GEE Group Inc (AMEX:JOB) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday, July 18th.
According to Zacks, “GEE Group Inc. is a provider of professional staffing services and solutions. GEE Group Inc., formerly known as General Employment Enterprises, Inc., is based in Naperville, Illinois. “
Separately, Maxim Group reiterated a “buy” rating and issued a $10.00 price objective on shares of GEE Group in a research note on Monday, April 3rd.
Shares of GEE Group (AMEX JOB) opened at 5.06 on Tuesday. GEE Group has a 12 month low of $3.83 and a 12 month high of $7.00. The firm’s 50-day moving average is $5.27 and its 200 day moving average is $5.32. The stock has a market cap of $49.98 million, a PE ratio of 34.42 and a beta of 0.93.
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In other GEE Group news, CAO Alexander Preston Alex Stuckey sold 310,000 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $4.00, for a total value of $1,240,000.00. Following the completion of the sale, the chief accounting officer now owns 2,056,300 shares in the company, valued at $8,225,200. The sale was disclosed in a document filed with the SEC, which is available through this link.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cadence Capital Management LLC raised its position in GEE Group by 3.0% in the first quarter. Cadence Capital Management LLC now owns 52,700 shares of the business services provider’s stock worth $258,000 after buying an additional 1,512 shares during the last quarter. Vanguard Group Inc. raised its position in GEE Group by 2.7% in the second quarter. Vanguard Group Inc. now owns 77,099 shares of the business services provider’s stock worth $399,000 after buying an additional 2,049 shares during the last quarter. Finally, Skylands Capital LLC raised its position in GEE Group by 29.4% in the second quarter. Skylands Capital LLC now owns 239,300 shares of the business services provider’s stock worth $1,235,000 after buying an additional 54,337 shares during the last quarter.
GEE Group Company Profile
GEE Group Inc, formerly General Employment Enterprises, Inc, is a provider of specialized staffing solutions. The Company operates through two segments: contract staffing services and direct hire placement. The Company’s professional staffing services provide information technology, engineering, medical and accounting professionals to clients on either a regular placement basis or a temporary contract basis.
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