Insider Buying: PRGX Global Inc (PRGX) Director Purchases $255,500.00 in Stock

PRGX Global Inc (NASDAQ:PRGX) Director Matthew A. Drapkin bought 35,000 shares of PRGX Global stock in a transaction on Friday, December 15th. The shares were acquired at an average cost of $7.30 per share, for a total transaction of $255,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Tuesday, December 12th, Matthew A. Drapkin purchased 11,900 shares of PRGX Global stock. The stock was purchased at an average price of $7.34 per share, for a total transaction of $87,346.00.
  • On Friday, November 10th, Matthew A. Drapkin purchased 25,042 shares of PRGX Global stock. The stock was purchased at an average price of $7.19 per share, for a total transaction of $180,051.98.

PRGX Global Inc (PRGX) opened at $7.30 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.59 and a quick ratio of 1.59. PRGX Global Inc has a 52-week low of $5.35 and a 52-week high of $7.90.

PRGX has been the topic of several research reports. Zacks Investment Research upgraded shares of PRGX Global from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a report on Wednesday, November 8th. B. Riley set a $8.00 price objective on shares of PRGX Global and gave the company a “buy” rating in a 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 stock. The company currently has a consensus rating of “Buy” and an average price target of $7.00.

Several institutional investors and hedge funds have recently bought and sold shares of PRGX. Tower Research Capital LLC TRC increased its holdings in PRGX Global by 161.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 18,999 shares of the business services provider’s stock worth $123,000 after buying an additional 11,730 shares in the last quarter. OxFORD Asset Management LLP grew its stake in shares of 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 valued at $123,000 after purchasing an additional 8,063 shares during the period. GSA Capital Partners LLP grew its stake in shares of PRGX Global by 3.7% during the 2nd quarter. GSA Capital Partners LLP now owns 44,014 shares of the business services provider’s stock valued at $286,000 after purchasing an additional 1,584 shares during the period. Cadence Capital Management LLC grew its stake in shares of 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 valued at $1,539,000 after purchasing an additional 12,923 shares during the period. Finally, Thomson Horstmann & Bryant Inc. grew its stake in shares of PRGX Global by 33.6% during the 3rd quarter. Thomson Horstmann & Bryant Inc. now owns 498,740 shares of the business services provider’s stock valued at $3,491,000 after acquiring an additional 125,398 shares during the period. 70.09% of the stock is owned by hedge funds and other institutional investors.

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PRGX Global Company Profile

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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