Parkside Financial Bank & Trust Purchases 1,406 Shares of Kelly Services, Inc. (NASDAQ:KELYA)

Parkside Financial Bank & Trust boosted its position in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 49.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,277 shares of the business services provider’s stock after purchasing an additional 1,406 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Kelly Services were worth $60,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in KELYA. Versant Capital Management Inc boosted its position 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 worth $33,000 after purchasing an additional 1,883 shares during the last quarter. KBC Group NV boosted its holdings in 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 buying an additional 2,028 shares during the last quarter. Palouse Capital Management Inc. boosted its holdings in 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 buying an additional 950 shares during the last quarter. GAMMA Investing LLC grew its position in shares of 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 worth $130,000 after buying an additional 9,035 shares during the period. Finally, Entropy Technologies LP bought a new stake in shares of Kelly Services in the 4th quarter valued at about $153,000. 76.34% of the stock is currently owned by institutional investors and hedge funds.

Kelly Services Price Performance

KELYA opened at $12.87 on Tuesday. The stock has a market cap of $449.01 million, a P/E ratio of -214.46, a P/E/G ratio of 0.43 and a beta of 1.11. Kelly Services, Inc. has a 12 month low of $12.68 and a 12 month high of $25.27. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.19. The company has a fifty day simple moving average of $13.80 and a 200 day simple moving average of $16.84.

Kelly Services (NASDAQ:KELYA) last announced its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.15 billion. On average, research analysts expect that Kelly Services, Inc. will post 2.45 EPS for the current year.

Kelly Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be issued a dividend of $0.075 per share. The ex-dividend date is Wednesday, February 26th. This represents a $0.30 annualized dividend and a yield of 2.33%. Kelly Services’s dividend payout ratio (DPR) is currently -500.00%.

Wall Street Analyst Weigh In

Separately, Barrington Research reissued an “outperform” rating and set a $25.00 price objective on shares of Kelly Services in a research note 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.