GEE Group (NYSE:JOB) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of GEE Group (NYSE:JOB) in a research note issued to investors on Saturday. The brokerage issued a buy rating on the stock.

GEE Group Price Performance

JOB opened at $0.28 on Friday. The firm has a 50-day simple moving average of $0.31 and a two-hundred day simple moving average of $0.34. GEE Group has a 52 week low of $0.24 and a 52 week high of $0.63. The company has a market capitalization of $30.40 million, a PE ratio of 5.59 and a beta of 0.54.

Insider Buying and Selling at GEE Group

In related news, Director John Randall Waterfield acquired 150,000 shares of the company’s stock in a transaction on Friday, May 31st. The stock was acquired at an average price of $0.37 per share, with a total value of $55,500.00. Following the acquisition, the director now directly owns 655,000 shares of the company’s stock, valued at $242,350. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders purchased 485,421 shares of company stock valued at $178,452 in the last 90 days. Insiders own 14.60% of the company’s stock.

Institutional Trading of GEE Group

Several hedge funds have recently made changes to their positions in JOB. Cable Car Capital LLC purchased a new stake in shares of GEE Group during the 4th quarter valued at about $2,843,000. Alpha Cubed Investments LLC raised its position in shares of GEE Group by 9.7% during the 2nd quarter. Alpha Cubed Investments LLC now owns 487,880 shares of the company’s stock valued at $150,000 after buying an additional 43,053 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of GEE Group by 17.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,163,672 shares of the company’s stock valued at $357,000 after buying an additional 176,043 shares in the last quarter. Finally, Raffles Associates LP raised its position in shares of GEE Group by 1.6% during the 2nd quarter. Raffles Associates LP now owns 9,499,638 shares of the company’s stock valued at $2,913,000 after buying an additional 150,873 shares in the last quarter. 30.38% of the stock is currently owned by hedge funds and other institutional investors.

About GEE Group

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.