Paradigm Capital Management Inc. NY Sells 130,500 Shares of Kelly Services, Inc. (NASDAQ:KELYA)

Paradigm Capital Management Inc. NY lowered its position in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 62.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,625 shares of the business services provider's stock after selling 130,500 shares during the quarter. Paradigm Capital Management Inc. NY owned approximately 0.22% of Kelly Services worth $1,082,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Exchange Traded Concepts LLC increased its stake in Kelly Services by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 37,404 shares of the business services provider's stock valued at $521,000 after acquiring an additional 945 shares during the last quarter. KBC Group NV grew its holdings in Kelly Services by 109.1% in the fourth quarter. KBC Group NV now owns 3,886 shares of the business services provider's stock worth $54,000 after purchasing an additional 2,028 shares during the period. ARGA Investment Management LP increased its stake in Kelly Services by 28.6% during the 4th quarter. ARGA Investment Management LP now owns 97,482 shares of the business services provider's stock valued at $1,359,000 after purchasing an additional 21,672 shares in the last quarter. Empowered Funds LLC grew its holdings in Kelly Services by 5.1% during the fourth quarter. Empowered Funds LLC now owns 206,267 shares of the business services provider's stock worth $2,875,000 after buying an additional 9,984 shares in the last quarter. Finally, Entropy Technologies LP bought a new position in shares of Kelly Services during the 4th quarter worth approximately $153,000. Institutional investors own 76.34% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. StockNews.com downgraded Kelly Services from a "buy" rating to a "hold" rating in a research note on Tuesday. Barrington Research reaffirmed 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 Stock Up 0.1%

KELYA stock opened at $12.54 on Tuesday. The company's 50 day moving average is $12.21 and its 200 day moving average is $13.52. The stock has a market cap of $437.50 million, a price-to-earnings ratio of -208.97, a price-to-earnings-growth ratio of 0.43 and a beta of 0.96. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.19. Kelly Services, Inc. has a 1-year low of $10.80 and a 1-year high of $23.81.

Kelly Services (NASDAQ:KELYA - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The business services provider reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.14). Kelly Services had a positive return on equity of 6.56% and a negative net margin of 0.01%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. Sell-side analysts predict that Kelly Services, Inc. will post 2.45 EPS for the current fiscal year.

Kelly Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Monday, May 19th. Kelly Services's payout ratio is currently -50.00%.

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.

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