QRG Capital Management Inc. Takes $206,000 Position in Kforce Inc. (NASDAQ:KFRC)

QRG Capital Management Inc. bought a new stake in Kforce Inc. (NASDAQ:KFRC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,625 shares of the business services provider’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC purchased a new stake in shares of Kforce in the fourth quarter valued at about $4,951,000. Bank of New York Mellon Corp increased its holdings in Kforce by 9.6% during the fourth 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 increased its holdings in Kforce by 0.7% during the fourth quarter. Access Investment Management LLC now owns 36,605 shares of the business services provider’s stock worth $2,076,000 after buying an additional 265 shares during the last quarter. Rhumbline Advisers increased its holdings in 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 buying an additional 1,425 shares during the last quarter. Finally, Polaris Capital Management LLC increased its holdings in Kforce by 8.2% during the fourth quarter. Polaris Capital Management LLC now owns 35,694 shares of the business services provider’s stock worth $2,024,000 after buying an additional 2,700 shares during the last quarter. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Kforce Price Performance

KFRC stock opened at $51.26 on Friday. The firm has a 50 day moving average of $53.38 and a 200-day moving average of $57.65. 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 $48.03 and a 12 month high of $74.34. The firm has a market capitalization of $979.61 million, a P/E ratio of 19.13 and a beta of 0.83.

Kforce Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be 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 dividend yield of 3.04%. The ex-dividend date of this dividend is Friday, March 7th. Kforce’s dividend payout ratio (DPR) is 58.21%.

Analyst Upgrades and Downgrades

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