Proficio Capital Partners LLC Purchases New Stake in Kforce Inc. (NASDAQ:KFRC)

Proficio Capital Partners LLC purchased a new stake in shares of Kforce Inc. (NASDAQ:KFRC) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 87,318 shares of the business services provider’s stock, valued at approximately $4,951,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its stake in shares of Kforce by 9.6% during the 4th quarter. Bank of New York Mellon Corp now owns 148,971 shares of the business services provider’s stock worth $8,447,000 after buying an additional 13,066 shares during the last quarter. Access Investment Management LLC raised its holdings in Kforce by 0.7% in the 4th quarter. Access Investment Management LLC now owns 36,605 shares of the business services provider’s stock valued at $2,076,000 after acquiring an additional 265 shares during the period. Rhumbline Advisers increased its stake in shares of Kforce by 3.7% during the fourth quarter. Rhumbline Advisers now owns 40,093 shares of the business services provider’s stock worth $2,273,000 after purchasing an additional 1,425 shares during the period. Polaris Capital Management LLC lifted its holdings in Kforce by 8.2% during the 4th quarter. Polaris Capital Management LLC now owns 35,694 shares of the business services provider’s stock worth $2,024,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Kforce by 18.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,657 shares of the business services provider’s stock valued at $718,000 after purchasing an additional 1,935 shares during the period. 92.77% of the stock is owned by institutional investors.

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 Price Performance

Shares of NASDAQ KFRC opened at $49.07 on Tuesday. The business has a fifty day moving average price of $53.94 and a two-hundred day moving average price of $57.98. The stock has a market capitalization of $937.76 million, a PE ratio of 18.31 and a beta of 0.88. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06. Kforce Inc. has a fifty-two week low of $48.03 and a fifty-two week high of $74.79.

Kforce Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $0.39 per share. This is a boost from Kforce’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, March 7th. This represents a $1.56 annualized dividend and a yield of 3.18%. Kforce’s dividend payout ratio is currently 58.21%.

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.