StockNews.com Initiates Coverage on GEE Group (NYSE:JOB)

Research analysts at StockNews.com began coverage on shares of GEE Group (NYSE:JOBGet Free Report) in a research note issued on Thursday. The firm set a “buy” rating on the stock.

GEE Group Stock Up 5.1 %

Shares of JOB opened at $0.24 on Thursday. The company has a market capitalization of $26.80 million, a price-to-earnings ratio of -1.22 and a beta of 0.60. GEE Group has a 52 week low of $0.20 and a 52 week high of $0.51. The stock’s 50-day moving average price is $0.24 and its 200-day moving average price is $0.26.

Insider Transactions at GEE Group

In related news, Director John Randall Waterfield bought 131,779 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was acquired at an average price of $0.24 per share, with a total value of $31,626.96. Following the completion of the purchase, the director now directly owns 936,779 shares of the company’s stock, valued at approximately $224,826.96. This trade represents a 16.37 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 16.72% of the company’s stock.

Hedge Funds Weigh In On GEE Group

An institutional investor recently raised its position in GEE Group stock. Raffles Associates LP lifted its stake in shares of GEE Group Inc. (NYSE:JOBFree Report) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,499,638 shares of the company’s stock after purchasing an additional 150,873 shares during the period. GEE Group accounts for about 3.3% of Raffles Associates LP’s portfolio, making the stock its 11th largest holding. Raffles Associates LP owned approximately 8.73% of GEE Group worth $2,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 30.38% of the company’s stock.

GEE Group Company Profile

(Get Free Report)

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.

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