Penn Capital Management Company LLC Increases Holdings in Kelly Services, Inc. (NASDAQ:KELYA)

Penn Capital Management Company LLC raised its position in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 156.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 62,523 shares of the business services provider's stock after buying an additional 38,147 shares during the quarter. Penn Capital Management Company LLC owned about 0.18% of Kelly Services worth $872,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of KELYA. Versant Capital Management Inc increased its stake in Kelly Services by 367.1% during the 4th quarter. Versant Capital Management Inc now owns 2,396 shares of the business services provider's stock valued at $33,000 after purchasing an additional 1,883 shares in the last quarter. KBC Group NV increased its position in shares of Kelly Services by 109.1% in the 4th quarter. KBC Group NV now owns 3,886 shares of the business services provider's stock valued at $54,000 after acquiring an additional 2,028 shares during the period. Parkside Financial Bank & Trust raised its stake in Kelly Services by 49.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,277 shares of the business services provider's stock worth $60,000 after acquiring an additional 1,406 shares during the last quarter. Palouse Capital Management Inc. lifted its position in Kelly Services by 13.1% during the 4th quarter. Palouse Capital Management Inc. now owns 8,194 shares of the business services provider's stock worth $114,000 after acquiring an additional 950 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Kelly Services by 3,062.7% in the fourth quarter. GAMMA Investing LLC now owns 9,330 shares of the business services provider's stock worth $130,000 after purchasing an additional 9,035 shares during the last quarter. 76.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Barrington Research reaffirmed an "outperform" rating and set a $25.00 target price on shares of Kelly Services in a report on Tuesday, February 18th.

Kelly Services Price Performance

KELYA stock traded down $0.08 during mid-day trading on Wednesday, reaching $11.43. 53,814 shares of the company's stock were exchanged, compared to its average volume of 344,123. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.65 and a quick ratio of 1.65. Kelly Services, Inc. has a 12-month low of $10.80 and a 12-month high of $24.01. The stock's 50 day moving average is $12.59 and its 200 day moving average is $14.35. The company has a market cap of $398.77 million, a price-to-earnings ratio of -190.47, a price-to-earnings-growth ratio of 0.43 and a beta of 1.03.

Kelly Services (NASDAQ:KELYA - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.44 by $0.38. Kelly Services had a negative net margin of 0.01% and a positive return on equity of 6.56%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.15 billion. On average, research analysts expect that Kelly Services, Inc. will post 2.45 EPS for the current year.

Kelly Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend was Wednesday, February 26th. Kelly Services's payout ratio is -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.