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

StockNews.com assumed coverage on shares of GEE Group (NYSE:JOB) in a research report sent to investors on Saturday. The brokerage issued a buy rating on the stock.

GEE Group Stock Performance

GEE Group stock opened at $0.28 on Friday. GEE Group has a fifty-two week low of $0.24 and a fifty-two week high of $0.63. The stock has a fifty day moving average of $0.31 and a two-hundred day moving average of $0.34. The company has a market capitalization of $30.49 million, a price-to-earnings ratio of 5.61 and a beta of 0.54.

Insider Transactions at GEE Group

In other news, Director John Randall Waterfield acquired 150,000 shares of GEE Group stock in a transaction that occurred on Friday, May 31st. The shares were acquired at an average price of $0.37 per share, with a total value of $55,500.00. Following the completion of the purchase, the director now owns 655,000 shares of the company’s stock, valued at approximately $242,350. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders bought a total of 535,612 shares of company stock worth $196,161 over the last ninety days. 14.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On GEE Group

Several large investors have recently added to or reduced their stakes in the business. Raffles Associates LP increased its stake in shares of GEE Group by 1.6% during the 2nd quarter. Raffles Associates LP now owns 9,499,638 shares of the company’s stock valued at $2,913,000 after acquiring an additional 150,873 shares during the last quarter. Renaissance Technologies LLC grew its holdings in GEE Group by 17.8% in the second quarter. Renaissance Technologies LLC now owns 1,163,672 shares of the company’s stock valued at $357,000 after purchasing an additional 176,043 shares during the period. Alpha Cubed Investments LLC increased its position in 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 during the last quarter. Finally, Cable Car Capital LLC purchased a new position in GEE Group during the fourth quarter worth approximately $2,843,000. 30.38% of the stock is currently owned by hedge funds and other institutional investors.

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.