Penn Capital Management Company LLC Buys 38,147 Shares of Kelly Services, Inc. (NASDAQ:KELYA)

Penn Capital Management Company LLC increased its position in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 156.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,523 shares of the business services provider's stock after acquiring an additional 38,147 shares during the period. Penn Capital Management Company LLC owned about 0.18% of Kelly Services worth $872,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Versant Capital Management Inc grew its position in Kelly Services by 367.1% during the 4th 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 during the last quarter. KBC Group NV grew its holdings in shares of Kelly Services by 109.1% during the fourth quarter. KBC Group NV now owns 3,886 shares of the business services provider's stock worth $54,000 after purchasing an additional 2,028 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Kelly Services by 49.0% during the fourth 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 last quarter. Palouse Capital Management Inc. increased 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 during the period. Finally, GAMMA Investing LLC raised its holdings in 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 valued at $130,000 after buying an additional 9,035 shares during the last quarter. Institutional investors own 76.34% of the company's stock.

Kelly Services Trading Down 0.7 %

Shares of NASDAQ KELYA traded down $0.08 during trading on Monday, reaching $11.47. The company had a trading volume of 172,961 shares, compared to its average volume of 345,674. The company's fifty day moving average price is $12.63 and its 200-day moving average price is $14.37. Kelly Services, Inc. has a 12 month low of $10.80 and a 12 month high of $24.01. The stock has a market cap of $400.17 million, a P/E ratio of -191.13, a PEG ratio of 0.43 and a beta of 1.03. 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 (NASDAQ:KELYA - Get Free Report) last released its 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 for the quarter, compared to analyst estimates of $1.15 billion. As a group, research analysts expect that Kelly Services, Inc. will post 2.45 earnings per share for the current year.

Kelly Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date was Wednesday, February 26th. Kelly Services's payout ratio is -500.00%.

Wall Street Analysts Forecast Growth

Separately, Barrington Research restated an "outperform" rating and issued a $25.00 price target 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.