Kelly Services (NASDAQ:KELYA) Director James Christopher Hunt Purchases 10,000 Shares of Stock

Kelly Services, Inc. (NASDAQ:KELYA) Director James Christopher Hunt purchased 10,000 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was bought at an average price of $9.43 per share, with a total value of $94,300.00. Following the completion of the transaction, the director directly owned 25,976 shares of the company’s stock, valued at approximately $244,953.68. This represents a 62.59% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

James Christopher Hunt also recently made the following trade(s):

• On Friday, February 20th, James Christopher Hunt acquired 10,000 shares of Kelly Services stock. The shares were purchased at an average price of $9.57 per share, with a total value of $95,700.00.
• On Wednesday, February 18th, James Christopher Hunt bought 1,000 shares of Kelly Services stock. The stock was purchased at an average price of $9.58 per share, for a total transaction of $9,580.00.

Kelly Services Trading Up 2.0%

KELYA traded up $0.19 on Thursday, hitting $9.53. The company had a trading volume of 175,041 shares, compared to its average volume of 550,161. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.10. The firm has a market cap of $325.94 million, a P/E ratio of -1.31, a PEG ratio of 0.68 and a beta of 0.79. The company’s fifty day moving average price is $9.66 and its 200 day moving average price is $11.03. Kelly Services, Inc. has a 1 year low of $7.98 and a 1 year high of $14.94.

Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings data on Thursday, February 12th. The business services provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.29). Kelly Services had a positive return on equity of 4.05% and a negative net margin of 5.98%.The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. As a group, equities analysts expect that Kelly Services, Inc. will post 2.45 earnings per share for the current year.

Kelly Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be issued a dividend of $0.075 per share. The ex-dividend date is Wednesday, February 25th. This represents a $0.30 dividend on an annualized basis and a yield of 3.1%. Kelly Services’s dividend payout ratio is -4.13%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Zacks Research cut shares of Kelly Services from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 18th. Barrington Research reduced their price target on shares of Kelly Services from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Friday, February 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Kelly Services in a research report on Thursday, January 22nd. Finally, Wall Street Zen raised Kelly Services from a “sell” rating to a “hold” rating in a research report on Sunday. Two analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $15.00.

Hedge Funds Weigh In On Kelly Services

Several hedge funds have recently bought and sold shares of the company. Quarry LP increased its position in shares of Kelly Services by 173.2% in the third quarter. Quarry LP now owns 1,970 shares of the business services provider’s stock valued at $26,000 after buying an additional 1,249 shares in the last quarter. CANADA LIFE ASSURANCE Co acquired a new position in Kelly Services in the 4th quarter valued at $30,000. Versant Capital Management Inc lifted its stake in shares of Kelly Services by 52.0% during the 3rd quarter. Versant Capital Management Inc now owns 3,006 shares of the business services provider’s stock worth $39,000 after purchasing an additional 1,028 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Kelly Services during the fourth quarter worth $42,000. Finally, GAMMA Investing LLC lifted its position in Kelly Services by 175.4% during the third quarter. GAMMA Investing LLC now owns 3,385 shares of the business services provider’s stock worth $44,000 after buying an additional 2,156 shares during the period. 76.34% of the stock is owned by hedge funds and other institutional investors.

Kelly Services Company Profile

Kelly Services, Inc is a global workforce solutions provider specializing in talent acquisition and staffing services across a wide range of industries. The company offers temporary staffing, permanent placement, outsourcing solutions, and consulting services to help organizations address their workforce needs. Its service offerings are designed to support clients in areas such as administrative support, information technology, engineering, science, education, healthcare, and industrial sectors.

Founded in 1946 by William Russell Kelly, Kelly Services has grown from a small local staffing firm into an international organization.