14,212 Shares in Kelly Services, Inc. (NASDAQ:KELYA) Bought by Alpine Global Management LLC

Alpine Global Management LLC bought a new position in shares of Kelly Services, Inc. (NASDAQ:KELYA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,212 shares of the business services provider’s stock, valued at approximately $198,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Exchange Traded Concepts LLC grew its stake in 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 worth $521,000 after purchasing an additional 945 shares during the period. Palouse Capital Management Inc. grew its position 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 period. Federated Hermes Inc. increased its stake in shares of Kelly Services by 9.6% in the 4th quarter. Federated Hermes Inc. now owns 12,240 shares of the business services provider’s stock valued at $171,000 after acquiring an additional 1,076 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Kelly Services by 49.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,277 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 1,406 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in Kelly Services by 4.5% during the fourth quarter. Victory Capital Management Inc. now owns 32,611 shares of the business services provider’s stock worth $455,000 after acquiring an additional 1,411 shares in the last quarter. 76.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Kelly Services Trading Up 2.3 %

Shares of Kelly Services stock opened at $11.30 on Wednesday. The stock has a market capitalization of $394.23 million, a PE ratio of -188.30, a price-to-earnings-growth ratio of 0.43 and a beta of 1.03. Kelly Services, Inc. has a 52 week low of $10.80 and a 52 week high of $24.25. The stock has a 50 day moving average price of $12.82 and a two-hundred day moving average price of $14.66. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.65 and a current ratio of 1.65.

Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities analysts anticipate 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. Investors of record on Wednesday, February 26th were issued a $0.075 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.65%. Kelly Services’s dividend payout ratio is presently -500.00%.

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.