Walleye Capital LLC Takes Position in Kelly Services, Inc. (NASDAQ:KELYA)

Walleye Capital LLC purchased a new stake in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 72,046 shares of the business services provider's stock, valued at approximately $1,004,000. Walleye Capital LLC owned 0.20% of Kelly Services as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. XTX Topco Ltd bought a new stake in Kelly Services during the fourth quarter valued at $286,000. Barclays PLC increased its holdings in Kelly Services by 3.9% in the fourth quarter. Barclays PLC now owns 66,095 shares of the business services provider's stock worth $922,000 after purchasing an additional 2,457 shares in the last quarter. Kennedy Capital Management LLC acquired a new position in Kelly Services in the fourth quarter valued at approximately $4,082,000. Renaissance Technologies LLC bought a new position in shares of Kelly Services during the 4th quarter worth approximately $5,343,000. Finally, 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. Institutional investors own 76.34% of the company's stock.

Analyst Upgrades and Downgrades

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 Stock Up 0.6 %

NASDAQ:KELYA traded up $0.07 on Thursday, hitting $11.41. The stock had a trading volume of 196,943 shares, compared to its average volume of 344,609. 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 52 week low of $10.80 and a 52 week high of $24.25. The business's fifty day moving average is $12.77 and its 200 day moving average is $14.64. The company has a market cap of $398.07 million, a PE ratio of -190.13, a P/E/G ratio of 0.43 and a beta of 1.03.

Kelly Services (NASDAQ:KELYA - Get Free Report) 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. On average, equities research analysts expect that Kelly Services, Inc. will post 2.45 EPS for the current fiscal year.

Kelly Services Announces Dividend

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 2.63%. Kelly Services's dividend payout ratio is presently -500.00%.

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.