Aigen Investment Management LP Acquires Shares of 20,673 Kelly Services, Inc. (NASDAQ:KELYA)

Aigen Investment Management LP acquired a new stake in shares of Kelly Services, Inc. (NASDAQ:KELYA) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 20,673 shares of the business services provider’s stock, valued at approximately $288,000. Aigen Investment Management LP owned approximately 0.06% of Kelly Services at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of KELYA. Versant Capital Management Inc lifted its stake in Kelly Services by 367.1% during the fourth quarter. Versant Capital Management Inc now owns 2,396 shares of the business services provider’s stock valued at $33,000 after buying an additional 1,883 shares in the last quarter. KBC Group NV lifted its stake 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 valued at $54,000 after buying an additional 2,028 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in Kelly Services by 49.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,277 shares of the business services provider’s stock valued at $60,000 after buying an additional 1,406 shares in the last quarter. Palouse Capital Management Inc. lifted its stake 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 valued at $114,000 after buying an additional 950 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Kelly Services by 3,062.7% in 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 owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Kelly Services Price Performance

Shares of KELYA opened at $13.40 on Friday. The company has a market capitalization of $467.50 million, a price-to-earnings ratio of -223.30, a P/E/G ratio of 0.43 and a beta of 1.13. Kelly Services, Inc. has a fifty-two week low of $12.66 and a fifty-two week high of $25.27. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.65 and a quick ratio of 1.65. The business’s 50-day moving average is $13.81 and its 200-day moving average is $16.64.

Kelly Services (NASDAQ:KELYA) last issued its earnings results on Thursday, February 13th. The business services provider reported $0.82 earnings per share for the quarter, beating 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%. Equities research analysts expect that Kelly Services, Inc. will post 2.45 EPS for the current fiscal year.

Kelly Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.30 dividend on an annualized basis and a yield of 2.24%. Kelly Services’s dividend payout ratio is currently -500.00%.

Kelly Services 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.