15,200 Shares in Kelly Services, Inc. (NASDAQ:KELYA) Purchased by Aristides Capital LLC

Aristides Capital LLC bought a new stake in Kelly Services, Inc. (NASDAQ:KELYA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 15,200 shares of the business services provider’s stock, valued at approximately $212,000.

Other hedge funds have also made changes to their positions in the company. Versant Capital Management Inc increased its position in shares of Kelly Services by 367.1% during the 4th quarter. Versant Capital Management Inc now owns 2,396 shares of the business services provider’s stock worth $33,000 after purchasing an additional 1,883 shares during the last quarter. KBC Group NV lifted its position in Kelly Services by 109.1% in the fourth quarter. KBC Group NV now owns 3,886 shares of the business services provider’s stock valued at $54,000 after buying an additional 2,028 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake 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 buying an additional 1,406 shares during the period. Palouse Capital Management Inc. increased its position in shares of Kelly Services by 13.1% during the fourth quarter. Palouse Capital Management Inc. now owns 8,194 shares of the business services provider’s stock valued at $114,000 after acquiring an additional 950 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Kelly Services by 3,062.7% in the 4th quarter. GAMMA Investing LLC now owns 9,330 shares of the business services provider’s stock valued at $130,000 after acquiring an additional 9,035 shares during the period. Hedge funds and other institutional investors own 76.34% of the company’s stock.

Analyst Ratings Changes

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

Kelly Services Price Performance

KELYA stock opened at $12.25 on Monday. The business’s fifty day moving average price is $13.48 and its 200 day moving average price is $15.51. Kelly Services, Inc. has a 12-month low of $11.82 and a 12-month high of $24.67. 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 company has a market capitalization of $427.38 million, a PE ratio of -204.13, a P/E/G ratio of 0.43 and a beta of 1.03.

Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.82 earnings per share (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 company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.15 billion. On average, sell-side analysts anticipate that Kelly Services, Inc. will post 2.45 EPS for the current year.

Kelly Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given 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 2.45%. Kelly Services’s dividend payout ratio is presently -500.00%.

Kelly Services Company 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.