Kelly Services, Inc. (NASDAQ:KELYA) Short Interest Update

Kelly Services, Inc. (NASDAQ:KELYA) saw a large increase in short interest in January. As of January 31st, there was short interest totalling 635,200 shares, an increase of 10.7% from the January 15th total of 573,700 shares. Based on an average daily trading volume, of 617,000 shares, the days-to-cover ratio is currently 1.0 days. Approximately 2.1% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Barrington Research reissued an “outperform” rating and issued a $25.00 price objective on shares of Kelly Services in a research report on Wednesday, February 12th.

Insiders Place Their Bets

In other Kelly Services news, SVP Daniel H. Malan bought 3,500 shares of Kelly Services stock in a transaction on Wednesday, November 20th. The shares were bought at an average cost of $13.88 per share, for a total transaction of $48,580.00. Following the acquisition, the senior vice president now directly owns 95,906 shares in the company, valued at $1,331,175.28. This represents a 3.79 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of KELYA. Boston Partners grew its position in Kelly Services by 49.0% during the 4th quarter. Boston Partners now owns 1,889,389 shares of the business services provider’s stock worth $26,450,000 after purchasing an additional 621,078 shares during the last quarter. State Street Corp grew its position in Kelly Services by 1.4% during the 3rd quarter. State Street Corp now owns 1,253,704 shares of the business services provider’s stock worth $26,842,000 after purchasing an additional 17,579 shares during the last quarter. Pacer Advisors Inc. grew its position in Kelly Services by 45.7% during the 3rd quarter. Pacer Advisors Inc. now owns 1,211,791 shares of the business services provider’s stock worth $25,944,000 after purchasing an additional 380,035 shares during the last quarter. Millennium Management LLC grew its position in Kelly Services by 2,251.9% during the 4th quarter. Millennium Management LLC now owns 1,095,238 shares of the business services provider’s stock worth $15,268,000 after purchasing an additional 1,048,670 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Kelly Services by 10.7% during the 4th quarter. American Century Companies Inc. now owns 897,155 shares of the business services provider’s stock worth $12,506,000 after purchasing an additional 86,560 shares during the last quarter. 76.34% of the stock is owned by hedge funds and other institutional investors.

Kelly Services Stock Down 0.8 %

Shares of NASDAQ:KELYA traded down $0.11 during trading hours on Monday, reaching $14.14. The stock had a trading volume of 374,805 shares, compared to its average volume of 261,028. Kelly Services has a 1 year low of $12.68 and a 1 year high of $25.27. The firm’s 50 day moving average is $13.81 and its 200-day moving average is $17.32. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a market capitalization of $503.53 million, a price-to-earnings ratio of 12.30, a P/E/G ratio of 0.40 and a beta of 1.11.

Kelly Services (NASDAQ:KELYA) last posted its earnings results on Thursday, February 13th. The business services provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.38. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.15 billion. Kelly Services had a net margin of 0.97% and a return on equity of 6.93%. Research analysts predict that Kelly Services will post 1.93 earnings per share for the current fiscal year.

Kelly Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Wednesday, February 26th. Kelly Services’s dividend payout ratio (DPR) is 26.09%.

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.