Proficio Capital Partners LLC Invests $201,000 in Kelly Services, Inc. (NASDAQ:KELYA)

Proficio Capital Partners LLC purchased a new stake in shares of Kelly Services, Inc. (NASDAQ:KELYA) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 14,414 shares of the business services provider’s stock, valued at approximately $201,000.

A number of other large investors have also added to or reduced their stakes in KELYA. US Bancorp DE grew its stake in Kelly Services by 9.3% during the 3rd quarter. US Bancorp DE now owns 10,135 shares of the business services provider’s stock valued at $217,000 after purchasing an additional 866 shares in the last quarter. Cornercap Investment Counsel Inc. acquired a new stake in shares of Kelly Services during the third quarter worth approximately $243,000. Empowered Funds LLC increased its stake in shares of Kelly Services by 5.3% in the third quarter. Empowered Funds LLC now owns 196,283 shares of the business services provider’s stock worth $4,202,000 after buying an additional 9,916 shares during the last quarter. Quest Partners LLC acquired a new stake in Kelly Services in the third quarter valued at $158,000. Finally, Segall Bryant & Hamill LLC bought a new position in Kelly Services during the 3rd quarter valued at $2,122,000. 76.34% of the stock is owned by institutional investors and hedge funds.

Kelly Services Trading Down 1.8 %

Shares of NASDAQ KELYA opened at $13.00 on Thursday. 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 stock’s 50 day moving average price is $13.79 and its two-hundred day moving average price is $16.48. Kelly Services, Inc. has a 52-week low of $12.66 and a 52-week high of $25.16. The stock has a market capitalization of $453.54 million, a P/E ratio of -216.63, a PEG ratio of 0.43 and a beta of 1.13.

Kelly Services (NASDAQ:KELYA) 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. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.15 billion. Kelly Services had a positive return on equity of 6.56% and a negative net margin of 0.01%. On average, analysts anticipate that Kelly Services, Inc. will post 2.45 earnings per share for the current fiscal year.

Kelly Services Dividend Announcement

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. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.31%. Kelly Services’s payout ratio is currently -500.00%.

Wall Street Analysts Forecast Growth

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