Kforce (NASDAQ:KFRC) Hits New 1-Year Low – Should You Sell?

Shares of Kforce Inc. (NASDAQ:KFRC) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $47.22 and last traded at $47.23, with a volume of 46911 shares changing hands. The stock had previously closed at $49.86.

Kforce Trading Down 1.0 %

The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $50.65 and a 200-day moving average price of $55.52. The company has a market capitalization of $893.55 million, a price-to-earnings ratio of 17.45 and a beta of 0.83.

Kforce Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a $0.39 dividend. The ex-dividend date was Friday, March 7th. This is a boost from Kforce’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a yield of 3.34%. Kforce’s payout ratio is 58.21%.

Hedge Funds Weigh In On Kforce

Several large investors have recently made changes to their positions in the business. Wellington Management Group LLP lifted its stake in Kforce by 36.3% during the fourth quarter. Wellington Management Group LLP now owns 297,111 shares of the business services provider’s stock valued at $16,846,000 after purchasing an additional 79,100 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Kforce by 9.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 37,257 shares of the business services provider’s stock valued at $2,112,000 after acquiring an additional 3,259 shares during the last quarter. Voloridge Investment Management LLC boosted its stake in shares of Kforce by 670.8% during the 4th quarter. Voloridge Investment Management LLC now owns 69,713 shares of the business services provider’s stock worth $3,953,000 after acquiring an additional 60,669 shares in the last quarter. Vident Advisory LLC grew its holdings in shares of Kforce by 57.9% in the 4th quarter. Vident Advisory LLC now owns 10,644 shares of the business services provider’s stock worth $604,000 after acquiring an additional 3,902 shares during the last quarter. Finally, Sovereign s Capital Management LLC acquired a new stake in shares of Kforce during the fourth quarter worth $953,000. Institutional investors own 92.77% of the company’s stock.

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.