James Christopher Hunt Acquires 4,000 Shares of Kelly Services (NASDAQ:KELYA) Stock

Key Points

  • Director James Christopher Hunt bought a total of 25,000 Kelly Services shares between Feb 18–25 (including 4,000 shares on Feb 25 at $9.30), raising his stake to 29,976 shares — a 15.4% increase reported in an SEC filing.
  • Kelly Services shares traded down to $9.46 (down 1.9%), with a market cap of about $323.6M and a negative P/E of -1.30; the stock has a one‑year range of $7.98–$14.94 and is below its 200‑day average.
  • The company reported Q4 EPS of $0.16 (missing estimates by $0.29) while revenue beat at $1.05B, and announced a quarterly dividend of $0.075 per share (3.2% yield) payable March 11 with ex‑dividend/record dates on Feb 25.

Kelly Services, Inc. (NASDAQ:KELYA - Get Free Report) Director James Christopher Hunt bought 4,000 shares of Kelly Services stock in a transaction that occurred on Wednesday, February 25th. The stock was bought at an average cost of $9.30 per share, with a total value of $37,200.00. Following the completion of the purchase, the director owned 29,976 shares in the company, valued at approximately $278,776.80. This trade represents a 15.40% increase in their position. The acquisition 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 Monday, February 23rd, James Christopher Hunt bought 10,000 shares of Kelly Services stock. The stock was purchased at an average cost of $9.43 per share, for a total transaction of $94,300.00.
  • On Friday, February 20th, James Christopher Hunt purchased 10,000 shares of Kelly Services stock. The shares were purchased at an average cost of $9.57 per share, with a total value of $95,700.00.
  • On Wednesday, February 18th, James Christopher Hunt purchased 1,000 shares of Kelly Services stock. The shares were acquired at an average cost of $9.58 per share, with a total value of $9,580.00.

Kelly Services Stock Down 1.9%

Shares of KELYA stock traded down $0.18 during trading on Friday, reaching $9.46. The company's stock had a trading volume of 44,524 shares, compared to its average volume of 542,843. Kelly Services, Inc. has a one year low of $7.98 and a one year high of $14.94. The business has a fifty day moving average price of $9.68 and a 200-day moving average price of $11.02. The company has a market cap of $323.59 million, a price-to-earnings ratio of -1.30, a price-to-earnings-growth ratio of 0.68 and a beta of 0.79. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.10.




Kelly Services (NASDAQ:KELYA - Get Free Report) last released its earnings results 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 negative net margin of 5.98% and a positive return on equity of 4.05%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. Analysts anticipate that Kelly Services, Inc. will post 2.45 earnings per share for the current year.

Kelly Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 3.2%. The ex-dividend date is Wednesday, February 25th. Kelly Services's dividend payout ratio is presently -4.13%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KELYA. Weiss Ratings restated a "sell (d)" rating on shares of Kelly Services in a research note on Thursday, January 22nd. Zacks Research cut shares of Kelly Services from a "hold" rating to a "strong sell" rating in a research note on Wednesday, February 18th. Barrington Research dropped their price target on shares of Kelly Services from $16.00 to $15.00 and set an "outperform" rating on the stock in a research report on Friday, February 13th. Finally, Wall Street Zen upgraded shares of Kelly Services from a "sell" rating to a "hold" rating in a research note on Sunday, February 22nd. Two equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $15.00.

Get Our Latest Research Report on KELYA

Hedge Funds Weigh In On Kelly Services

Several large investors have recently modified their holdings of KELYA. Quarry LP boosted its holdings in shares of Kelly Services by 173.2% during the 3rd quarter. Quarry LP now owns 1,970 shares of the business services provider's stock worth $26,000 after buying an additional 1,249 shares during the period. CANADA LIFE ASSURANCE Co bought a new stake in shares of Kelly Services during the fourth quarter worth approximately $30,000. Versant Capital Management Inc boosted its holdings in shares of Kelly Services by 52.0% during the third quarter. Versant Capital Management Inc now owns 3,006 shares of the business services provider's stock worth $39,000 after acquiring an additional 1,028 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Kelly Services in the fourth quarter valued at approximately $42,000. Finally, GAMMA Investing LLC increased its stake in shares of 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 purchasing an additional 2,156 shares during the period. 76.34% of the stock is owned by institutional investors.

About Kelly Services

(Get Free Report)

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.

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