Quantessence Capital LLC Invests $637,000 in Kelly Services, Inc. (NASDAQ:KELYA)

Quantessence Capital LLC acquired a new position in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 45,721 shares of the business services provider's stock, valued at approximately $637,000. Quantessence Capital LLC owned about 0.13% of Kelly Services at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Boston Partners raised its position in shares of Kelly Services by 49.0% in the fourth quarter. Boston Partners now owns 1,889,389 shares of the business services provider's stock valued at $26,450,000 after buying an additional 621,078 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Kelly Services in the 4th quarter valued at $5,343,000. Kennedy Capital Management LLC purchased a new position in shares of Kelly Services during the 4th quarter worth $4,082,000. JPMorgan Chase & Co. boosted its holdings in shares of Kelly Services by 498.0% during the fourth quarter. JPMorgan Chase & Co. now owns 162,987 shares of the business services provider's stock worth $2,272,000 after purchasing an additional 135,730 shares during the last quarter. Finally, ExodusPoint Capital Management LP purchased a new stake in shares of Kelly Services in the fourth quarter valued at $1,732,000. Hedge funds and other institutional investors own 76.34% of the company's stock.

Kelly Services Trading Up 1.2 %

KELYA stock traded up $0.14 on Friday, hitting $11.55. 251,809 shares of the company were exchanged, compared to its average volume of 346,368. 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 stock has a market capitalization of $402.96 million, a price-to-earnings ratio of -192.47, a price-to-earnings-growth ratio of 0.43 and a beta of 1.03. Kelly Services, Inc. has a twelve month low of $10.80 and a twelve month high of $24.01. The business's fifty day moving average is $12.67 and its two-hundred day moving average is $14.47.

Kelly Services (NASDAQ:KELYA - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.82 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.15 billion. As a group, research analysts forecast that Kelly Services, Inc. will post 2.45 earnings per share for the current year.

Kelly Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.60%. The ex-dividend date was Wednesday, February 26th. Kelly Services's dividend payout ratio is currently -500.00%.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reissued an "outperform" rating and issued a $25.00 price target on shares of Kelly Services in a research note on Tuesday, February 18th.

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.