GEE Group Inc. (NYSE:JOB) Director John Randall Waterfield Purchases 131,779 Shares of Stock

GEE Group Inc. (NYSE:JOB) Director John Randall Waterfield acquired 131,779 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The shares were bought at an average price of $0.24 per share, with a total value of $31,626.96. Following the completion of the transaction, the director now directly owns 936,779 shares in the company, valued at approximately $224,826.96. The trade was a 16.37 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

GEE Group Price Performance

Shares of JOB stock opened at $0.24 on Thursday. The firm has a 50-day moving average price of $0.24 and a 200 day moving average price of $0.26. GEE Group Inc. has a twelve month low of $0.20 and a twelve month high of $0.51.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on GEE Group in a report on Thursday. They issued a “buy” rating for the company.

Hedge Funds Weigh In On GEE Group

An institutional investor recently raised its position in GEE Group stock. Raffles Associates LP raised its holdings in GEE Group Inc. (NYSE:JOB) by 1.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 9,499,638 shares of the company’s stock after acquiring an additional 150,873 shares during the period. GEE Group accounts for about 3.3% of Raffles Associates LP’s holdings, making the stock its 11th biggest position. Raffles Associates LP owned 8.73% of GEE Group worth $2,913,000 at the end of the most recent quarter. 30.38% of the stock is currently owned by hedge funds and other institutional investors.

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.