Quantessence Capital LLC Purchases Shares of 45,721 Kelly Services, Inc. (NASDAQ:KELYA)

Quantessence Capital LLC acquired a new stake in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 45,721 shares of the business services provider's stock, valued at approximately $637,000. Quantessence Capital LLC owned 0.13% of Kelly Services as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Versant Capital Management Inc grew its stake in shares of Kelly Services by 367.1% in the 4th 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 grew its position in Kelly Services by 109.1% in the fourth quarter. KBC Group NV now owns 3,886 shares of the business services provider's stock worth $54,000 after acquiring an additional 2,028 shares in the last quarter. Parkside Financial Bank & Trust increased its stake 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 worth $60,000 after purchasing an additional 1,406 shares during the last quarter. Palouse Capital Management Inc. raised 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 valued at $114,000 after purchasing an additional 950 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake 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 valued at $130,000 after purchasing an additional 9,035 shares during the last quarter. Hedge funds and other institutional investors own 76.34% of the company's stock.

Kelly Services Stock Performance

KELYA traded up $0.14 on Friday, hitting $11.55. The company had a trading volume of 251,809 shares, compared to its average volume of 345,491. The stock has a market cap of $402.96 million, a price-to-earnings ratio of -192.47, a price-to-earnings-growth ratio of 0.43 and a beta of 1.03. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.65 and a quick ratio of 1.65. The company's fifty day moving average price is $12.67 and its 200 day moving average price is $14.51. Kelly Services, Inc. has a 1-year low of $10.80 and a 1-year high of $24.01.

Kelly Services (NASDAQ:KELYA - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.82 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $1.15 billion. Equities analysts predict that Kelly Services, Inc. will post 2.45 earnings per share for the current fiscal year.

Kelly Services Announces Dividend

The firm also recently declared 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 2.60%. The ex-dividend date was Wednesday, February 26th. Kelly Services's dividend payout ratio is currently -500.00%.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reissued 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 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.