RBF Capital LLC Acquires Shares of 131,985 Kelly Services, Inc. $KELYA

RBF Capital LLC acquired a new stake in Kelly Services, Inc. (NASDAQ:KELYA) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 131,985 shares of the business services provider’s stock, valued at approximately $1,161,000.

A number of other large investors also recently modified their holdings of the company. Squarepoint Ops LLC grew its position in shares of Kelly Services by 65.3% in the 4th quarter. Squarepoint Ops LLC now owns 361,630 shares of the business services provider’s stock valued at $3,182,000 after buying an additional 142,876 shares during the last quarter. Panagora Asset Management Inc. purchased a new position in shares of Kelly Services in the 4th quarter valued at $96,000. Mariner LLC grew its position in shares of Kelly Services by 79.3% in the 4th quarter. Mariner LLC now owns 38,381 shares of the business services provider’s stock valued at $338,000 after buying an additional 16,977 shares during the last quarter. CANADA LIFE ASSURANCE Co purchased a new position in shares of Kelly Services in the 4th quarter valued at $30,000. Finally, First Trust Advisors LP grew its position in shares of Kelly Services by 50.5% in the 4th quarter. First Trust Advisors LP now owns 15,700 shares of the business services provider’s stock valued at $138,000 after buying an additional 5,265 shares during the last quarter. 76.34% of the stock is owned by hedge funds and other institutional investors.

Kelly Services Stock Down 1.5%

KELYA stock opened at $11.45 on Wednesday. The company has a market cap of $396.97 million, a P/E ratio of -1.51, a P/E/G ratio of 0.88 and a beta of 0.85. Kelly Services, Inc. has a 52 week low of $7.98 and a 52 week high of $14.94. The company’s 50-day moving average price is $10.25 and its 200 day moving average price is $9.63. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.13.

Kelly Services (NASDAQ:KELYA) last announced its earnings results on Thursday, May 7th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. Kelly Services had a positive return on equity of 3.07% and a negative net margin of 6.44%. On average, research analysts expect that Kelly Services, Inc. will post 1.01 earnings per share for the current fiscal year.

Kelly Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were given a dividend of $0.075 per share. The ex-dividend date was Monday, May 18th. This represents a $0.30 dividend on an annualized basis and a yield of 2.6%. Kelly Services’s payout ratio is presently -3.95%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Weiss Ratings cut shares of Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Zacks Research upgraded shares of Kelly Services from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Wall Street Zen raised Kelly Services from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.00.

Insider Transactions at Kelly Services

In other Kelly Services news, CEO Christopher D. Layden bought 10,100 shares of the business’s stock in a transaction on Tuesday, March 24th. The stock was bought at an average price of $8.80 per share, for a total transaction of $88,880.00. Following the completion of the transaction, the chief executive officer owned 382,513 shares in the company, valued at approximately $3,366,114.40. The trade was a 2.71% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Vanessa Peterson Williams sold 29,999 shares of Kelly Services stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $9.78, for a total transaction of $293,390.22. Following the transaction, the executive vice president owned 82,355 shares of the company’s stock, valued at approximately $805,431.90. The trade was a 26.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 5.40% of the company’s stock.

About Kelly Services

Kelly Services, Inc is a global workforce solutions provider specializing in talent acquisition and staffing services across a wide range of industries. The company offers temporary staffing, permanent placement, outsourcing solutions, and consulting services to help organizations address their workforce needs. Its service offerings are designed to support clients in areas such as administrative support, information technology, engineering, science, education, healthcare, and industrial sectors.

Founded in 1946 by William Russell Kelly, Kelly Services has grown from a small local staffing firm into an international organization.