Palm Valley Capital Fund increased investment in Kelly Services due to solid performance

From Yahoo Finance: 2025-04-07 10:41:00

Palm Valley Capital Management’s first quarter 2025 investor letter shows Palm Valley Capital Fund appreciated 0.57%, outperforming the S&P SmallCap 600 and Morningstar Small Cap Total Return Index. Cash was 76.5% of Fund assets at quarter end. Top five holdings can be found in the letter.

Kelly Services, Inc. (NASDAQ:KELYA) is a staffing solutions provider highlighted in Palm Valley Capital Fund’s Q1 2025 letter. The stock had a one-month return of -10.46% and lost 51.59% over the last 52 weeks, closing at $12.25 per share on April 4, 2025.

Palm Valley Capital Fund increased weightings in Kelly Services, Inc. (NASDAQ:KELYA) among others, praising the firm’s solid operating performance. Kelly Services’ stock price, despite strong performance, reflects industry trends affecting public staffing companies.

Kelly Services, Inc. (NASDAQ:KELYA) is not among the 30 Most Popular Stocks Among Hedge Funds. 19 hedge fund portfolios held the stock at the end of Q4, down from 11 in the previous quarter. Insider Monkey suggests AI stocks may offer higher returns in a shorter timeframe compared to Kelly Services, Inc. (NASDAQ:KELYA).

For more hedge fund investor letters from Q1 2025, visit Insider Monkey’s page. No disclosures were made in the article originally published on Insider Monkey.



Read more at Yahoo Finance: Palm Valley Capital Fund Added Kelly Services (KELYA) Amid Solid Operating Performance