GEE Group (NYSE:JOB) Earns Buy Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of GEE Group (NYSE:JOB) in a research note published on Sunday morning. The brokerage issued a buy rating on the stock.

GEE Group Stock Performance

Shares of GEE Group stock opened at $0.26 on Friday. The stock has a market cap of $28.79 million, a price-to-earnings ratio of 5.29 and a beta of 0.54. The stock has a 50 day moving average price of $0.30 and a 200-day moving average price of $0.33. GEE Group has a one year low of $0.24 and a one year high of $0.63.

GEE Group (NYSE:JOB) last announced its earnings results on Wednesday, August 14th. The company reported ($0.04) EPS for the quarter. The company had revenue of $29.46 million during the quarter. GEE Group had a return on equity of 7.32% and a net margin of 4.23%.

Insider Transactions at GEE Group

In related news, Director John Randall Waterfield bought 150,000 shares of the company’s stock in a transaction dated Friday, May 31st. The stock was purchased at an average price of $0.37 per share, for a total transaction of $55,500.00. Following the acquisition, the director now owns 655,000 shares in the company, valued at $242,350. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 14.60% of the company’s stock.

Hedge Funds Weigh In On GEE Group

Large investors have recently bought and sold shares of the business. Alpha Cubed Investments LLC boosted its holdings in 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 acquiring an additional 43,053 shares during the period. Renaissance Technologies LLC boosted its holdings in 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 acquiring an additional 176,043 shares during the period. Cable Car Capital LLC purchased a new position in GEE Group during the 4th quarter valued at $2,843,000. Finally, Raffles Associates LP boosted its holdings in 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 acquiring an additional 150,873 shares during the period. 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.