Strategic Opportunit Headlands Buys 83,460 Shares of PRGX Global Inc. (PRGX) Stock
PRGX Global Inc. (NASDAQ:PRGX) major shareholder Strategic Opportunit Headlands bought 83,460 shares of PRGX Global stock in a transaction on Monday, October 10th. The shares were acquired at an average price of $4.90 per share, for a total transaction of $408,954.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Strategic Opportunit Headlands also recently made the following trade(s):
- On Monday, October 3rd, Strategic Opportunit Headlands bought 22,500 shares of PRGX Global stock. The shares were acquired at an average price of $4.70 per share, for a total transaction of $105,750.00.
Shares of PRGX Global Inc. (NASDAQ:PRGX) opened at 5.07 on Thursday. The firm has a 50 day moving average price of $4.83 and a 200 day moving average price of $4.91. The firm’s market cap is $110.68 million. PRGX Global Inc. has a 1-year low of $3.04 and a 1-year high of $5.81.
PRGX Global (NASDAQ:PRGX) last released its quarterly earnings data on Tuesday, July 26th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.09. PRGX Global had a positive return on equity of 5.58% and a negative net margin of 1.85%. Analysts anticipate that PRGX Global Inc. will post $0.07 EPS for the current year.
Several large investors have recently bought and sold shares of PRGX. Boston Partners raised its stake in PRGX Global by 1.8% in the second quarter. Boston Partners now owns 192,958 shares of the company’s stock worth $1,007,000 after buying an additional 3,451 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in PRGX Global by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 686,547 shares of the company’s stock worth $3,584,000 after buying an additional 7,219 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in PRGX Global by 2.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 733,785 shares of the company’s stock worth $3,830,000 after buying an additional 15,305 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in PRGX Global by 83.1% in the first quarter. Jacobs Levy Equity Management Inc. now owns 43,258 shares of the company’s stock worth $204,000 after buying an additional 19,635 shares in the last quarter. Finally, Cannell Capital LLC acquired a new stake in PRGX Global during the second quarter worth $124,000. Institutional investors own 70.14% of the company’s stock.
Several research analysts have weighed in on the company. Zacks Investment Research upgraded PRGX Global from a “sell” rating to a “hold” rating in a report on Wednesday, September 28th. B. Riley reiterated a “buy” rating and set a $6.00 target price on shares of PRGX Global in a report on Saturday, July 30th.
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.
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