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

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

GEE Group Stock Up 3.0 %

GEE Group stock opened at $0.22 on Friday. The firm’s fifty day moving average is $0.23 and its 200 day moving average is $0.24. The company has a market cap of $24.15 million, a price-to-earnings ratio of -1.00 and a beta of 0.52. GEE Group has a 52-week low of $0.18 and a 52-week high of $0.51.

Insider Transactions at GEE Group

In other news, Director John Randall Waterfield acquired 131,779 shares of the business’s stock in a transaction dated Tuesday, January 14th. The shares were bought at an average cost of $0.24 per share, for a total transaction of $31,626.96. Following the acquisition, the director now directly owns 936,779 shares in the company, valued at $224,826.96. This trade represents a 16.37 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 16.72% of the company’s stock.

Institutional Investors Weigh In On GEE Group

A hedge fund recently raised its stake in GEE Group stock. NewEdge Advisors LLC increased its stake in GEE Group Inc. (NYSE:JOB) by 16.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 623,748 shares of the company’s stock after buying 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 SEC. 30.38% of the stock is currently owned by institutional investors.

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.