4,594 Shares in Kforce Inc. (NASDAQ:KFRC) Bought by Magnetar Financial LLC

Magnetar Financial LLC bought a new position in Kforce Inc. (NASDAQ:KFRC) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 4,594 shares of the business services provider’s stock, valued at approximately $260,000.

Several other hedge funds also recently bought and sold shares of the company. TD Private Client Wealth LLC boosted its holdings 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 purchasing an additional 182 shares during the last quarter. Atria Investments Inc boosted its holdings in shares of Kforce by 3.1% during the 4th quarter. Atria Investments Inc now owns 7,058 shares of the business services provider’s stock valued at $400,000 after purchasing an additional 209 shares during the last quarter. Access Investment Management LLC boosted its holdings in shares of Kforce by 0.7% during 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 purchasing an additional 265 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Kforce by 17.9% during the 4th quarter. Blue Trust Inc. now owns 1,810 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 275 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Kforce by 6.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 5,154 shares of the business services provider’s stock valued at $292,000 after purchasing an additional 293 shares during the last quarter. Institutional investors own 92.77% of the company’s stock.

Kforce Stock Down 1.2 %

Shares of NASDAQ:KFRC opened at $48.63 on Monday. 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 Inc. has a 12 month low of $47.63 and a 12 month high of $71.48. The company has a 50-day moving average price of $52.13 and a 200 day moving average price of $56.40. The company has a market cap of $929.27 million, a price-to-earnings ratio of 18.14 and a beta of 0.83.

Kforce Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a $0.39 dividend. This is a positive change from Kforce’s previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date was Friday, March 7th. Kforce’s dividend payout ratio is 58.21%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Kforce from a “hold” rating to a “buy” rating in a report 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.