Maltin Wealth Management Inc. acquired a new stake in shares of GEE Group Inc. (NYSE:JOB – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 328,343 shares of the company’s stock, valued at approximately $168,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in JOB. Commonwealth Equity Services LLC acquired a new position in shares of GEE Group during the 1st quarter worth approximately $27,000. Virtu Financial LLC lifted its stake in GEE Group by 127.8% in the 1st quarter. Virtu Financial LLC now owns 71,225 shares of the company’s stock valued at $39,000 after buying an additional 39,956 shares in the last quarter. Alpha Cubed Investments LLC increased its stake in GEE Group by 18.2% during the 1st quarter. Alpha Cubed Investments LLC now owns 163,120 shares of the company’s stock worth $68,000 after buying an additional 25,120 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of GEE Group during the third quarter valued at approximately $75,000. Finally, Renaissance Technologies LLC lifted its position in shares of GEE Group by 630.9% in the second quarter. Renaissance Technologies LLC now owns 249,970 shares of the company’s stock valued at $130,000 after acquiring an additional 215,770 shares in the last quarter. Hedge funds and other institutional investors own 34.05% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on GEE Group in a research note on Monday, August 21st. They issued a “strong-buy” rating for the company.
GEE Group Trading Down 2.9 %
Shares of NYSE JOB opened at $0.60 on Tuesday. The company has a 50-day moving average of $0.53 and a 200 day moving average of $0.49. GEE Group Inc. has a 12-month low of $0.36 and a 12-month high of $0.80. The stock has a market cap of $68.09 million, a PE ratio of 7.52, a P/E/G ratio of 0.41 and a beta of 1.64.
GEE Group (NYSE:JOB – Get Free Report) last released its quarterly earnings data on Monday, August 14th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.06. The firm had revenue of $38.17 million during the quarter, compared to analysts’ expectations of $38.94 million. GEE Group had a net margin of 5.26% and a return on equity of 9.19%. On average, sell-side analysts forecast that GEE Group Inc. will post 0.1 EPS for the current fiscal year.
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, and medical professionals for direct hire and contract staffing services; and temporary staffing services for light industrial clients.
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