Insider Buying: GEE Group Inc. (NYSE:JOB) Director Acquires 131,779 Shares of Stock

GEE Group Inc. (NYSE:JOB) Director John Randall Waterfield bought 131,779 shares of the stock in a transaction that occurred on Tuesday, January 14th. The stock was bought at an average price of $0.24 per share, with a total value of $31,626.96. Following the completion of the acquisition, the director now owns 936,779 shares of the company’s stock, valued at $224,826.96. This trade represents a 16.37 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

GEE Group Stock Performance

NYSE JOB opened at $0.24 on Thursday. GEE Group Inc. has a one year low of $0.20 and a one year high of $0.51. The company’s 50 day moving average price is $0.24 and its 200 day moving average price is $0.26.

Hedge Funds Weigh In On GEE Group

An institutional investor recently raised its position in GEE Group stock. Raffles Associates LP boosted its stake in GEE Group Inc. (NYSE:JOB) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,499,638 shares of the company’s stock after purchasing an additional 150,873 shares during the period. GEE Group makes up about 3.3% of Raffles Associates LP’s investment portfolio, making the stock its 11th biggest holding. Raffles Associates LP owned approximately 8.73% of GEE Group worth $2,913,000 as of its most recent filing with the Securities and Exchange Commission. 30.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com started coverage on GEE Group in a research report on Thursday. They issued a “buy” rating on the stock.

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.