GSA Capital Partners LLP Sells 4,946 Shares of Kforce Inc. (KFRC)
GSA Capital Partners LLP lowered its stake in Kforce Inc. (NASDAQ:KFRC) by 10.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 44,433 shares of the business services provider’s stock after selling 4,946 shares during the quarter. GSA Capital Partners LLP owned about 0.17% of Kforce worth $898,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the company. Strs Ohio boosted its holdings in Kforce by 5.8% in the second quarter. Strs Ohio now owns 18,100 shares of the business services provider’s stock valued at $354,000 after purchasing an additional 1,000 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Kforce by 6.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 234,369 shares of the business services provider’s stock valued at $4,594,000 after purchasing an additional 13,533 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Kforce by 612.0% in the second quarter. BNP Paribas Arbitrage SA now owns 5,340 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 4,590 shares during the last quarter. KBC Group NV purchased a new position in Kforce in the second quarter valued at about $266,000. Finally, Federated Investors Inc. PA boosted its holdings in Kforce by 15.5% in the second quarter. Federated Investors Inc. PA now owns 20,958 shares of the business services provider’s stock valued at $411,000 after purchasing an additional 2,812 shares during the last quarter. Institutional investors and hedge funds own 78.77% of the company’s stock.
A number of research analysts recently commented on KFRC shares. Northcoast Research raised Kforce from a “neutral” rating to a “buy” rating in a report on Monday, November 6th. Zacks Investment Research raised Kforce from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. ValuEngine downgraded Kforce from a “buy” rating to a “hold” rating in a report on Friday, September 1st. SunTrust Banks downgraded Kforce from a “buy” rating to a “hold” rating and reduced their price target for the company from $23.00 to $22.00 in a report on Wednesday, October 11th. Finally, TheStreet raised Kforce from a “c+” rating to a “b” rating in a report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $24.20.
In related news, CEO David L. Dunkel sold 17,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $23.90, for a total value of $406,300.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO David M. Kelly sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $24.05, for a total value of $360,750.00. The disclosure for this sale can be found here. In the last three months, insiders sold 67,950 shares of company stock worth $1,687,295. Company insiders own 13.30% of the company’s stock.
Kforce Inc. (NASDAQ:KFRC) opened at $25.85 on Wednesday. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.91. Kforce Inc. has a 1-year low of $16.75 and a 1-year high of $26.95. The company has a market capitalization of $689.47, a P/E ratio of 18.08 and a beta of 1.67.
Kforce (NASDAQ:KFRC) last released its earnings results on Tuesday, October 31st. The business services provider reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. Kforce had a return on equity of 28.83% and a net margin of 2.71%. The company had revenue of $341.05 million for the quarter, compared to the consensus estimate of $340.67 million. During the same quarter last year, the business posted $0.44 EPS. Kforce’s quarterly revenue was up .2% compared to the same quarter last year. sell-side analysts expect that Kforce Inc. will post 1.5 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 8th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Thursday, December 7th. Kforce’s dividend payout ratio (DPR) is 33.57%.
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Kforce Company Profile
Kforce Inc (Kforce) is engaged in providing professional and technical specialty staffing services and solutions. The Company operates through three segments, which include Technology (Tech), Finance and Accounting (FA) and Government Solutions (GS). The Company’s Tech segment includes the operations of its subsidiary Kforce Global Solutions, Inc The FA segment is engaged in providing both temporary staffing and permanent placement services to its clients in areas, such as general accounting, business analysis and others.
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