Zacks Investment Research Upgrades GEE Group (JOB) to Hold
Zacks Investment Research upgraded shares of GEE Group (NYSEAMERICAN:JOB) from a sell rating to a hold rating in a report issued on Saturday.
According to Zacks, “GEE Group Inc. is a provider of professional staffing services and solutions. GEE Group Inc., formerly known as General Employment Enterprises, Inc., is based in Naperville, Illinois. “
Separately, Maxim Group reduced their target price on GEE Group from $10.00 to $8.00 and set a buy rating on the stock in a report on Tuesday, October 10th.
GEE Group (NYSEAMERICAN:JOB) last posted its quarterly earnings results on Thursday, December 28th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.01. GEE Group had a return on equity of 67.72% and a net margin of 8.04%.
In other GEE Group news, Director Arthur B. Laffer bought 12,289 shares of GEE Group stock in a transaction on Wednesday, January 10th. The shares were purchased at an average cost of $2.59 per share, for a total transaction of $31,828.51. Following the completion of the acquisition, the director now owns 90,160 shares in the company, valued at approximately $233,514.40. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.
An institutional investor recently bought a new position in GEE Group stock. Stratos Wealth Partners LTD. purchased a new stake in GEE Group Inc (NYSEAMERICAN:JOB) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 150,000 shares of the company’s stock, valued at approximately $443,000. Stratos Wealth Partners LTD. owned 1.52% of GEE Group at the end of the most recent quarter.
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GEE Group Company Profile
GEE Group Inc, formerly General Employment Enterprises, Inc, is a provider of specialized staffing solutions. The Company operates through two segments: contract staffing services and direct hire placement. The Company’s professional staffing services provide information technology, engineering, medical and accounting professionals to clients on either a regular placement basis or a temporary contract basis.
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