Initiates Coverage on GEE Group (NYSE:JOB) started coverage on shares of GEE Group (NYSE:JOBGet Free Report) in a research note issued to investors on Thursday. The brokerage set a “buy” rating on the stock.

GEE Group Price Performance

NYSE:JOB opened at $0.37 on Thursday. The firm has a market capitalization of $39.95 million, a price-to-earnings ratio of 7.35, a price-to-earnings-growth ratio of 1.17 and a beta of 0.46. GEE Group has a one year low of $0.30 and a one year high of $0.63. The business has a fifty day moving average price of $0.34 and a 200-day moving average price of $0.41.

Insider Transactions at GEE Group

In other GEE Group news, Director John Randall Waterfield purchased 150,000 shares of the business’s stock in a transaction on Friday, May 31st. The stock was acquired at an average price of $0.37 per share, for a total transaction of $55,500.00. Following 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased 535,612 shares of company stock worth $196,161 in the last three months. Corporate insiders own 14.60% of the company’s stock.

Institutional Investors Weigh In On GEE Group

A hedge fund recently bought a new stake in GEE Group stock. Cable Car Capital LLC acquired a new stake in shares of GEE Group Inc. (NYSE:JOBFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 5,683,792 shares of the company’s stock, valued at approximately $2,843,000. GEE Group comprises about 3.2% of Cable Car Capital LLC’s investment portfolio, making the stock its 12th largest position. Cable Car Capital LLC owned 5.23% of GEE Group as of its most recent filing with the SEC. 30.38% of the stock is owned by institutional investors.

About GEE Group

(Get Free Report)

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.

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