Semanteon Capital Management LP Makes New Investment in Kforce Inc. (NASDAQ:KFRC)

Semanteon Capital Management LP acquired a new position in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,278 shares of the business services provider's stock, valued at approximately $696,000. Semanteon Capital Management LP owned about 0.06% of Kforce as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Advisors Asset Management Inc. grew its stake in shares of Kforce by 197.3% in the third 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 during the last quarter. Intech Investment Management LLC bought a new stake in shares of Kforce in the 3rd quarter valued at about $302,000. Charles Schwab Investment Management Inc. grew its position in shares of Kforce by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 719,163 shares of the business services provider's stock valued at $44,193,000 after buying an additional 17,087 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Kforce during the third quarter worth about $1,114,000. Finally, Quantbot Technologies LP raised its position in shares of Kforce by 218.4% during the third quarter. Quantbot Technologies LP now owns 4,948 shares of the business services provider's stock worth $304,000 after acquiring an additional 3,394 shares during the last quarter. Institutional investors own 92.77% of the company's stock.

Kforce Trading Up 0.5 %

Shares of Kforce stock traded up $0.22 on Wednesday, hitting $48.78. 91,338 shares of the company's stock traded hands, compared to its average volume of 111,580. The company has a fifty day moving average of $51.86 and a two-hundred day moving average of $56.20. Kforce Inc. has a one year low of $47.63 and a one year high of $71.48. The company has a market capitalization of $932.23 million, a price-to-earnings ratio of 18.20 and a beta of 0.83. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06.

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Kforce Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date was Friday, March 7th. This is an increase from Kforce's previous quarterly dividend of $0.38. Kforce's payout ratio is presently 58.21%.

Wall Street Analysts Forecast Growth

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

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.