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

StockNews.com began coverage on shares of GEE Group (NYSE:JOB) in a research note released on Sunday. The firm issued a buy rating on the stock.

GEE Group Stock Down 2.6 %

JOB opened at $0.31 on Friday. The firm has a market capitalization of $33.35 million, a P/E ratio of 6.13 and a beta of 0.46. The firm’s 50 day moving average is $0.33 and its 200-day moving average is $0.39. GEE Group has a 52-week low of $0.24 and a 52-week high of $0.63.

Insider Buying and Selling at GEE Group

In other GEE Group news, Director John Randall Waterfield purchased 150,000 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were acquired at an average price of $0.37 per share, for a total transaction of $55,500.00. Following the completion of the purchase, the director now owns 655,000 shares in the company, valued at approximately $242,350. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders bought a total of 535,612 shares of company stock valued at $196,161 in the last ninety days. Insiders own 14.60% of the company’s stock.

Institutional Trading of GEE Group

An institutional investor recently bought a new position in GEE Group stock. Cable Car Capital LLC bought a new stake in GEE Group Inc. (NYSE:JOB) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 5,683,792 shares of the company’s stock, valued at approximately $2,843,000. GEE Group makes up 3.2% of Cable Car Capital LLC’s investment portfolio, making the stock its 12th biggest position. Cable Car Capital LLC owned approximately 5.23% of GEE Group as of its most recent filing with the SEC. Institutional investors and hedge funds own 30.38% of the company’s stock.

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.