Raffles Associates LP Makes New Investment in GEE Group Inc. $JOB

Raffles Associates LP bought a new stake in shares of GEE Group Inc. (NYSE:JOB) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 9,399,696 shares of the company’s stock, valued at approximately $1,974,000. GEE Group makes up about 1.8% of Raffles Associates LP’s portfolio, making the stock its 16th largest position. Raffles Associates LP owned about 0.09% of GEE Group as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of JOB. Focus Partners Wealth boosted its holdings in GEE Group by 98.5% in the third quarter. Focus Partners Wealth now owns 149,077 shares of the company’s stock valued at $31,000 after purchasing an additional 73,993 shares during the last quarter. Citadel Advisors LLC boosted its stake in shares of GEE Group by 62.7% during the 3rd quarter. Citadel Advisors LLC now owns 183,789 shares of the company’s stock valued at $38,000 after buying an additional 70,842 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of GEE Group during the second quarter worth approximately $53,000. NewEdge Advisors LLC acquired a new stake in GEE Group in the first quarter valued at $121,000. Finally, Arete Wealth Advisors LLC bought a new position in GEE Group during the 1st quarter valued at $208,000. Institutional investors and hedge funds own 30.38% of the company’s stock.

GEE Group Stock Performance

JOB opened at $0.26 on Wednesday. The company has a 50-day moving average of $0.22 and a 200-day moving average of $0.23. The company has a market capitalization of $28.11 million, a P/E ratio of -1.16 and a beta of 0.65. GEE Group Inc. has a 1-year low of $0.17 and a 1-year high of $0.28.

About GEE Group

GEE Group Inc (NYSE: JOB) is a workforce management firm that provides staffing, consulting and managed services across a range of industries. The company places professionals on a temporary, contract-to-hire and direct-hire basis, serving sectors such as industrial and manufacturing, logistics and transportation, energy and utilities, government, and professional services. GEE Group’s staffing capabilities extend from entry-level positions to specialized technical and engineering roles.

In addition to traditional staffing solutions, GEE Group offers managed workforce programs designed to streamline talent acquisition and workforce administration for large-scale projects.