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

StockNews.com initiated coverage on shares of GEE Group (NYSE:JOB) in a research report sent to investors on Sunday. The firm issued a buy rating on the stock.

GEE Group Price Performance

JOB stock opened at $0.31 on Friday. GEE Group has a 1-year low of $0.24 and a 1-year high of $0.63. The firm has a fifty day moving average price of $0.33 and a two-hundred day moving average price of $0.38. The firm has a market cap of $33.61 million, a price-to-earnings ratio of 6.11 and a beta of 0.54.

Insider Buying and Selling at GEE Group

In other GEE Group news, Director John Randall Waterfield bought 150,000 shares of the stock in a transaction on Tuesday, June 4th. The stock was purchased at an average price of $0.38 per share, for a total transaction of $57,000.00. Following the completion of the purchase, the director now directly owns 805,000 shares in the company, valued at $305,900. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired a total of 535,612 shares of company stock worth $196,161 over the last 90 days. Insiders own 14.60% of the company’s stock.

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 position in shares of GEE Group Inc. (NYSE:JOB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 5.23% of GEE Group as of its most recent filing with the Securities & Exchange Commission. 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.