Raffles Associates LP Takes $1.97 Million Position in GEE Group Inc. $JOB

Raffles Associates LP purchased a new stake in shares of GEE Group Inc. (NYSE:JOB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 9,399,696 shares of the company’s stock, valued at approximately $1,974,000. GEE Group accounts for about 1.6% of Raffles Associates LP’s holdings, making the stock its 18th largest position. Raffles Associates LP owned approximately 0.09% of GEE Group as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Focus Partners Wealth boosted its position in GEE Group by 98.5% during the 3rd quarter. Focus Partners Wealth now owns 149,077 shares of the company’s stock worth $31,000 after acquiring an additional 73,993 shares during the period. Citadel Advisors LLC increased its holdings in shares of GEE Group by 62.7% in the 3rd quarter. Citadel Advisors LLC now owns 183,789 shares of the company’s stock valued at $38,000 after purchasing an additional 70,842 shares during the period. BlackRock Inc. acquired a new position in shares of GEE Group in the 2nd quarter valued at about $53,000. NewEdge Advisors LLC purchased a new stake in shares of GEE Group in the first quarter worth approximately $121,000. Finally, Arete Wealth Advisors LLC purchased a new stake in shares of GEE Group in the first quarter worth approximately $208,000. 30.38% of the stock is owned by hedge funds and other institutional investors.

GEE Group Stock Performance

JOB stock opened at $0.25 on Friday. The firm has a 50 day simple moving average of $0.22 and a 200 day simple moving average of $0.23. GEE Group Inc. has a 52 week low of $0.17 and a 52 week high of $0.28. The stock has a market cap of $27.91 million, a P/E ratio of -1.15 and a beta of 0.65.

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.