StockNews.com Begins Coverage on GEE Group (NYSE:JOB)

StockNews.com initiated coverage on shares of GEE Group (NYSE:JOB) in a research note released on Thursday. The firm issued a buy rating on the stock.

GEE Group Price Performance

Shares of NYSE:JOB opened at $0.28 on Thursday. The stock has a market capitalization of $30.77 million, a P/E ratio of -1.28 and a beta of 0.60. The business has a 50-day moving average of $0.24 and a two-hundred day moving average of $0.26. GEE Group has a fifty-two week low of $0.20 and a fifty-two week high of $0.51.

Insiders Place Their Bets

In other news, Director John Randall Waterfield bought 131,779 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The shares were purchased at an average price of $0.24 per share, for a total transaction of $31,626.96. Following the acquisition, the director now directly owns 936,779 shares of the company’s stock, valued at $224,826.96. The trade was a 16.37 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 16.72% of the company’s stock.

Institutional Investors Weigh In On GEE Group

An institutional investor recently raised its position in GEE Group stock. Raffles Associates LP boosted its holdings in shares of 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 & Exchange Commission. The firm owned 9,499,638 shares of the company’s stock after purchasing an additional 150,873 shares during the quarter. GEE Group comprises approximately 3.3% of Raffles Associates LP’s holdings, making the stock its 11th largest position. Raffles Associates LP owned about 8.73% of GEE Group worth $2,913,000 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.