GEE Group (NYSE:JOB) Now Covered by StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of GEE Group (NYSE:JOB) in a report issued on Sunday. The brokerage set a “buy” rating on the stock.

GEE Group Trading Down 2.2 %

Shares of JOB stock opened at $0.30 on Friday. GEE Group has a twelve month low of $0.24 and a twelve month high of $0.63. The stock has a market capitalization of $32.62 million, a price-to-earnings ratio of 6.00 and a beta of 0.54. The stock has a fifty day simple moving average of $0.33 and a two-hundred day simple moving average of $0.39.

Insider Buying and Selling

In related news, Director John Randall Waterfield acquired 99,121 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was purchased at an average cost of $0.36 per share, for a total transaction of $35,683.56. Following the purchase, the director now directly owns 454,121 shares of the company’s stock, valued at approximately $163,483.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased 535,612 shares of company stock worth $196,161 in the last three months. 14.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

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 fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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 position. Cable Car Capital LLC owned approximately 5.23% of GEE Group at the end of the most recent quarter. 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.