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

StockNews.com assumed coverage on shares of GEE Group (NYSE:JOB) in a research note issued to investors on Sunday. The brokerage issued a buy rating on the stock.

GEE Group Stock Up 2.1 %

GEE Group stock opened at $0.20 on Friday. The firm has a market capitalization of $21.55 million, a PE ratio of -0.90 and a beta of 0.81. GEE Group has a 52 week low of $0.18 and a 52 week high of $0.51. The firm’s 50-day simple moving average is $0.22 and its 200 day simple moving average is $0.24.

Insider Activity

In related news, Director John Randall Waterfield acquired 131,779 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were acquired at an average price of $0.24 per share, with a total value of $31,626.96. Following the completion of the purchase, the director now directly owns 936,779 shares in the company, valued at approximately $224,826.96. The trade was a 16.37 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 16.72% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in GEE Group stock. NewEdge Advisors LLC increased its position in GEE Group Inc. (NYSE:JOB) by 16.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 623,748 shares of the company’s stock after buying an additional 88,900 shares during the period. NewEdge Advisors LLC owned about 0.57% of GEE Group worth $129,000 as of its most recent SEC filing. 30.38% of the stock is owned by institutional investors and hedge funds.

GEE Group Company Profile

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.