Kennedy Capital Management LLC Acquires Shares of 292,839 Kelly Services, Inc. (NASDAQ:KELYA)

Kennedy Capital Management LLC bought a new position in Kelly Services, Inc. (NASDAQ:KELYA) in the fourth quarter, HoldingsChannel reports. The firm bought 292,839 shares of the business services provider’s stock, valued at approximately $4,082,000.

Other large investors have also recently modified their holdings of the company. Exchange Traded Concepts LLC grew its stake in shares of Kelly Services by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 37,404 shares of the business services provider’s stock valued at $521,000 after buying an additional 945 shares during the last quarter. Palouse Capital Management Inc. raised its position in Kelly Services by 13.1% during the 4th quarter. Palouse Capital Management Inc. now owns 8,194 shares of the business services provider’s stock valued at $114,000 after purchasing an additional 950 shares in the last quarter. Federated Hermes Inc. grew its position in shares of Kelly Services by 9.6% during the 4th quarter. Federated Hermes Inc. now owns 12,240 shares of the business services provider’s stock worth $171,000 after buying an additional 1,076 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in shares of 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 valued at $60,000 after buying an additional 1,406 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of Kelly Services by 4.5% in the fourth quarter. Victory Capital Management Inc. now owns 32,611 shares of the business services provider’s stock valued at $455,000 after acquiring an additional 1,411 shares in the last quarter. Institutional investors own 76.34% of the company’s stock.

Kelly Services Stock Down 1.7 %

Shares of NASDAQ KELYA opened at $11.50 on Friday. 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 $401.21 million, a PE ratio of -191.63, a price-to-earnings-growth ratio of 0.43 and a beta of 1.03. Kelly Services, Inc. has a 12-month low of $11.17 and a 12-month high of $24.25. The stock’s fifty day simple moving average is $13.14 and its two-hundred day simple moving average is $15.14.

Kelly Services (NASDAQ:KELYA) last announced its earnings results on Thursday, February 13th. The business services provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.38. Kelly Services had a negative net margin of 0.01% and a positive return on equity of 6.56%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.15 billion. As a group, analysts expect that Kelly Services, Inc. will post 2.45 EPS for the current fiscal year.

Kelly Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.30 annualized dividend and a yield of 2.61%. Kelly Services’s dividend payout ratio (DPR) is -500.00%.

Wall Street Analyst Weigh In

Separately, Barrington Research reiterated an “outperform” rating and set a $25.00 target price on shares of Kelly Services in a report on Tuesday, February 18th.

About Kelly Services

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.