GEE Group (NYSE:JOB) Earns Buy Rating from Analysts at StockNews.com

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

GEE Group Stock Down 2.6 %

Shares of JOB stock opened at $0.31 on Friday. The company has a market capitalization of $33.35 million, a P/E ratio of 6.13 and a beta of 0.46. GEE Group has a 12-month low of $0.24 and a 12-month high of $0.63. The firm has a 50-day moving average price of $0.33 and a 200 day moving average price of $0.39.

Insider Transactions at GEE Group

In other GEE Group news, Director John Randall Waterfield purchased 99,121 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was purchased at an average cost of $0.36 per share, with a total value of $35,683.56. Following the acquisition, the director now directly owns 454,121 shares of the company’s stock, valued at approximately $163,483.56. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders have acquired 535,612 shares of company stock valued at $196,161 in the last three months. 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 acquired a new position in GEE Group Inc. (NYSE:JOB) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 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 largest position. Cable Car Capital LLC owned 5.23% of GEE Group as of its most recent SEC filing. 30.38% of the stock is currently owned by hedge funds and other 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.