GEE Group (NYSE:JOB) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of GEE Group (NYSE:JOB) in a note issued to investors on Sunday. The firm set a “buy” rating on the stock.

GEE Group Stock Performance

NYSE:JOB opened at $0.28 on Friday. GEE Group has a 1 year low of $0.24 and a 1 year high of $0.63. The stock has a market cap of $30.24 million, a price-to-earnings ratio of 5.56 and a beta of 0.54. The stock has a 50-day moving average price of $0.30 and a two-hundred day moving average price of $0.34.

Insider Buying and Selling at GEE Group

In other GEE Group news, Director John Randall Waterfield bought 150,000 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was purchased at an average cost of $0.38 per share, with a total value of $57,000.00. Following the completion of the purchase, the director now owns 805,000 shares in the company, valued at $305,900. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last ninety days, insiders acquired 399,121 shares of company stock valued at $148,184. Company insiders own 14.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Alpha Cubed Investments LLC boosted its position in shares of GEE Group by 9.7% during the second quarter. Alpha Cubed Investments LLC now owns 487,880 shares of the company’s stock worth $150,000 after buying an additional 43,053 shares during the period. Raffles Associates LP raised its holdings in GEE Group by 1.6% during the second quarter. Raffles Associates LP now owns 9,499,638 shares of the company’s stock worth $2,913,000 after acquiring an additional 150,873 shares in the last quarter. Renaissance Technologies LLC raised its holdings in GEE Group by 17.8% during the second quarter. Renaissance Technologies LLC now owns 1,163,672 shares of the company’s stock worth $357,000 after acquiring an additional 176,043 shares in the last quarter. Finally, Cable Car Capital LLC bought a new stake in GEE Group during the fourth quarter worth about $2,843,000. 30.38% of the stock is owned by institutional investors and hedge funds.

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.