GEE Group (NYSE:JOB) Research Coverage Started at initiated coverage on shares of GEE Group (NYSE:JOBFree Report) in a research report released on Monday morning. The brokerage issued a buy rating on the stock.

GEE Group Stock Down 2.3 %

GEE Group stock opened at $0.30 on Monday. The firm has a fifty day moving average of $0.33 and a 200-day moving average of $0.37. The firm has a market capitalization of $32.32 million, a P/E ratio of 5.94 and a beta of 0.54. GEE Group has a 52-week low of $0.24 and a 52-week high of $0.63.

Insider Buying and Selling at GEE Group

In related news, Director John Randall Waterfield acquired 150,000 shares of GEE Group stock in a transaction on Friday, May 31st. The shares were purchased at an average cost of $0.37 per share, for a total transaction of $55,500.00. Following the purchase, the director now directly owns 655,000 shares of the company’s stock, valued at approximately $242,350. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased 535,612 shares of company stock worth $196,161 in the last ninety days. 14.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in GEE Group stock. Cable Car Capital LLC acquired a new stake in GEE Group Inc. (NYSE:JOBFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 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 investment portfolio, making the stock its 12th biggest holding. Cable Car Capital LLC owned about 5.23% of GEE Group at the end of the most recent quarter. 30.38% of the stock is currently owned by hedge funds and other institutional investors.

GEE Group Company Profile

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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.

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