Quantbot Technologies LP Invests $868,000 in Kelly Services, Inc. (NASDAQ:KELYA)

Quantbot Technologies LP acquired a new position in Kelly Services, Inc. (NASDAQ:KELYA) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 62,231 shares of the business services provider’s stock, valued at approximately $868,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its stake in shares of 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 valued at $33,000 after purchasing an additional 1,883 shares during the period. KBC Group NV lifted its position 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 acquiring an additional 2,028 shares in the last quarter. Parkside Financial Bank & Trust boosted 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 worth $60,000 after acquiring an additional 1,406 shares during the period. Palouse Capital Management Inc. grew its position in shares of Kelly Services by 13.1% during the fourth quarter. Palouse Capital Management Inc. now owns 8,194 shares of the business services provider’s stock worth $114,000 after purchasing an additional 950 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Kelly Services by 3,062.7% during 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 period. 76.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Barrington Research restated 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 Performance

Shares of NASDAQ KELYA opened at $13.39 on Thursday. The firm’s fifty day moving average is $13.65 and its two-hundred day moving average is $15.94. Kelly Services, Inc. has a 52-week low of $12.66 and a 52-week high of $25.16. The company has a market cap of $467.15 million, a P/E ratio of -223.13, a P/E/G ratio of 0.43 and a beta of 1.13. 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 earnings results on Thursday, February 13th. The business services provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.38. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.15 billion. Kelly Services had a positive return on equity of 6.56% and a negative net margin of 0.01%. As a group, analysts anticipate that Kelly Services, Inc. will post 2.45 EPS 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. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend was Wednesday, February 26th. Kelly Services’s dividend payout ratio (DPR) 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.