ClearAlpha Technologies LP Has $405,000 Holdings in Kelly Services, Inc. (NASDAQ:KELYA)

ClearAlpha Technologies LP boosted its position in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 14.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,917 shares of the business services provider’s stock after acquiring an additional 2,458 shares during the quarter. ClearAlpha Technologies LP’s holdings in Kelly Services were worth $405,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in KELYA. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Kelly Services in the second quarter valued at $30,000. Innealta Capital LLC bought a new stake in shares of Kelly Services during the 2nd quarter worth about $39,000. nVerses Capital LLC bought a new position in shares of Kelly Services during the second quarter worth approximately $47,000. Meeder Asset Management Inc. acquired a new stake in shares of Kelly Services in the second quarter valued at approximately $51,000. Finally, Quest Partners LLC bought a new stake in shares of Kelly Services in the third quarter valued at approximately $158,000. Institutional investors and hedge funds own 76.34% of the company’s stock.

Wall Street Analyst Weigh In

KELYA has been the subject of several analyst reports. Barrington Research dropped their price objective on Kelly Services from $29.00 to $25.00 and set an “outperform” rating for the company in a report on Monday, November 18th. StockNews.com downgraded Kelly Services from a “buy” rating to a “hold” rating in a research note on Friday, August 9th.

Kelly Services Stock Performance

Shares of Kelly Services stock opened at $14.65 on Monday. The company has a 50 day moving average of $18.63 and a 200-day moving average of $20.43. The company has a market cap of $521.69 million, a PE ratio of 12.74, a price-to-earnings-growth ratio of 0.58 and a beta of 1.20. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.18. Kelly Services, Inc. has a 1-year low of $13.71 and a 1-year high of $25.27.

Kelly Services (NASDAQ:KELYA) last issued its earnings results on Thursday, November 7th. The business services provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). Kelly Services had a net margin of 0.97% and a return on equity of 6.93%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the business posted $0.50 EPS. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. As a group, equities research analysts forecast that Kelly Services, Inc. will post 1.93 earnings per share for the current fiscal year.

Kelly Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.05%. Kelly Services’s dividend payout ratio (DPR) is currently 26.09%.

Insider Transactions at Kelly Services

In other news, SVP Daniel H. Malan acquired 3,500 shares of Kelly Services stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average price of $13.88 per share, for a total transaction of $48,580.00. Following the transaction, the senior vice president now directly owns 95,906 shares of the company’s stock, valued at approximately $1,331,175.28. The trade was a 3.79 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.90% of the company’s stock.

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.