20,673 Shares in Kelly Services, Inc. (NASDAQ:KELYA) Acquired by Aigen Investment Management LP

Aigen Investment Management LP bought a new position in shares of Kelly Services, Inc. (NASDAQ:KELYA) in the fourth quarter, Holdings Channel reports. The firm bought 20,673 shares of the business services provider’s stock, valued at approximately $288,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC bought a new stake in Kelly Services during the fourth quarter worth approximately $201,000. Victory Capital Management Inc. boosted its position in Kelly Services by 4.5% during the fourth quarter. Victory Capital Management Inc. now owns 32,611 shares of the business services provider’s stock worth $455,000 after purchasing an additional 1,411 shares during the period. Parkside Financial Bank & Trust boosted its position in Kelly Services by 49.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,277 shares of the business services provider’s stock worth $60,000 after purchasing an additional 1,406 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Kelly Services during the fourth quarter worth approximately $1,481,000. Finally, Sanctuary Advisors LLC bought a new stake in Kelly Services during the fourth quarter worth approximately $508,000. Institutional investors own 76.34% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barrington Research reissued an “outperform” rating and issued a $25.00 price objective on shares of Kelly Services in a research report on Tuesday, February 18th.

Kelly Services Price Performance

KELYA opened at $13.40 on Friday. Kelly Services, Inc. has a 1-year low of $12.66 and a 1-year high of $25.27. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $467.50 million, a price-to-earnings ratio of -223.30, a P/E/G ratio of 0.43 and a beta of 1.13. The business has a 50 day moving average of $13.81 and a 200-day moving average of $16.64.

Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.38. Kelly Services had a positive return on equity of 6.56% and a negative net margin of 0.01%. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.15 billion. As a group, sell-side analysts anticipate that Kelly Services, Inc. will post 2.45 earnings per share for the current year.

Kelly Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.30 annualized dividend and a dividend yield of 2.24%. Kelly Services’s dividend payout ratio is -500.00%.

Kelly Services Profile

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries. The company operates through five segments: Professional & Industrial; Science, Engineering & Technology; Education; Outsourcing & Consulting; and International. The Professional & Industrial segment delivers staffing, outcome-based, and permanent placement services providing administrative, accounting, and finance; light industrial; contact center staffing; and other workforce solutions.