Kelly Services, Inc. (NASDAQ:KELYA) Short Interest Update

Kelly Services, Inc. (NASDAQ:KELYA - Get Free Report) was the recipient of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 635,200 shares, an increase of 10.7% from the January 15th total of 573,700 shares. Based on an average trading volume of 617,000 shares, the days-to-cover ratio is currently 1.0 days. Approximately 2.1% of the company's shares are sold short.

Analyst Ratings Changes

Separately, Barrington Research reaffirmed an "outperform" rating and issued a $25.00 price objective on shares of Kelly Services in a research note on Tuesday.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc boosted its stake 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 acquiring an additional 1,883 shares in the last quarter. KBC Group NV lifted its stake in shares of 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 in the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Kelly Services by 49.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 4,277 shares of the business services provider's stock valued at $60,000 after buying an additional 1,406 shares in the last quarter. Quest Partners LLC bought a new position in shares of Kelly Services in the third quarter valued at $158,000. Finally, Palouse Capital Management Inc. lifted its stake in shares of Kelly Services by 13.1% in the fourth quarter. Palouse Capital Management Inc. now owns 8,194 shares of the business services provider's stock valued at $114,000 after buying an additional 950 shares in the last quarter. 76.34% of the stock is owned by institutional investors.

Kelly Services Trading Up 1.0 %

Shares of NASDAQ:KELYA traded up $0.13 during trading on Thursday, reaching $13.69. The stock had a trading volume of 336,408 shares, compared to its average volume of 335,870. The firm's fifty day moving average is $13.77 and its 200 day moving average is $17.18. 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 has a 52 week low of $12.68 and a 52 week high of $25.27. The stock has a market cap of $487.50 million, a price-to-earnings ratio of -228.13, a P/E/G ratio of 0.42 and a beta of 1.11.

Kelly Services (NASDAQ:KELYA - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.15 billion. As a group, equities analysts forecast that Kelly Services will post 2.45 EPS for the current fiscal year.

Kelly Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Wednesday, February 26th. Kelly Services's dividend payout ratio is presently -499.92%.

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.