Raffles Associates LP Grows Stock Holdings in GEE Group Inc. (NYSE:JOB)

Raffles Associates LP grew its holdings in GEE Group Inc. (NYSE:JOB) by 1.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,499,638 shares of the company’s stock after acquiring an additional 150,873 shares during the period. GEE Group comprises approximately 3.3% of Raffles Associates LP’s holdings, making the stock its 11th biggest holding. Raffles Associates LP owned about 8.73% of GEE Group worth $2,913,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Alpha Cubed Investments LLC lifted its stake in shares of GEE Group by 9.7% during the second quarter. Alpha Cubed Investments LLC now owns 487,880 shares of the company’s stock worth $150,000 after purchasing an additional 43,053 shares in the last quarter. Renaissance Technologies LLC raised its holdings 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 during the period. Finally, Cable Car Capital LLC acquired a new position in GEE Group during the 4th quarter worth approximately $2,843,000. 30.38% of the stock is owned by hedge funds and other institutional investors.

GEE Group Price Performance

GEE Group stock opened at $0.25 on Tuesday. GEE Group Inc. has a 12-month low of $0.23 and a 12-month high of $0.61. The company has a market capitalization of $27.65 million, a price-to-earnings ratio of 5.08 and a beta of 0.49. The firm’s fifty day moving average price is $0.28 and its 200 day moving average price is $0.32.

GEE Group (NYSE:JOB) last announced its earnings results on Wednesday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $29.46 million for the quarter. GEE Group had a negative return on equity of 3.89% and a negative net margin of 17.66%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of GEE Group in a research report on Wednesday, September 18th. They issued a “buy” rating for the company.

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.