PRGX Global, Inc. (NASDAQ:PRGX) Director Matthew A. Drapkin bought 37,370 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was acquired at an average cost of $6.35 per share, for a total transaction of $237,299.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

  • On Tuesday, August 22nd, Matthew A. Drapkin bought 13,947 shares of PRGX Global stock. The stock was acquired at an average cost of $6.34 per share, for a total transaction of $88,423.98.
  • On Monday, August 21st, Matthew A. Drapkin bought 9,191 shares of PRGX Global stock. The stock was acquired at an average cost of $6.35 per share, for a total transaction of $58,362.85.

PRGX Global, Inc. (NASDAQ PRGX) opened at 6.55 on Friday. The firm has a 50-day moving average of $6.22 and a 200-day moving average of $6.29. The stock’s market capitalization is $146.63 million. PRGX Global, Inc. has a 1-year low of $4.25 and a 1-year high of $7.25.

PRGX Global (NASDAQ:PRGX) last announced its quarterly earnings data on Tuesday, August 1st. The business services provider reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.06. PRGX Global had a negative net margin of 0.55% and a positive return on equity of 0.30%. The firm had revenue of $38.51 million for the quarter, compared to the consensus estimate of $37.06 million. Equities research analysts anticipate that PRGX Global, Inc. will post $0.10 EPS for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Northern Right Capital Management L.P. increased its position in shares of PRGX Global by 13.0% in the second 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 buying an additional 173,222 shares during the last quarter. OxFORD Asset Management LLP increased its position in shares of PRGX Global by 74.7% in the second quarter. OxFORD Asset Management LLP now owns 18,858 shares of the business services provider’s stock worth $123,000 after buying an additional 8,063 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of PRGX Global by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 726,299 shares of the business services provider’s stock worth $4,721,000 after buying an additional 34,620 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of PRGX Global by 3.7% in the second quarter. GSA Capital Partners LLP now owns 44,014 shares of the business services provider’s stock worth $286,000 after buying an additional 1,584 shares during the last quarter. Finally, Cadence Capital Management LLC increased its position in shares of PRGX Global by 5.8% in the second quarter. Cadence Capital Management LLC now owns 236,775 shares of the business services provider’s stock worth $1,539,000 after buying an additional 12,923 shares during the last quarter. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have weighed in on the stock. B. Riley reissued a “buy” rating and issued a $8.00 target price on shares of PRGX Global in a research note on Tuesday. Zacks Investment Research raised shares of PRGX Global from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Finally, ValuEngine raised shares of PRGX Global from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $6.31.

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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