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

StockNews.com began coverage on shares of GEE Group (NYSE:JOB) in a research report sent to investors on Thursday. The brokerage issued a buy rating on the stock.

GEE Group Trading Down 3.3 %

Shares of NYSE JOB opened at $0.21 on Thursday. The company has a fifty day moving average price of $0.24 and a 200 day moving average price of $0.24. The firm has a market cap of $23.41 million, a PE ratio of -0.97 and a beta of 0.52. GEE Group has a 1-year low of $0.20 and a 1-year high of $0.51.

Insider Buying and Selling

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in GEE Group stock. NewEdge Advisors LLC raised its position in shares of GEE Group Inc. (NYSE:JOB) by 16.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 623,748 shares of the company’s stock after purchasing an additional 88,900 shares during the quarter. NewEdge Advisors LLC owned approximately 0.57% of GEE Group worth $129,000 at the end of the most recent quarter. Hedge funds and other institutional investors 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.