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

Kelly Services, Inc. (NASDAQ:KELYA) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 666,400 shares, a drop of 14.1% from the February 28th total of 776,200 shares. Based on an average daily trading volume, of 558,100 shares, the short-interest ratio is presently 1.2 days. Currently, 2.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Kelly Services during the 4th quarter worth approximately $1,712,000. Alpine Global Management LLC acquired a new position in Kelly Services during the fourth quarter worth about $198,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Kelly Services by 14.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,329 shares of the business services provider’s stock valued at $1,148,000 after purchasing an additional 10,352 shares during the last quarter. Squarepoint Ops LLC boosted its position in Kelly Services by 254.9% in the fourth quarter. Squarepoint Ops LLC now owns 159,548 shares of the business services provider’s stock valued at $2,224,000 after buying an additional 114,591 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its stake in shares of Kelly Services by 804.4% in the 4th quarter. Two Sigma Advisers LP now owns 103,100 shares of the business services provider’s stock valued at $1,437,000 after acquiring an additional 91,700 shares during the last quarter. 76.34% of the stock is owned by institutional investors and hedge funds.

Kelly Services Trading Down 7.3 %

NASDAQ KELYA traded down $0.97 during trading hours on Thursday, hitting $12.31. The company’s stock had a trading volume of 145,686 shares, compared to its average volume of 334,197. The stock has a fifty day moving average of $13.56 and a 200 day moving average of $15.68. 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 has a twelve month low of $12.22 and a twelve month high of $24.74. The firm has a market capitalization of $429.47 million, a P/E ratio of -205.13, a PEG ratio of 0.43 and a beta of 1.13.

Kelly Services (NASDAQ:KELYA) last released its earnings results on Thursday, February 13th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.38. Kelly Services had a positive return on equity of 6.56% and a negative net margin of 0.01%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Equities research analysts forecast that Kelly Services will post 2.45 earnings per share for the current fiscal year.

Kelly Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.44%. The ex-dividend date was Wednesday, February 26th. Kelly Services’s payout ratio is -500.00%.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reissued an “outperform” rating and set a $25.00 price objective on shares of Kelly Services in a report on Tuesday, February 18th.

About Kelly Services

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.