GEE Group Inc (AMEX:JOB) CAO Alexander Preston Alex Stuckey sold 310,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief accounting officer now directly owns 2,056,300 shares of the company’s stock, valued at $8,225,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
GEE Group Inc (AMEX:JOB) traded down 2.60% during mid-day trading on Wednesday, reaching $5.25. The company had a trading volume of 3,531 shares. The company has a market capitalization of $51.86 million, a P/E ratio of 35.71 and a beta of 0.93. The stock has a 50 day moving average price of $5.60 and a 200 day moving average price of $5.16. GEE Group Inc has a one year low of $3.61 and a one year high of $7.00.
An institutional investor recently raised its position in GEE Group stock. Cadence Capital Management LLC raised its stake in shares of GEE Group Inc (AMEX:JOB) by 3.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 52,700 shares of the business services provider’s stock after buying an additional 1,512 shares during the period. Cadence Capital Management LLC’s holdings in GEE Group were worth $258,000 at the end of the most recent quarter.
A number of brokerages have recently commented on JOB. Zacks Investment Research upgraded GEE Group from a “sell” rating to a “hold” rating in a report on Thursday, April 6th. Maxim Group restated a “buy” rating and issued a $10.00 price target on shares of GEE Group in a report on Monday, April 3rd.
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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