Potential Kelly Services, Inc. (NASDAQ:KELY.A) shareholders may wish to note that the Independent Chairman of the Board, Donald Parfet, recently bought US$202k worth of stock, paying US$18.34 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 15%.

See our latest analysis for Kelly Services

Kelly Services Insider Transactions Over The Last Year

Notably, that recent purchase by Independent Chairman of the Board Donald Parfet was not the only time they bought Kelly Services shares this year. They previously made an even bigger purchase of US$248k worth of shares at a price of US$18.01 per share. That means that an insider was happy to buy shares at around the current price of US$18.26. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Kelly Services share holders is that an insider was buying at near the current price. Donald Parfet was the only individual insider to buy shares in the last twelve months.

Donald Parfet purchased 25.00k shares over the year. The average price per share was US$17.99. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Kelly Services insiders own 3.1% of the company, worth about US$21m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Do The Kelly Services Insider Transactions Indicate?

The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. Given that insiders also own a fair bit of Kelly Services we think they are probably pretty confident of a bright future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Case in point: We've spotted 3 warning signs for Kelly Services you should be aware of.

But note: Kelly Services may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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