Dark Forest Capital Management LP Raises Holdings in Kforce Inc. (NASDAQ:KFRC)

Dark Forest Capital Management LP grew its stake in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) by 290.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 about 0.12% of Kforce worth $1,270,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC increased its position in shares of Kforce by 147.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,118 shares of the business services provider's stock valued at $63,000 after buying an additional 666 shares in the last quarter. Blue Trust Inc. raised its position in Kforce by 17.9% during the fourth quarter. Blue Trust Inc. now owns 1,810 shares of the business services provider's stock worth $111,000 after acquiring an additional 275 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Kforce by 23.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,547 shares of the business services provider's stock worth $144,000 after acquiring an additional 485 shares during the last quarter. QRG Capital Management Inc. acquired a new stake in shares of Kforce in the fourth quarter valued at approximately $206,000. Finally, Callan Family Office LLC purchased a new position in shares of Kforce during the 4th quarter worth approximately $207,000. Hedge funds and other institutional investors own 92.77% of the company's stock.

Analysts Set New Price Targets

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

Kforce Trading Down 0.2 %

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

Kforce Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a $0.39 dividend. This is a boost from Kforce's previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend was Friday, March 7th. Kforce's payout ratio is presently 58.21%.

Kforce Company Profile

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.