StockNews.com Begins Coverage on GEE Group (NYSE:JOB)

Stock analysts at StockNews.com began coverage on shares of GEE Group (NYSE:JOB) in a research report issued to clients and investors on Monday. The brokerage set a “buy” rating on the stock.

GEE Group Stock Down 0.7 %

Shares of JOB stock opened at $0.24 on Monday. GEE Group has a 12-month low of $0.20 and a 12-month high of $0.51. The company has a market capitalization of $26.37 million, a P/E ratio of -1.10 and a beta of 0.60. The firm has a 50-day moving average price of $0.23 and a 200 day moving average price of $0.25.

Insider Activity at GEE Group

In related news, Director John Randall Waterfield acquired 131,779 shares of the stock in a transaction on Tuesday, January 14th. The stock was purchased at an average price of $0.24 per share, for a total transaction of $31,626.96. Following 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 16.72% of the stock is currently owned by insiders.

Institutional Investors Weigh In On GEE Group

A hedge fund recently raised its stake in GEE Group stock. NewEdge Advisors LLC raised its stake in GEE Group Inc. (NYSE:JOB) by 16.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 about 0.57% of GEE Group worth $129,000 as of its most recent filing with the Securities and Exchange Commission. 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.