GEE Group (NYSE:JOB) Receives New Coverage from Analysts at StockNews.com

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

GEE Group Trading Down 2.6 %

Shares of NYSE JOB opened at $0.31 on Friday. The stock has a fifty day simple moving average of $0.33 and a two-hundred day simple moving average of $0.39. GEE Group has a 1-year low of $0.24 and a 1-year high of $0.63. The firm has a market cap of $33.35 million, a price-to-earnings ratio of 6.13 and a beta of 0.46.

Insider Transactions at GEE Group

In related news, Director John Randall Waterfield purchased 150,000 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was purchased at an average cost of $0.38 per share, with a total value of $57,000.00. Following the completion of the acquisition, the director now directly owns 805,000 shares of the company’s stock, valued at $305,900. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders purchased 535,612 shares of company stock valued at $196,161 over the last three months. Company insiders own 14.60% of the company’s stock.

Institutional Investors Weigh In On GEE Group

A hedge fund recently bought a new stake in GEE Group stock. Cable Car Capital LLC acquired a new stake in shares of GEE Group Inc. (NYSE:JOB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,683,792 shares of the company’s stock, valued at approximately $2,843,000. GEE Group accounts for approximately 3.2% of Cable Car Capital LLC’s holdings, making the stock its 12th largest position. Cable Car Capital LLC owned approximately 5.23% of GEE Group as of its most recent SEC filing. Institutional investors own 30.38% of the company’s stock.

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.