Dark Forest Capital Management LP Buys 16,660 Shares of Kforce Inc. (NASDAQ:KFRC)

Dark Forest Capital Management LP boosted its stake in Kforce Inc. (NASDAQ:KFRC - Free Report) by 290.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,396 shares of the business services provider's stock after acquiring an additional 16,660 shares during the period. Dark Forest Capital Management LP owned 0.12% of Kforce worth $1,270,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KFRC. Harbor Capital Advisors Inc. increased its stake in shares of Kforce by 10.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 9,307 shares of the business services provider's stock worth $528,000 after purchasing an additional 889 shares during the last quarter. Barclays PLC raised its stake in shares of Kforce by 171.9% in the third quarter. Barclays PLC now owns 42,166 shares of the business services provider's stock valued at $2,591,000 after buying an additional 26,657 shares during the period. Geode Capital Management LLC lifted its position in shares of Kforce by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 480,479 shares of the business services provider's stock valued at $29,530,000 after buying an additional 18,386 shares during the last quarter. Heritage Family Offices LLP bought a new position in shares of Kforce during the 4th quarter worth $258,000. Finally, Blue Trust Inc. raised its stake in Kforce by 17.9% in the 4th quarter. Blue Trust Inc. now owns 1,810 shares of the business services provider's stock valued at $111,000 after acquiring an additional 275 shares during the period. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

Kforce Stock Performance

Shares of NASDAQ KFRC traded down $0.08 during mid-day trading on Friday, hitting $43.96. The company had a trading volume of 134,247 shares, compared to its average volume of 120,918. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. Kforce Inc. has a 1 year low of $42.11 and a 1 year high of $71.48. The company has a market capitalization of $840.10 million, a price-to-earnings ratio of 16.40 and a beta of 0.76. The stock's 50-day moving average price is $47.88 and its 200-day moving average price is $53.73.

Kforce Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a dividend of $0.39 per share. The ex-dividend date was Friday, March 7th. This is a boost from Kforce's previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a dividend yield of 3.55%. Kforce's dividend payout ratio is currently 58.21%.

Analyst Upgrades and Downgrades

Separately, Truist Financial reduced their target price on shares of Kforce from $58.00 to $50.00 and set a "hold" rating for the company in a research note on Tuesday, April 15th.

About Kforce

Kforce Inc provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA). The Technology segment provides talent solutions to its clients primarily in the areas of information technology, such as systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security.