Proficio Capital Partners LLC Makes New $4.95 Million Investment in Kforce Inc. (NASDAQ:KFRC)

Proficio Capital Partners LLC acquired a new stake in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 87,318 shares of the business services provider's stock, valued at approximately $4,951,000. Proficio Capital Partners LLC owned approximately 0.46% of Kforce as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in KFRC. TD Private Client Wealth LLC lifted its position in shares of Kforce by 58.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 496 shares of the business services provider's stock valued at $30,000 after buying an additional 182 shares in the last quarter. Blue Trust Inc. lifted its holdings in Kforce by 17.9% in the 4th quarter. Blue Trust Inc. now owns 1,810 shares of the business services provider's stock worth $111,000 after purchasing an additional 275 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Kforce by 197.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,396 shares of the business services provider's stock worth $147,000 after purchasing an additional 1,590 shares in the last quarter. QRG Capital Management Inc. purchased a new position in Kforce in the 4th quarter worth approximately $206,000. Finally, Paloma Partners Management Co purchased a new position in Kforce in the 3rd quarter worth approximately $221,000. 92.77% of the stock is owned by hedge funds and other institutional investors.

Kforce Price Performance

NASDAQ:KFRC traded down $1.35 during trading hours on Thursday, reaching $49.23. The stock had a trading volume of 104,959 shares, compared to its average volume of 110,006. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06. Kforce Inc. has a 52 week low of $48.03 and a 52 week high of $72.19. The company has a 50 day moving average price of $52.37 and a two-hundred day moving average price of $56.68. The stock has a market capitalization of $940.87 million, a PE ratio of 18.37 and a beta of 0.83.

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Kforce Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a $0.39 dividend. This is an increase from Kforce's previous quarterly dividend of $0.38. The ex-dividend date is Friday, March 7th. This represents a $1.56 dividend on an annualized basis and a yield of 3.17%. Kforce's payout ratio is presently 58.21%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Kforce from a "hold" rating to a "buy" rating in a report on Saturday, November 30th.

Kforce 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.