GEE Group Inc. (NYSE:JOB) Director Buys $31,626.96 in Stock

GEE Group Inc. (NYSE:JOB) Director John Randall Waterfield acquired 131,779 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were bought at an average price of $0.24 per share, for a total transaction of $31,626.96. Following the acquisition, 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

GEE Group Stock Down 6.1 %

JOB opened at $0.26 on Friday. The firm has a market capitalization of $28.88 million, a P/E ratio of -1.20 and a beta of 0.60. The stock has a fifty day moving average of $0.24 and a 200-day moving average of $0.26. GEE Group Inc. has a 12-month low of $0.20 and a 12-month high of $0.51.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in GEE Group stock. Raffles Associates LP raised its stake in GEE Group Inc. (NYSE:JOB) by 1.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,499,638 shares of the company’s stock after buying an additional 150,873 shares during the quarter. GEE Group accounts for about 3.3% of Raffles Associates LP’s holdings, making the stock its 11th biggest position. Raffles Associates LP owned approximately 8.73% of GEE Group worth $2,913,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 30.38% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of GEE Group in a report on Thursday. They set a “buy” rating on the 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.