PRGX Global, Inc. (NASDAQ:PRGX) major shareholder Strategic Opportunit Headlands acquired 20,000 shares of the stock in a transaction dated Friday, August 4th. The stock was acquired at an average price of $6.13 per share, with a total value of $122,600.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Strategic Opportunit Headlands also recently made the following trade(s):
- On Thursday, August 3rd, Strategic Opportunit Headlands purchased 10,000 shares of PRGX Global stock. The shares were purchased at an average price of $6.16 per share, with a total value of $61,600.00.
Shares of PRGX Global, Inc. (NASDAQ PRGX) opened at 6.25 on Friday. The stock has a 50 day moving average of $6.23 and a 200-day moving average of $6.26. PRGX Global, Inc. has a 52-week low of $4.25 and a 52-week high of $7.25. The stock’s market capitalization is $139.91 million.
PRGX Global (NASDAQ:PRGX) last released its quarterly earnings data on Tuesday, August 1st. The business services provider reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.06. The firm had revenue of $38.51 million during the quarter, compared to the consensus estimate of $37.06 million. PRGX Global had a positive return on equity of 0.30% and a negative net margin of 0.55%. Analysts predict that PRGX Global, Inc. will post $0.10 EPS for the current fiscal year.
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Several hedge funds have recently added to or reduced their stakes in the stock. Thomson Horstmann & Bryant Inc. purchased a new stake in PRGX Global during the second quarter valued at $2,426,000. Cadence Capital Management LLC increased its stake in PRGX Global by 4.4% in the first quarter. Cadence Capital Management LLC now owns 223,852 shares of the business services provider’s stock valued at $1,433,000 after buying an additional 9,429 shares during the last quarter. Renaissance Technologies LLC raised its position in PRGX Global by 1.0% in the first quarter. Renaissance Technologies LLC now owns 1,667,810 shares of the business services provider’s stock valued at $10,674,000 after buying an additional 17,320 shares during the period. Cannell Capital LLC raised its position in PRGX Global by 14.3% in the first quarter. Cannell Capital LLC now owns 652,043 shares of the business services provider’s stock valued at $4,173,000 after buying an additional 81,587 shares during the period. Finally, Credit Agricole S A bought a new position in PRGX Global during the first quarter valued at about $296,000. Hedge funds and other institutional investors own 70.92% of the company’s stock.
A number of equities research analysts recently commented on the stock. B. Riley reiterated a “buy” rating and set a $8.00 price target on shares of PRGX Global in a report on Thursday. ValuEngine raised shares of PRGX Global from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research raised shares of PRGX Global from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $6.31.
About PRGX Global
PRGX Global, Inc (PRGX), together with its subsidiaries, provides recovery audit and spend analytics services. The Company provides recovery audit, procure-to-pay performance improvement, spend analytics and risk management services principally to large businesses and government agencies. The Company operates through three segments: Recovery Audit Services-Americas, Recovery Audit Services-Europe/Asia-Pacific and Adjacent Services.
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