StockNews.com Begins Coverage on GEE Group (NYSE:JOB)

Analysts at StockNews.com began coverage on shares of GEE Group (NYSE:JOB) in a research report issued to clients and investors on Sunday. The brokerage set a “buy” rating on the stock.

GEE Group Stock Performance

Shares of JOB stock opened at $0.30 on Friday. The company has a market capitalization of $32.62 million, a price-to-earnings ratio of 6.00 and a beta of 0.54. The company has a 50-day simple moving average of $0.33 and a 200 day simple moving average of $0.39. GEE Group has a 52 week low of $0.24 and a 52 week high of $0.63.

Insiders Place Their Bets

In other GEE Group news, Director John Randall Waterfield acquired 99,121 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was acquired at an average price of $0.36 per share, for a total transaction of $35,683.56. Following the purchase, the director now directly owns 454,121 shares of the company’s stock, valued at $163,483.56. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders acquired 535,612 shares of company stock worth $196,161 in the last quarter. 14.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On GEE Group

An institutional investor recently bought a new position in GEE Group stock. Cable Car Capital LLC purchased a new stake in shares of GEE Group Inc. (NYSE:JOB) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,683,792 shares of the company’s stock, valued at approximately $2,843,000. GEE Group comprises about 3.2% of Cable Car Capital LLC’s portfolio, making the stock its 12th largest position. Cable Car Capital LLC owned about 5.23% of GEE Group as of its most recent SEC filing. Hedge funds and other institutional investors own 30.38% of the company’s stock.

GEE Group Company Profile

GEE Group Inc provides permanent and temporary professional and industrial staffing and placement services in the United States. The company operates through two segments, Industrial Staffing Services and Professional Staffing Services. It offers placement of information technology, accounting, finance, office, engineering, engineering professionals for direct hire and contract staffing services, and data entry assistants; and temporary staffing services for industrial clients.