Aristides Capital LLC Takes Position in Kelly Services, Inc. (NASDAQ:KELYA)

Aristides Capital LLC bought a new position in Kelly Services, Inc. (NASDAQ:KELYA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,200 shares of the business services provider’s stock, valued at approximately $212,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Versant Capital Management Inc increased its holdings in Kelly Services by 367.1% in the fourth quarter. Versant Capital Management Inc now owns 2,396 shares of the business services provider’s stock valued at $33,000 after buying an additional 1,883 shares in the last quarter. KBC Group NV increased its stake in shares of Kelly Services by 109.1% in the 4th quarter. KBC Group NV now owns 3,886 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 2,028 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in Kelly Services by 49.0% in the 4th 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. Palouse Capital Management Inc. boosted its position in 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 worth $114,000 after purchasing an additional 950 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Kelly Services by 3,062.7% in the fourth quarter. GAMMA Investing LLC now owns 9,330 shares of the business services provider’s stock valued at $130,000 after purchasing an additional 9,035 shares during the period. 76.34% of the stock is owned by institutional investors and hedge funds.

Kelly Services Stock Down 0.4 %

KELYA stock opened at $12.25 on Monday. Kelly Services, Inc. has a 52 week low of $11.82 and a 52 week high of $24.67. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.19. The firm has a 50-day simple moving average of $13.48 and a 200-day simple moving average of $15.51. The stock has a market capitalization of $427.38 million, a P/E ratio of -204.13, a P/E/G ratio of 0.43 and a beta of 1.03.

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

Kelly Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.075 per share. 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 (DPR) is presently -500.00%.

Analysts Set New Price Targets

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

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.