Zacks Investment Research Lowers GEE Group Inc (JOB) to Strong Sell

Zacks Investment Research lowered shares of GEE Group Inc (AMEX:JOB) from a hold rating to a strong sell rating in a research note published on Friday morning.

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 set a $10.00 price objective on shares of GEE Group and gave the company a buy rating in a research report on Tuesday, August 15th.

Shares of GEE Group (JOB) opened at 4.75 on Friday. The firm has a 50-day moving average of $5.17 and a 200-day moving average of $5.31. The company’s market cap is $46.92 million. GEE Group has a 12-month low of $3.83 and a 12-month high of $7.00.

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In related news, CAO Alexander Preston Alex Stuckey sold 310,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $4.00, for a total value of $1,240,000.00. Following the sale, the chief accounting officer now directly owns 2,056,300 shares of the company’s stock, valued at $8,225,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Large investors have recently made changes to their positions in the stock. Skylands Capital LLC increased its stake in shares of 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 in the last quarter. Cadence Capital Management LLC increased 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 valued at $258,000 after buying an additional 1,512 shares during the period. Finally, Vanguard Group Inc. increased 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 valued at $399,000 after buying an additional 2,049 shares during the period.

About GEE Group

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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