Proficio Capital Partners LLC Makes New $201,000 Investment in Kelly Services, Inc. (NASDAQ:KELYA)

Proficio Capital Partners LLC acquired a new stake in Kelly Services, Inc. (NASDAQ:KELYA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 14,414 shares of the business services provider’s stock, valued at approximately $201,000.

Several other institutional investors have also recently added to or reduced their stakes in KELYA. Versant Capital Management Inc increased its position in Kelly Services by 367.1% during the fourth 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 grew its stake in shares of Kelly Services by 109.1% during the 4th 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 period. Palouse Capital Management Inc. increased its holdings in shares of 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 worth $114,000 after buying an additional 950 shares during the last quarter. GAMMA Investing LLC raised its position 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 worth $130,000 after buying an additional 9,035 shares during the period. Finally, Entropy Technologies LP acquired a new position in Kelly Services in the fourth quarter valued at $153,000. 76.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Kelly Services Trading Down 1.8 %

Shares of KELYA stock opened at $13.00 on Thursday. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.19. Kelly Services, Inc. has a fifty-two week low of $12.66 and a fifty-two week high of $25.16. The firm’s 50 day moving average price is $13.79 and its two-hundred day moving average price is $16.48. The stock has a market cap of $453.54 million, a price-to-earnings ratio of -216.63, a price-to-earnings-growth ratio of 0.43 and a beta of 1.13.

Kelly Services (NASDAQ:KELYA) last issued its earnings results on Thursday, February 13th. The business services provider reported $0.82 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.15 billion. On average, analysts anticipate that Kelly Services, Inc. will post 2.45 EPS for the current year.

Kelly Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Wednesday, February 26th. Kelly Services’s 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.