GEE Group (NYSE:JOB) Coverage Initiated at StockNews.com

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

GEE Group Stock Down 2.6 %

NYSE JOB opened at $0.25 on Friday. The firm’s 50 day moving average is $0.24 and its 200-day moving average is $0.26. The company has a market capitalization of $27.35 million, a PE ratio of -1.14 and a beta of 0.60. GEE Group has a 12-month low of $0.20 and a 12-month high of $0.51.

Insiders Place Their Bets

In other news, Director John Randall Waterfield purchased 131,779 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were purchased at an average cost of $0.24 per share, with a total value of $31,626.96. Following the completion of the transaction, the director now owns 936,779 shares of the company’s stock, valued at $224,826.96. The trade was a 16.37 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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. Renaissance Technologies LLC grew its stake in shares of GEE Group Inc. (NYSE:JOB) by 17.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,163,672 shares of the company’s stock after acquiring an additional 176,043 shares during the period. Renaissance Technologies LLC owned 1.07% of GEE Group worth $357,000 at the end of the most recent quarter. 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.