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

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

GEE Group Stock Performance

JOB opened at $0.28 on Friday. The stock’s fifty day moving average is $0.31 and its 200-day moving average is $0.34. GEE Group has a one year low of $0.24 and a one year high of $0.63. The company has a market capitalization of $30.49 million, a PE ratio of 5.61 and a beta of 0.54.

Insider Buying and Selling at GEE Group

In other GEE Group news, Director John Randall Waterfield acquired 150,000 shares of the stock in a transaction dated Friday, May 31st. The shares were bought at an average price of $0.37 per share, with a total value of $55,500.00. Following the purchase, the director now directly owns 655,000 shares of the company’s stock, valued at approximately $242,350. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last three months, insiders acquired 521,327 shares of company stock valued at $191,019. 14.60% of the stock is owned by insiders.

Institutional Investors Weigh In On GEE Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cable Car Capital LLC acquired a new position in shares of GEE Group in the 4th quarter worth $2,843,000. Renaissance Technologies LLC boosted its position in shares of GEE Group by 17.8% in the 2nd 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. Raffles Associates LP increased its stake in GEE Group by 1.6% in the 2nd quarter. Raffles Associates LP now owns 9,499,638 shares of the company’s stock worth $2,913,000 after purchasing an additional 150,873 shares in the last quarter. Finally, Alpha Cubed Investments LLC increased its stake in GEE Group by 9.7% in the 2nd 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 in the last quarter. Institutional investors and hedge funds 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.