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

Research analysts at StockNews.com started coverage on shares of GEE Group (NYSE:JOB) in a report released on Monday. The firm set a “buy” rating on the stock.

GEE Group Stock Up 3.1 %

Shares of GEE Group stock opened at $0.24 on Monday. GEE Group has a 12-month low of $0.20 and a 12-month high of $0.51. The firm has a market capitalization of $26.56 million, a PE ratio of -1.10 and a beta of 0.60. The stock’s fifty day moving average is $0.23 and its 200-day moving average is $0.25.

Insider Buying and Selling at GEE Group

In other GEE Group news, Director John Randall Waterfield bought 131,779 shares of GEE Group stock in a transaction dated Tuesday, January 14th. The stock was bought at an average price of $0.24 per share, for a total transaction of $31,626.96. Following the completion of the acquisition, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 16.72% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in GEE Group stock. NewEdge Advisors LLC increased its position in shares of GEE Group Inc. (NYSE:JOB) by 16.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 623,748 shares of the company’s stock after acquiring an additional 88,900 shares during the period. NewEdge Advisors LLC owned about 0.57% of GEE Group worth $129,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other 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.