Northpointe Capital LLC Lifted Its Kelly Svcs INC (KELYA) Holding by $4.26 Million; Shares Declined

June 18, 2018 - By Clifton Ray

Kelly Services, Inc. (NASDAQ:KELYA) Logo

Northpointe Capital Llc increased its stake in Kelly Svcs Inc (KELYA) by 37.73% based on its latest 2018Q1 regulatory filing with the SEC. Northpointe Capital Llc bought 147,016 shares as the company’s stock declined 23.09% with the market. The institutional investor held 536,638 shares of the technology company at the end of 2018Q1, valued at $15.58 million, up from 389,622 at the end of the previous reported quarter. Northpointe Capital Llc who had been investing in Kelly Svcs Inc for a number of months, seems to be bullish on the $931.39 million market cap company. The stock increased 0.23% or $0.055 during the last trading session, reaching $23.525. About 206,797 shares traded. Kelly Services, Inc. (NASDAQ:KELYA) has declined 2.02% since June 18, 2017 and is downtrending. It has underperformed by 14.59% the S&P500.

Northpointe Capital Llc, which manages about $1.18 billion and $799.08M US Long portfolio, decreased its stake in Supernus Pharmaceuticals Inc (NASDAQ:SUPN) by 88,488 shares to 151,409 shares, valued at $6.94M in 2018Q1, according to the filing. It also reduced its holding in Callaway Golf Co (NYSE:ELY) by 211,886 shares in the quarter, leaving it with 215,776 shares, and cut its stake in Neophotonics Corp (NYSE:NPTN).

More news for Kelly Services, Inc. (NASDAQ:KELYA) were recently published by: Nasdaq.com, which released: “Mid-Afternoon Market Update: Crude Oil Up 1.3%; Qudian Shares Plunge” on May 21, 2018. Nasdaq.com‘s article titled: “Mid-Day Market Update: Dow Up 300 Points; SenesTech Shares Spike Higher” and published on May 21, 2018 is yet another important article.

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