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

Stock analysts at StockNews.com initiated coverage on shares of GEE Group (NYSE:JOB) in a report issued on Wednesday. The firm set a “buy” rating on the stock.

GEE Group Stock Performance

JOB opened at $0.31 on Wednesday. The stock has a market cap of $33.36 million, a price-to-earnings ratio of 6.13 and a beta of 0.54. GEE Group has a 1 year low of $0.24 and a 1 year high of $0.63. The stock has a fifty day moving average price of $0.32 and a 200 day moving average price of $0.36.

Insiders Place Their Bets

In related news, Director John Randall Waterfield purchased 150,000 shares of GEE Group stock in a transaction on Friday, May 31st. The stock was bought at an average price of $0.37 per share, with a total value of $55,500.00. Following the completion of the transaction, the director now directly owns 655,000 shares of the company’s stock, valued at $242,350. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders purchased 535,612 shares of company stock valued at $196,161 over the last quarter. Insiders own 14.60% of the company’s stock.

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 stake in GEE Group Inc. (NYSE:JOB) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 5,683,792 shares of the company’s stock, valued at approximately $2,843,000. GEE Group accounts for approximately 3.2% of Cable Car Capital LLC’s investment portfolio, making the stock its 12th largest holding. Cable Car Capital LLC owned approximately 5.23% of GEE Group as of its most recent filing with the SEC. Hedge funds and other institutional investors own 30.38% of the company’s 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.