Separately, Zacks Investment Research upgraded shares of GEE Group from a sell rating to a hold rating in a research note on Wednesday, October 18th.
GEE Group (JOB) opened at $2.57 on Wednesday. GEE Group has a 1 year low of $2.45 and a 1 year high of $7.00. The company has a market cap of $25.39, a P/E ratio of -10.71 and a beta of 0.23.
In other GEE Group news, Director Arthur B. Laffer bought 12,289 shares of GEE Group stock in a transaction on Wednesday, January 10th. The stock was purchased at an average cost of $2.59 per share, for a total transaction of $31,828.51. Following the completion of the purchase, the director now directly owns 90,160 shares of the company’s stock, valued at $233,514.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several institutional investors have recently modified their holdings of the company. Stratos Wealth Partners LTD. acquired a new stake in shares of GEE Group in the third quarter worth $443,000. Wells Fargo & Company MN acquired a new stake in shares of GEE Group in the fourth quarter worth $250,000. Finally, Vanguard Group Inc. lifted its stake in shares of GEE Group by 2.7% in the second quarter. Vanguard Group Inc. now owns 77,099 shares of the company’s stock worth $399,000 after buying an additional 2,049 shares during the last quarter.
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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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