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

Equities researchers at StockNews.com began coverage on shares of GEE Group (NYSE:JOB) in a report released on Monday. The firm set a “buy” rating on the stock.

GEE Group Price Performance

Shares of NYSE:JOB opened at $0.24 on Monday. GEE Group has a one year low of $0.20 and a one year high of $0.51. The company has a 50 day moving average of $0.23 and a 200-day moving average of $0.25. The stock has a market cap of $26.37 million, a price-to-earnings ratio of -1.10 and a beta of 0.60.

Insider Transactions at GEE Group

In other news, Director John Randall Waterfield acquired 131,779 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The stock was purchased at an average price of $0.24 per share, for a total transaction of $31,626.96. Following the completion of the acquisition, the director now owns 936,779 shares in the company, valued at $224,826.96. This trade represents a 16.37 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 16.72% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in GEE Group stock. NewEdge Advisors LLC boosted its position in shares of GEE Group Inc. (NYSE:JOB) by 16.6% in the fourth quarter, according to the company in its most recent disclosure 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 0.57% of GEE Group worth $129,000 as of its most recent SEC filing. 30.38% of the stock is owned by institutional investors and hedge funds.

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.