Dark Forest Capital Management LP Has $1.27 Million Stake in Kforce Inc. (NASDAQ:KFRC)

Dark Forest Capital Management LP raised its stake in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) by 290.4% in the 4th quarter, according to 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 buying an additional 16,660 shares during the quarter. 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 and hedge funds also recently modified their holdings of the company. Marshall Wace LLP bought a new stake in shares of Kforce in the 4th quarter valued at $6,683,000. Tributary Capital Management LLC raised its position in shares of Kforce by 38.3% during the fourth quarter. Tributary Capital Management LLC now owns 422,930 shares of the business services provider's stock worth $23,980,000 after purchasing an additional 117,231 shares during the period. Raymond James Financial Inc. bought a new position in shares of Kforce during the 4th quarter valued at about $5,146,000. Proficio Capital Partners LLC acquired a new position in shares of Kforce in the 4th quarter valued at approximately $4,951,000. Finally, Wellington Management Group LLP raised its holdings in Kforce by 36.3% during the 4th quarter. Wellington Management Group LLP now owns 297,111 shares of the business services provider's stock worth $16,846,000 after buying an additional 79,100 shares during the period. 92.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Truist Financial dropped their price target 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 Stock Down 2.1 %

Shares of NASDAQ:KFRC traded down $0.92 during trading on Monday, hitting $43.00. 36,881 shares of the company were exchanged, compared to its average volume of 131,055. The stock has a market cap of $821.68 million, a price-to-earnings ratio of 16.04 and a beta of 0.76. Kforce Inc. has a fifty-two week low of $42.11 and a fifty-two week high of $71.48. The firm has a fifty day moving average price of $47.88 and a two-hundred day moving average price of $53.70. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a dividend of $0.39 per share. This is an increase from Kforce's previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend was Friday, March 7th. Kforce's payout ratio is currently 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.