Initiates Coverage on GEE Group (NYSE:JOB)

Equities researchers at started coverage on shares of GEE Group (NYSE:JOBGet Free Report) in a research report issued to clients and investors on Saturday. The brokerage set a “buy” rating on the stock.

GEE Group Trading Up 3.4 %

Shares of NYSE JOB opened at $0.33 on Friday. The company has a fifty day moving average price of $0.33 and a 200 day moving average price of $0.39. GEE Group has a 1-year low of $0.24 and a 1-year high of $0.63. The firm has a market cap of $35.89 million, a PE ratio of 6.60 and a beta of 0.46.

Insider Buying and Selling

In other GEE Group news, Director John Randall Waterfield acquired 150,000 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were acquired at an average price of $0.37 per share, with a total value of $55,500.00. Following the completion of the transaction, the director now directly owns 655,000 shares in the company, valued at approximately $242,350. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders bought 535,612 shares of company stock worth $196,161. 14.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On GEE Group

An institutional investor recently bought a new position in GEE Group stock. Cable Car Capital LLC purchased a new stake in GEE Group Inc. (NYSE:JOBFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,683,792 shares of the company’s stock, valued at approximately $2,843,000. GEE Group comprises 3.2% of Cable Car Capital LLC’s holdings, making the stock its 12th largest position. Cable Car Capital LLC owned approximately 5.23% of GEE Group as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 30.38% of the company’s stock.

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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