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

Investment analysts at StockNews.com initiated coverage on shares of GEE Group (NYSE:JOB) in a research note issued to investors on Saturday. The brokerage set a “buy” rating on the stock.

GEE Group Trading Up 3.8 %

GEE Group stock opened at $0.28 on Friday. The company has a 50-day moving average price of $0.31 and a 200 day moving average price of $0.34. GEE Group has a 12-month low of $0.24 and a 12-month high of $0.63. The stock has a market cap of $30.49 million, a P/E ratio of 5.61 and a beta of 0.54.

Insider Activity

In other GEE Group news, Director John Randall Waterfield purchased 150,000 shares of the firm’s stock in a transaction dated Friday, May 31st. The shares were acquired at an average price of $0.37 per share, with a total value of $55,500.00. Following the purchase, the director now directly owns 655,000 shares in the company, valued at approximately $242,350. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have bought 521,327 shares of company stock valued at $191,019. 14.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On GEE Group

A number of institutional investors have recently made changes to their positions in the stock. Cable Car Capital LLC purchased a new position in shares of GEE Group during the 4th quarter worth approximately $2,843,000. Renaissance Technologies LLC boosted its position in shares of GEE Group by 17.8% during the second quarter. Renaissance Technologies LLC now owns 1,163,672 shares of the company’s stock worth $357,000 after buying an additional 176,043 shares during the period. Raffles Associates LP grew its stake in shares of GEE Group by 1.6% in the second quarter. Raffles Associates LP now owns 9,499,638 shares of the company’s stock valued at $2,913,000 after buying an additional 150,873 shares in the last quarter. Finally, Alpha Cubed Investments LLC raised its holdings in shares of GEE Group by 9.7% in the 2nd quarter. Alpha Cubed Investments LLC now owns 487,880 shares of the company’s stock valued at $150,000 after buying an additional 43,053 shares during the period. 30.38% of the stock is currently owned by institutional investors and hedge funds.

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.