Insider Buying: PRGX Global Inc (PRGX) Director Acquires $87,346.00 in Stock

PRGX Global Inc (NASDAQ:PRGX) Director Matthew A. Drapkin purchased 11,900 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was bought at an average price of $7.34 per share, for a total transaction of $87,346.00. Following the transaction, the director now directly owns 133,153 shares in the company, valued at $977,343.02. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Matthew A. Drapkin also recently made the following trade(s):

  • On Friday, November 10th, Matthew A. Drapkin purchased 25,042 shares of PRGX Global stock. The stock was bought at an average price of $7.19 per share, for a total transaction of $180,051.98.

PRGX Global Inc (PRGX) remained flat at $$7.40 during midday trading on Friday. The company had a trading volume of 45,236 shares, compared to its average volume of 25,617. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.59 and a current ratio of 1.59. PRGX Global Inc has a 1-year low of $5.25 and a 1-year high of $7.90.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in PRGX Global by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 691,679 shares of the business services provider’s stock worth $4,427,000 after purchasing an additional 3,993 shares during the period. Cadence Capital Management LLC increased its position in PRGX Global by 5.8% during the 2nd quarter. Cadence Capital Management LLC now owns 236,775 shares of the business services provider’s stock worth $1,539,000 after purchasing an additional 12,923 shares during the period. Northern Right Capital Management L.P. increased its position in PRGX Global by 13.0% during the 2nd quarter. Northern Right Capital Management L.P. now owns 1,507,806 shares of the business services provider’s stock worth $9,801,000 after purchasing an additional 173,222 shares during the period. Tower Research Capital LLC TRC increased its position in PRGX Global by 161.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 18,999 shares of the business services provider’s stock worth $123,000 after purchasing an additional 11,730 shares during the period. Finally, OxFORD Asset Management LLP increased its position in PRGX Global by 74.7% during the 2nd quarter. OxFORD Asset Management LLP now owns 18,858 shares of the business services provider’s stock worth $123,000 after purchasing an additional 8,063 shares during the period. Institutional investors own 70.09% of the company’s stock.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded PRGX Global from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research report on Wednesday, November 8th. B. Riley set a $8.00 price target on PRGX Global and gave the company a “buy” rating in a research report on Tuesday, October 31st. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. PRGX Global currently has a consensus rating of “Buy” and a consensus price target of $7.00.

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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.

Insider Buying and Selling by Quarter for PRGX Global (NASDAQ:PRGX)

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