GEE Group (NYSE:JOB) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of GEE Group (NYSE:JOB) in a report issued on Saturday morning. The brokerage issued a buy rating on the stock.

GEE Group Stock Up 3.4 %

Shares of NYSE:JOB opened at $0.33 on Friday. The company has a market capitalization of $35.89 million, a price-to-earnings ratio of 6.60 and a beta of 0.46. GEE Group has a 52 week low of $0.24 and a 52 week high of $0.63. The firm has a 50 day moving average of $0.33 and a 200 day moving average of $0.39.

Insider Buying and Selling

In other news, Director John Randall Waterfield purchased 150,000 shares of the business’s stock in a transaction on Friday, May 31st. The shares were acquired at an average cost of $0.37 per share, with a total value of $55,500.00. Following the completion of the acquisition, the director now owns 655,000 shares of the company’s stock, valued at $242,350. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders acquired 535,612 shares of company stock valued at $196,161 over the last 90 days. Corporate insiders own 14.60% of the company’s stock.

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:JOB) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,683,792 shares of the company’s stock, valued at approximately $2,843,000. GEE Group comprises approximately 3.2% of Cable Car Capital LLC’s investment portfolio, making the stock its 12th biggest position. Cable Car Capital LLC owned 5.23% of GEE Group at the end of the most recent reporting period. Institutional investors and hedge funds own 30.38% of the company’s stock.

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.