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

StockNews.com initiated coverage on shares of GEE Group (NYSE:JOB) in a research report issued on Sunday. The brokerage set a “buy” rating on the stock.

GEE Group Trading Up 2.1 %

Shares of NYSE:JOB opened at $0.20 on Friday. The firm has a market capitalization of $21.55 million, a PE ratio of -0.90 and a beta of 0.81. GEE Group has a 1-year low of $0.18 and a 1-year high of $0.51. The business’s 50 day moving average is $0.22 and its 200-day moving average is $0.24.

Insider Buying and Selling at GEE Group

In related news, Director John Randall Waterfield acquired 131,779 shares of the stock in a transaction dated Tuesday, January 14th. The shares were bought at an average cost of $0.24 per share, for a total transaction of $31,626.96. Following the purchase, the director now owns 936,779 shares in the company, valued at approximately $224,826.96. This trade represents a 16.37 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 16.72% of the company’s stock.

Hedge Funds Weigh In On GEE Group

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