/2026, split between 402,169 sole voting and 858,370 shared voting power. The filing characterizes this as passive ownership under Schedule 13G.
PCM's note that proxy delegations may be granted or revoked indicates voting influence depends on client decisions; subsequent filings would show any change in ownership or voting arrangements.
Shared voting power indicates influence via client proxies, not direct dispositive control.
The signature block clarifies PCM "exercises shared voting authority" for client‑delegated proxies and "disclaims beneficial ownership" of shares where it has dispositive power. That language aligns with a manager acting on behalf of clients rather than an affiliated principal holder.
Material changes would appear if PCM amends to Schedule 13D or increases ownership above regulatory thresholds; current filing is a passive 13G disclosure.
Key Figures
Key Terms
Beneficial ownership regulatory
Disclaims beneficial ownership regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.